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招港B:2021年第一季度报告正文(英文版)2021-04-30  

                            China Merchants Port Group Co., Ltd.                                            The Report for the First Quarter of 2021


Stock Code: 001872/201872              Stock Name: CM Port Group, CM Port Group B             Announcement No. 2021-037




           CHINA MERCHANTS PORT GROUP CO., LTD.

       THE REPORT FOR THE FIRST QUARTER OF 2021

                                Date of Disclosure: 30 April 2021
   China Merchants Port Group Co., Ltd.                              The Report for the First Quarter of 2021




                                          Part I Important Notes

The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management 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.
All the Company’s directors have attended the Board meeting for the review of this Report and its
summary.
Bai Jingtao, the Company’s legal representative, Lu Yongxin, the Company’s Acting 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.
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. Investors are kindly reminded to pay
attention to.
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 version shall prevail.




                                                    2
China Merchants Port Group Co., Ltd.                                                    The Report for the First Quarter of 2021




                                                   Definitions


                 Term                                                      Definition
The “Company”, “CMPort” or   China Merchants Port Group Co., Ltd., formerly known as “Shenzhen Chiwan Wharf
“we”                           Holdings Limited”

CMG                              China Merchants Group Co., Limited

CMPort Holdings                  China Merchants Port Holdings Company Limited (00144.HK)

CMHIT                            China Merchants Holdings (International) Information Technology Co., Ltd.

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.

Zhanjiang Port                   Zhanjiang Port (Group) Co., Ltd.

Haixing Harbor                   Shenzhen Haixing Harbor Development Co., Ltd.


SZSE                             Shenzhen Stock Exchange

CMG Finance                      China Merchants Group Finance Co., Ltd.

The cninfo website               www.cninfo.com.cn

                                 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)




                                                             3
   China Merchants Port Group Co., Ltd.                                The Report for the First Quarter of 2021




                             Part II Key Corporate Information


I Key Accounting Data and 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 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 of the capital

increase, the Company, CMPort Holdings, Jifa Logistics, DPCD and Yingkou Port Group will hold

13.18%, 43.74%, 13.26%, 22.38% and 7.44% equity in CMHIT, respectively. CMHIT remains a

majority-owned subsidiary of the Company. CMHIT holds 79.03% equity in DPN and 100% equity

in YPIT respectively, and is able to exercise control over the latter two companies. Therefore, since

9 February 2021, the Company will follow the accounting processing method for enterprise merger

under the same control and include DPN and YPIT in the consolidated scope of the Company's

consolidated financial statements from the beginning of the comparative financial statement period.




                                                  4
        China Merchants Port Group Co., Ltd.                                      The Report for the First Quarter of 2021




                                                                            Q1 2020                              Change
                                       Q1 2021
                                                               Original                 Restated                Restated
Operating revenue (RMB)                3,574,128,378.48        2,886,025,618.74         2,903,610,633.29             23.09%
Net profit attributable to the
listed company’s                        532,867,484.84         149,871,785.99           149,234,067.89             257.07%
shareholders (RMB)
Net profit attributable to the
listed company’s
shareholders before                      524,972,071.00         199,867,940.76           200,075,200.85             162.39%
exceptional gains and losses
(RMB)
Net cash generated
from/used in operating                   880,940,193.44         847,165,371.60           828,153,884.17               6.37%
activities (RMB)
Basic earnings per share
                                                    0.28                   0.08                       0.08          250.00%
(RMB/share)
Diluted earnings per share
                                                    0.28                   0.08                       0.08          250.00%
(RMB/share)
Weighted average return on
                                                 1.42%                    0.42%                     0.42%             1.00%
equity (%)
                                                                      31 December 2020                           Change
                                    31 March 2021
                                                               Original                 Restated                Restated
Total assets (RMB)                  166,226,373,047.70     168,543,611,777.21         168,728,326,345.77             -1.48%
Equity attributable to the
listed company’s                    37,868,722,895.56      37,117,806,052.18          37,165,277,744.78              1.89%
shareholders (RMB)

    Total share capital up to the former trading date before the disclosure:
    Total share capital up to the former trading date
                                                                                                        1,922,365,124
    before the disclosure (share)

    Fully diluted EPS calculated by the newest share capital:
    Fully diluted EPS calculated by the newest share
                                                                                                                    0.28
    capital (RMB/share)




                                                           5
   China Merchants Port Group Co., Ltd.                                     The Report for the First Quarter of 2021




Exceptional gains and losses:

