Xiamen International Port : ISSUE OF SUPER SHORT-TERM NOTES IN THE PRC BY XIAMEN INTERNATIONAL PORT CO., LTD

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廈 門 國 際 港 務 股 份 有 限 公 司 XIAMEN INTERNATIONAL PORT CO., LTD*

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 3378)

ISSUE OF SUPER SHORT-TERM NOTES IN THE PRC BY

XIAMEN INTERNATIONAL PORT CO., LTD

This announcement is made by the Company pursuant to Rules 13.09(2)(a) and 13.10B of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the Company's announcements dated 5 August 2020, 17 September 2020, 28 September 2020, 14 October 2020 and 16 November 2020 (the "Announcements") and the Company's circular dated 31 August 2020, in relation to the proposed issue of the Super Short-Term Notes. Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcements.

Subsequent to the approval by the Shareholders at the EGM of, inter alia, the proposed application to the NAFMII for the registration of the issue of the Super Short-Term Notes in the PRC with a registered amount of no more than RMB 8,000,000,000 (including RMB 8,000,000,000) on 16 September 2020 and NAFMII has accepted the new registered amount of the Company's Super Short-Term Notes to RMB 6,000,000,000 on 4 March 2021 (the effective period for the registered amount is two years from 5 March 2021), the Board is pleased to announce that on 12 March 2021, the Company has completed the issue of the first tranche of the Super Short-Term Notes in 2021 with a term of 180 days from the date of issue with a total principal amount of RMB1,000,000,000 at a fixed interest rate of 3% per annum (the "First Tranche Super Short-Term Notes in 2021"). Industrial Bank Co., Ltd. (興業銀 行股份有限公司) is the principal underwriter of the First Tranche Super Short-Term Notes in 2021.

The Company intends to use RMB800,000,000 of the net proceeds from the issue of the First Tranche Super Short-Term Notes in 2021 to repay the Company's Twelfth Tranche Super Short-Term Notes in 2020 and the Company's Sixteenth Tranche Super Short-Term Notes in 2020, which are immediately due. As previously indicated, the net proceeds from the issue of the Company's Twelfth Tranche Super Short-Term Notes in 2020 were entirely used for repaying the Company's first tranche corporate bonds in 2017, the net proceeds from the issue of the Company's Sixteenth Tranche Super Short-Term Notes in 2020 were entirelyused for repaying the Company's Tenth Tranche Super Short-Term Notes in 2020. In addition, the Company intends to use the remaining RMB200,000,000 to supplement the working capital of the Group so as to satisfy the requirement of its business development.

In accordance with the relevant PRC laws and regulations, information in relation to the Company and the First Tranche Super Short-Term Notes in 2021 has been published on the websites of Shanghai Clearing House (www.shclearing.com) and China Money (www.chinamoney.com.cn).

By order of the Board Xiamen International Port Co., Ltd

Cai Changzhen Company Secretary

Xiamen, PRC, 12 March 2021

As at the date of this announcement, the executive Directors are Mr. Cai Liqun, Mr. Chen Zhaohui, Mr. Lin Fuguang and Mr. Chen Zhen; the non-executive Directors are Mr. Chen Zhiping, Mr. Fu Chengjing, Mr. Huang Zirong and Ms. Bai Xueqing; and the independent non-executive Directors are Mr. Liu Feng, Mr. Lin Pengjiu, Mr. Jin Tao and Mr. Ji Wenyuan.

* For identification purpose only