China Merchants Port : SUPPLEMENTAL ANNOUNCEMENT - CONTINUING CONNECTED TRANSACTIONS WITH A CONNECTED PERSON AT SUBSIDIARY LEVEL - PR...

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(Incorporated in Hong Kong with limited liability under the Companies Ordinance)

(Stock Code: 00144)

SUPPLEMENTAL ANNOUNCEMENT

CONTINUING CONNECTED TRANSACTIONS WITH A

CONNECTED PERSON AT SUBSIDIARY LEVEL

PROVISION OF TERMINAL SERVICES AND DETERMINATION

OF ANNUAL CAP

Reference is made to the announcement made by China Merchants Port Holdings Company Limited (the "Company", and together with its subsidiaries, the "Group") dated 8 April 2022 with respect to the provision of various terminal services to the MSC Group by the Group. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the Announcement.

As disclosed in the Announcement, the Board resolved to set an aggregate annual cap in respect of the annual aggregate maximum amount of service fees receivable by members of the Group from the MSC Group for the Terminal Services Transactions at HK$2,100 million for the period commenced on 30 March 2022 and ending 31 December 2022 and at HK$2,520 million for the year ending 31 December 2023.

The aggregate annual caps for (i) the period commenced on 30 March 2022 and ending 31 December 2022 and (ii) the year ending 31 December 2023 were determined with reference to (i) the historical amount of transactions between the MSC Group and the Group; (ii) the anticipated services to be provided to the MSC Group for period commenced on 30 March 2022 and ending 31 December 2022 and the year ending 31 December 2023, and (iii) the potential increase in market prices.

In order to provide shareholders of the Company with more information and references, the Board would like to provide supplemental information regarding the historical transaction amount between the MSC Group and the Group for the Terminal Services Transactions for the most recent three years:

By Order of the Board

China Merchants Port Holdings Company Limited

Deng Renjie

Chairman

Hong Kong, 14 April 2022

As at the date of this announcement, the Board comprises Mr. Deng Renjie, Mr. Wang Xiufeng, Mr. Liu Weiwu, Mr. Deng Weidong, Mr. Yim Kong and Mr. Wang Zhixian as executive directors; and Mr. Kut Ying Hay, Mr. Lee Yip Wah Peter, Mr. Li Ka Fai David and Mr. Bong Shu Ying Francis as independent non-executive directors.