                                                                                                      Unit: RMB
                                Item                                   Q1 2021                     Note
Gain or loss on disposal of non-current assets (inclusive of
                                                                        13,401,172.17
impairment allowance write-offs)
Government subsidies charged to current profit or loss (exclusive
of government subsidies given in the Company’s ordinary course
                                                                        19,553,938.77
of business at fixed quotas or amounts as per the government’s
uniform standards)
Capital occupation charges on non-financial enterprises that are
                                                                        61,352,371.27
charged to current profit or loss
Current profit or loss on subsidiaries obtained in business
combinations involving enterprises under common control from             -3,255,790.50
the period-beginning to combination dates, net
Gain or loss on fair-value changes in held-for-trading and
derivative financial assets and liabilities & income from disposal
of held-for-trading and derivative financial assets and liabilities,
                                                                       -168,400,154.98
and other investments in debt obligations (exclusive of effective
portion of hedges that arise in the Company’s ordinary course of
business)
Non-operating income and expense other than the above                     1,081,081.32
Less: Income tax effects                                                -62,960,484.26
     Non-controlling interests effects (net of tax)                     -21,202,311.53
Total                                                                     7,895,413.84              --
Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or
listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Offering
Their Securities to the Public—Exceptional Gain/Loss Items:
□ Applicable √ Not applicable

II Total Number of Shareholders and Holdings of Top 10 Shareholders at 31

March 2021

1. Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting

Rights as well as Holdings of Top 10 Shareholders




                                                         6
    China Merchants Port Group Co., Ltd.                                                           The Report for the First Quarter of 2021


                                                                                                                                 Unit: share
                                                                                           Number of preferred shareholders
Number of ordinary shareholders at the
                                                                                  33,045 with resumed voting rights at the            0
period-end
                                                                                           period-end (if any)
                                                           Top 10 shareholders

                                      Nature of      Shareholding                             Restricted
      Name of shareholder                                             Total shares held                         Shares in pledge or frozen
                                     shareholder      percentage                              shares held

CHINA MERCHANTS             PORT
INVESTMENT                          Foreign legal
                                                          59.75%          1,148,648,648 1,148,648,648                                        0
DEVELOPMENT            COMPANY person
LIMITED
CHINA             MERCHANTS
                                    State-owned
GANGTONG DEVELOPMENT                                      19.29%            370,878,000                     0                                0
                                    legal person
(SHENZHEN) CO., LTD.
SHENZHEN
INFRASTRUCTURE
INVESTMENT                          Fund       and
FUND-SHENZHEN                       wealth
                                                           3.37%             64,850,182                     0
INFRASTRUCTURE                      management                                                                                               0

INVESTMENT                  FUND products
PARTNERSHIP             (LIMITED
PARTNERSHIP)
CHINA-AFRICA                        State-owned
                                                           3.33%             64,102,564                     0
DEVELOPMENT FUND                    legal person                                                                                             0

BROADFORD               GLOBAL State-owned
                                                           2.88%             55,314,208                     0                                0
LIMITED                             legal person
CMBLSA            RE         FTIF
                                    Foreign legal
TEMPLETON ASIAN GRW FD                                     0.19%               3,659,487                    0                                0
                                    person
GTI 5496
HONG       KONG    SECURITIES Foreign legal
                                                           0.17%               3,349,154                    0                                0
CLEARING COMPANY LTD.               person
CHINA             MERCHANTS State-owned
                                                           0.14%               2,764,355                    0                                0
SECURITIES (HK) CO., LTD.           legal person
                                    Domestic
MAI SHUQING                         natural                 0.11%              2,129,247                    0                                0
                                    person
ARROWSTREET            EMERGING
                                    Foreign legal
MARKET ALPHA EXTENSION                                     0.10%               1,927,390                    0                                0
                                    person
TRUST FUND
                                                     Top 10 unrestricted shareholders
                                                                                                                     Shares by type
             Name of shareholder                                   Unrestricted shares held
                                                                                                                   Type            Shares


                                                                      7
     China Merchants Port Group Co., Ltd.                                                     The Report for the First Quarter of 2021

