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China Merchants Port Group Co., Ltd. Interim Report 2021

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China Merchants Port Group Co., Ltd. Interim Report 2021 CHINA MERCHANTS PORT GROUP CO., LTD. INTERIM REPORT 2021 Date of Disclosure: 31 August 2021 China Merchants Port Group Co., Ltd. Interim Report 2021 Part I Important Notes, Table of Contents and Definitions The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors, supervisors and senior managers of China Merchants Port Group Co., Ltd. (hereinafter referred to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the contents of this Report and its summary, and shall be jointly and severally liable for any misrepresentations, misleading statements or material omissions therein. Wang Xiufeng, the Company’s legal representative, Tu Xiaoping, the Company’s Chief Financial Officer, and Sun Ligan, the person-in-charge of the accounting organ hereby guarantee that the financial statements carried in this Report are factual, accurate and complete. All the Company’s directors have attended the Board meeting for the review of this Report and its summary. Any forward-looking statements such as future plans or development strategies mentioned herein shall not be considered as the Company’s promises to investors. And investors are reminded to exercise caution when making investment decisions. Possible risks faced by the Company and countermeasures have been explained in “Part III Management Discussion and Analysis” herein, which investors are kindly reminded to pay attention to. Securities Times, Shanghai Securities News, Ta Kung Pao (HK) and www.cninfo.com.cn have been designated by the Company for information disclosure. And all information about the Company shall be subject to what’s disclosed on the aforesaid media. The Company is not subject to any industry-specific disclosure requirements. The Company has no interim dividend plan, either in the form of cash or stock. This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese versions shall prevail. 1 China Merchants Port Group Co., Ltd. Interim Report 2021 Table of Contents Part I Important Notes, Table of Contents and Definitions .................................... 1 Part II Corporate Information and Key Financial Information ............................ 6 Part III Management Discussion and Analysis ...................................................... 10 Part IV Corporate Governance ............................................................................... 37 Part V Environmental and Social Responsibility ................................................... 40 Part VI Significant Events ........................................................................................ 47 Part VII Share Changes and Shareholder Information ........................................ 60 Part VIII Preference Shares ..................................................................................... 66 Part IX Bonds ............................................................................................................ 67 Part X Financial Statements ..................................................................................... 71 2 China Merchants Port Group Co., Ltd. Interim Report 2021 Documents Available for Reference I. Financial Statements carrying the signatures and stamps of the Company Principal, the Chief Financial Officer and the person in charge of accounting firm; II. Original copies of all documents and the announcements thereof disclosed in the reporting period on “Securities Times”, “Shanghai Securities News” and “Ta Kung Pao”. 3 China Merchants Port Group Co., Ltd. Interim Report 2021 Definitions Term Definition China Merchants Port Group Co., Ltd., formerly known as “Shenzhen Chiwan The “Company”, “CMPort” or “we” Wharf Holdings Limited” CMG China Merchants Group Co., Limited CMPort Holdings China Merchants Port Holdings Company Limited (00144.HK) CSRC China Securities Regulation Commission Jifa Logistics Dalian Port Jifa Logistics Co., Ltd. DPCD Dalian Port Container Development Co., Ltd. Yingkou Port Group Yingkou Port Group Co., Ltd. DPN Dalian Port Logistics Network Co., Ltd. YPIT Yingkou Port Information Technology Co., Ltd. China Merchants International Technology Co., Ltd., formerly known as China CMIT/ CMHIT Merchants Holdings (International) Information Technology Co., Ltd. Dongguan Machong Dongguan Chiwan Port Service Co., Ltd. Shantou Port Shantou CMPort Group Co., Ltd. Zhanjiang Port Zhanjiang Port (Group) Co., Ltd. Shunde New Port Guangdong Yide Port Limited Zhangzhou Port Zhangzhou China Merchants Port Co., Ltd. CMICT Ningbo Daxie China Merchants International Container Terminal Co., Ltd. CICT Colombo International Container Terminals Ltd. HIPG Hambantota International Port