CHINA        MERCHANTS            GANGTONG                                                               RMB-denominated
                                                                                        370,878,000                             370,878,000
DEVELOPMENT (SHENZHEN) CO., LTD.                                                                         ordinary stock
SHENZHEN                  INFRASTRUCTURE
INVESTMENT                 FUND-SHENZHEN                                                                 RMB-denominated
                                                                                         64,850,182                              64,850,182
INFRASTRUCTURE INVESTMENT FUND                                                                           ordinary stock
PARTNERSHIP (LIMITED PARTNERSHIP)
                                                                                                         RMB-denominated
CHINA-AFRICA DEVELOPMENT FUND                                                            64,102,564                              64,102,564
                                                                                                         ordinary stock
                                                                                                         Domestically
BROADFORD GLOBAL LIMITED                                                                 55,314,208                              55,314,208
                                                                                                         listed foreign stock
CMBLSA RE FTIF TEMPLETON ASIAN                                                                           Domestically
                                                                                           3,659,487                              3,659,487
GRW FD GTI 5496                                                                                          listed foreign stock
HONG     KONG        SECURITIES   CLEARING                                                               RMB-denominated
                                                                                           3,349,154                              3,349,154
COMPANY LTD.                                                                                             ordinary stock
CHINA MERCHANTS SECURITIES (HK)                                                                          Domestically
                                                                                           2,764,355                              2,764,355
CO., LTD.                                                                                                listed foreign stock
                                                                                                         RMB-denominated
MAI SHUQING                                                                                2,129,247                              2,129,247
                                                                                                         ordinary stock
ARROWSTREET           EMERGING      MARKET                                                               Domestically
                                                                                           1,927,390                              1,927,390
ALPHA EXTENSION TRUST FUND                                                                               listed foreign stock
                                                                                                         Domestically
NORGES BANK                                                                                1,722,982                              1,722,982
                                                                                                         listed foreign stock
                                                 China    Merchants     Gangtong     Development         (Shenzhen)     Co.,    Ltd.   is   a
                                                 majority-owned subsidiary of Broadford Global Limited. Broadford Global
Related or acting-in-concert parties among the
                                                 Limited is the controlling shareholder of China Merchants Port Investment
shareholders above
                                                 Development Company Limited. The Company does not know whether the other
                                                 unrestricted shareholders are related parties or not.
Top 10 shareholders involved in securities
                                                                                          N/A
margin trading (if any)
Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted
ordinary shareholders of the Company conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.

2. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable




                                                                  8
     China Merchants Port Group Co., Ltd.                                             The Report for the First Quarter of 2021



                                       Part III Significant Events

I Changes in Key Financial Statement Line Items and Their Explanation


                                                                                                                     Unit: RMB

              Item             31 March 2021        1 January 2021      Change                 Explanation of changes

                                                                                   Repayment of mature loans in the current
Cash and bank balances          10,160,143,564.88   11,918,423,758.71    -14.75%
                                                                                   period

Held-for-trading financial                                                         Maturity of structured deposits in the current
                                       180,714.42      850,165,448.59    -99.98%
assets                                                                             period
                                                                                   Recognition of 2020 dividends receivable
Other receivables                3,865,304,696.32    3,561,292,313.98      8.54% from associates and joint ventures in the
                                                                                   current period
Non-current assets due                                                             Recovery of long-term receivables due within
                                    18,131,636.53       67,692,473.44    -73.21%
within one year                                                                    one year upon maturity
                                                                                   Repayment of borrowings from the Financial
Short-term borrowings            6,276,256,293.11   10,483,775,548.93    -40.13%
                                                                                   Company upon maturity in the current period
                                                                                   New      short-term     financings    used      for
Other current liabilities        3,178,989,371.10    2,383,668,985.94     33.37% supplementing working capital in the current
                                                                                   period

                Item                 Q1 2021             Q1 2020        Change                      Explanation of changes

Operating income                 3,574,128,378.48    2,903,610,633.29     23.09% Year-on-year increase in business volume

                                                                                   Year-on-year decrease in the balance of
                                                                                   interest-bearing liabilities and the costs of
Finance expenses                   374,381,231.90      536,852,222.03    -30.26%
                                                                                   capital, as well as exchange rate fluctuations
                                                                                   in the current period
                                                                                   Year-on-year increase in the share of profits of
Investment income                1,041,036,342.43      660,216,031.98     57.68%
                                                                                   associates and joint ventures
                                                                                   Increase in deferred income tax liabilities as a
                                                                                   result of a year-on-year increase in dividend
Income tax expenses                265,348,021.64      170,459,172.82     55.67% tax provisions and a year-on-year decrease in
                                                                                   losses on the fair value of equities held in the
                                                                                   current period
                                                                                   Year-on-year increase in dividend income
Cash receipts from
                                 1,083,443,879.50      211,664,358.76    411.87% from associates and joint ventures in the
investments income
                                                                                   current period
                                                                                   Payment for the Tranche 1 of mandatory
Cash payments to acquire
                                   977,561,289.86    2,746,841,398.03    -64.41% convertible bonds of Terminal Link S.A. in
investments
                                                                                   the same period of last year, with no


                                                              9
     China Merchants Port Group Co., Ltd.                                          The Report for the First Quarter of 2021

                                                                                 comparable payment in the current period

                                                                                 Payment for the Tranche 1 loan of Terminal
Other cash payments relating
                                     5,967,866.95   3,792,979,774.69   -99.84% Link S.A. in the same period of last year, with
to investing activities
                                                                                 no comparable payment in the current period
Cash receipts from                                                               Year-on-year decrease in short-term
                                 4,513,459,100.62   8,281,485,148.10   -45.50%
borrowings                                                                       borrowings obtained in the current period
Cash repayments of                                                               Year-on-year increase in repayments of
                                 7,886,158,730.55   3,167,336,858.98   148.98%
borrowings                                                                       matured debts
                                                                                 Payment for purchasing 10% of equity in TCP
Other cash payments relating                                                     Participaes S.A. in the same period of last
                                     1,760,847.73    447,602,677.41    -99.61%
to financing activities                                                          year, with no comparable payment in the
                                                                                 current period



II Progress, Influence and Solutions with regard to Significant Events

1. Stock Option Incentive Plan

The Company is implementing the stock option incentive plan, and the review and approval
procedures carried out in connection with the Stock Option Incentive Plan are as follows:
(1) At the 2nd Meeting of the Nomination, Remuneration and Appraisal Committee of the 9th Board
of Directors in 2019 held on 10 October 2019, the following proposals were considered and
approved, including Stock Option Incentive Plan of CMPort (Draft) (hereinafter referred to as the
“Stock Option Incentive Plan (Draft)”) and its summary, the Stock Option Incentive Plan of
CMPort (Phase I) (Draft) (hereinafter referred to as the “Stock Option Incentive Plan (Phase I)
(Draft)”) and its summary, Management Measures for the Stock Option Incentive Plan of CMPort
(hereinafter referred to as the “Management Measures for the Stock Option Incentive Plan”),
Appraisal Measures for Implementing the Stock Option Incentive Plan and Implementation
Appraisal Measures of Stock Option Incentive Plan by China Merchants Port Group Co., Ltd.
(hereinafter referred to as “Implementation Appraisal Measures of Stock Option Incentive Plan”).
(2) At the 9th Extraordinary Meeting of the 9th Board of Directors in 2019 held on 11 October 2019,
the following proposals were reviewed and approved, including Stock Option Incentive Plan (Draft)
and its summary, Stock Option Incentive Plan (Phase I) (Draft) and its summary, Management
Measures for the Stock Option Incentive Plan, Implementation Appraisal Measures of Stock Option
Incentive Plan, and Proposal on Requesting the General Meeting to Authorize the Board of


                                                            10
    China Merchants Port Group Co., Ltd.                            The Report for the First Quarter of 2021

Directors to Go Through Share Incentive Procedures, and independent directors expressed
independent opinions that agreed these proposals. At the 2 nd Extraordinary Meeting of the 9th
Supervisory Committee in 2019 held on the same day, the following proposals were reviewed and
approved, including Stock Option Incentive Plan (Draft) and its summary, Stock Option Incentive
Plan (Phase I) (Draft) and its summary, Management Measures for the Stock Option Incentive Plan,
and Implementation Appraisal Measures of Stock Option Incentive Plan, and the List of Incentive
Objects under the Stock Option Incentive Plan (Phase I) was reviewed with opinions expressed.
Refer to the relevant announcements (Announcement No. 2019-069, No. 2019-070) disclosed on
www.cninfo.com.cn for details.
(3) On 3 January 2020, the Company received Approval on the Implementation of Stock Option
Incentive Plan of CMPort (GZKF [2019] No. 748) issued by the State-owned Assets Supervision
and Administration Commission of the State Council from China Merchants Group, the actual
controller of the Company. In principle, approval was given to the Company for its implementation
of the Stock Option Incentive Plan and performance appraisal goals under the Plan. Refer to the
relevant announcement (Announcement No. 2020-001) disclosed on www.cninfo.com.cn for
details.
(4) At the 1st Extraordinary Meeting of the 9th Board of Directors in 2020 held on 9 January 2020,
Stock Option Incentive Plan (Phase I) (Revised Draft) and its summary were reviewed and
approved, and independent directors expressed independent opinions that agreed the proposal. At
the 1st Extraordinary Meeting of the 9th Supervisory Committee in 2020 held on the same day, Stock
Option Incentive Plan (Phase I) (Revised Draft) and its summary were reviewed and approved and
List of Incentive objects under the Stock Option Incentive Plan (Phase I) (After Adjustment) was
reviewed with opinions expressed. Refer to the relevant announcements (Announcement No.
2020-002, No. 2020-003, No. 2020-004) disclosed on www.cninfo.com.cn for details.
(5) On 20 January 2020, the Company disclosed the Announcement on Notes of the Supervisory
Committee on the Review and Publicity of the List of Incentive Objects under the Stock Option
Incentive Plan (Phase I). The Supervisory Committee reviewed the list of incentive objects for the
first grant. The Company published the names and positions of the incentive objects for the first
grant of the stock option in its internal OA system from 10 January to 19 January 2020. By the end