Group LCT Lome Container Terminals Ltd. TCP TCP Participações S.A CM ePort The wharf e-commerce platform, i.e. the unified customer service platform TEU Twenty Foot Equivalent Unit Haixing Harbor Shenzhen Haixing Harbor Development Co., Ltd. Yingkou Port Yingkou Port Co., Ltd. Liaoning Port/ Dalian Port Liaoning Port Co., Ltd., formerly known as Dalian Port (PDA) Company Limited State-Owned Assets Supervision and Administration Commission of the State SASAC of the State Council Council SIPG Shanghai International Port (Group) Co., Ltd. Tianjin Port Container Terminal Tianjin Port Container Terminal Co., Ltd. QQCTU Qingdao Qianwan United Container Terminal Co., Ltd. CMCS China Merchants Container Services Limited Modern Terminals Modern Terminals Limited Taiwan Kao Ming Container Kao Ming Container Terminal Corp. TL Terminal Link S.A.S. Kumport Kumport Liman Hizmetleri ve Lojistik Sanayi ve Ticaret Anonim Sirketi PDSA Port de Djibouti S.A. TICT Tin-Can Island Container Terminal Ltd. QQTU Qingdao Qianwan United Terminal Co., Ltd. Qingdao Dongjiakou Qingdao Port Dongjiakou Ore Terminal Co., Ltd. Laizhou Port China Shipping Port (Laizhou) Co., Ltd. Xiamen Port Zhangzhou China Merchants Xiamen Port Affairs Co., Ltd. Ningbo Port Ningbo Zhoushan Port Company Limited The cninfo website www.cninfo.com.cn COD Chemical Oxygen Demand 4 China Merchants Port Group Co., Ltd. Interim Report 2021 RTG Rubber Tyre Gantry VOC Volatile Organic Compounds PCR Polymerase Chain Reaction Pk23 Pk23 Community, Djibouti City SZSE Shenzhen Stock Exchange The “Articles of Association” The Articles of Association of China Merchants Port Group Co., Ltd. Expressed in the Chinese currency of Renminbi RMB Expressed in tens of thousands of Renminbi RMB’0,000 Expressed in hundreds of millions of Renminbi RMB’00,000,000 (unless otherwise specified) 5 China Merchants Port Group Co., Ltd. Interim Report 2021 Part II Corporate Information and Key Financial Information I Corporate Information CM Port Group/ Stock name Stock code 001872/201872 CM Port Group B Stock exchange for stock listing Shenzhen Stock Exchange Company name in Chinese 招商局港口集团股份有限公司 Abbr. (if any) 招商港口 Company name in English (if any) China Merchants Port Group Co., Ltd. Abbr. (if any) CMPort Legal representative Wang Xiufeng II Contact Information Board Secretary Securities Representative Name Li Yubin Hu Jingjing 24/F, China Merchants Port Plaza, 1 24/F, China Merchants Port Plaza, 1 Address Gongye 3rd Road, Zhaoshang Street, Gongye 3rd Road, Zhaoshang Street, Nanshan, Shenzhen, PRC Nanshan, Shenzhen, PRC Tel. +86 755 26828888 +86 755 26828888 Fax +86 755 26886666 +86 755 26886666 Email address [email protected] [email protected] III Other Information 1. Contact Information of the Company Indicate by tick mark whether any change occurred to the registered address, office address and their zip codes, website address and email address of the Company in the Reporting Period. □ Applicable √ Not applicable No change occurred to the said information in the Reporting Period, which can be found in the 2020 Annual Report. 2. Media for Information Disclosure and Place where this Report is Lodged Indicate by tick mark whether any change occurred to the information disclosure media and the place for lodging the Company’s periodic reports in the Reporting Period. □ Applicable √ Not applicable 6 China Merchants Port Group Co., Ltd. Interim Report 2021 The newspapers designated by the Company for information disclosure, the website designated by the CSRC for disclosing the Company’s periodic reports and the place for lodging such reports did not change in the Reporting Period. The said information can be found in the 2020 Annual Report. 3. Other Relevant Information Indicate by tick mark whether any change occurred to the other relevant information in the Reporting Period. □ Applicable √ Not applicable IV Key Financial Information Indicate by tick mark whether there is any retrospectively restated datum in the table below. √ Yes □ No Reason: Business combination under common control On 18 December 2020, the Company signed the Equity Subscription and Capital Increase Agreement for CMHIT with the Company's subsidiaries, CMPort Holdings and CMHIT, Jifa Logistics, DPCD, and Yingkou Port Group. According to the Equity Subscription and Capital Increase Agreement, Jifa Logistics and DPCD would increase the capital of CMHIT with 29.40% and 49.63% of their respective shares in DPN, and Yingkou Port Group would increase the capital of CMHIT with 100% of its equity in YPIT. Before and after the merger, CMHIT, DPN and YPIT are all subject to the final control of CMG, the actual controller of the Company, and such control is not temporary. The above capital increase was completed on 9 February 2021. Upon completion
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