                                                  11
    China Merchants Port Group Co., Ltd.                             The Report for the First Quarter of 2021

of the publicity, the Company’s Supervisory Committee had not received any objection against the
incentive objects for the first grant. Refer to the relevant announcement (Announcement No.
2020-009) disclosed on www.cninfo.com.cn for details.
(6) At the 1st Extraordinary General Meeting of 2020 held on 3 February 2020, the following
proposals were considered and approved, including Stock Option Incentive Plan (Draft) and its
summary, Stock Option Incentive Plan (Phase I) (Revised Draft) and its summary, Management
Measures for the Stock Option Incentive Plan, Implementation Appraisal Measures of Stock Option
Incentive Plan, and Proposal on Requesting the General Meeting to Authorize the Board of
Directors to Go Through Share Incentive Procedures. The Company’s Stock Option Incentive Plan
was approved and the Board of Directors was authorized to determine the grant date, grant stock
option to the incentive objects when they meet the conditions and go through all procedures
required for the grant. On the same day, the Company disclosed Self-inspection Report on the
Trading of the Company’s Shares by Insiders and Incentive Objects of the Stock Option Incentive
Plan (Phase I) according to its verification of the trading engaged by the insiders and incentive
objects. Refer to the relevant announcement (Announcement No. 2020-011) disclosed on
www.cninfo.com.cn for details.
(7) At the 2nd Extraordinary Meeting of the 9th Board of Directors in 2020 and the 2nd Extraordinary
Meeting of the 9th Supervisory Committee in 2020 held on 3 February 2020, the Proposal on the
Grant of Stock Option (the First Grant) to Incentive Objects of the Stock Option Incentive Plan of
the Company was considered and approved respectively. The Company’s Board of Supervisors
reviewed the list of incentive objects under the Stock Option Incentive Plan (Phase I) on the grant
date and expressed opinions, and independent directors expressed independent opinions that agreed
the proposal. Refer to the relevant announcements (Announcement No. 2020-012, No. 2020-013,
No. 2020-014) disclosed on www.cninfo.com.cn for details.
(8) On 14 March 2020, the Company has completed registration for the grant of stock option (the
first grant) under the Stock Option Incentive Plan (Phase I). Refer to the Announcement on
Completion of the Grant of Stock Option (the First Grant) under the Stock Option Incentive Plan
(Phase I) of the Company (Announcement No. 2020-020) disclosed on www.cninfo.com.cn for
details.


                                                  12
      China Merchants Port Group Co., Ltd.                                    The Report for the First Quarter of 2021

(9) At the 1st Extraordinary Meeting of the 10th Board of Directors in 2021 and the 1st Extraordinary
Meeting of the 10th Supervisory Committee in 2021 held on 29 January 2021, the Proposal on
Adjusting the Exercise Price of the First Grant under the Stock Option Incentive Plan (Phase I) and
the Proposal on the Grant of Stock Option (the Reserved) to Incentive Objects of the Stock Option
Incentive Plan (Phase I) of the Company were considered and approved respectively. The
Supervisory Committee reviewed the list of incentive objects for the reserved stock options under
the Stock Option Incentive Plan (Phase I) on the grant date, and independent directors expressed
independent opinions that agreed the proposals. Refer to the relevant announcements
(Announcement No. 2021-007, No. 2021-008) disclosed on www.cninfo.com.cn for details.
(10) On 9 February 2021, the Company disclosed the Announcement on Notes of the Supervisory
Committee on the Review and Publicity of the List of Incentive Objects for the Reservation under
the Stock Option Incentive Plan (Phase I) (Announcement No. 2021-009). The Company published
the names and positions of the incentive objects for reserved stock options in its internal OA system
from 29 January 2021 to 8 February 2021. By the end of the publicity, the Company’s Supervisory
Committee had not received any objection against the incentive objects for reserved stock options.
Refer      to    the    relevant      announcement    (Announcement     No.       2021-009)       disclosed       on
www.cninfo.com.cn for details.

(11) 5 March 2021, the Company has completed registration for the grant of stock option (the

reserved) under the Stock Option Incentive Plan (Phase I). Refer to the Announcement on

Completion of the Grant of Stock Option (the Reserved) under the Stock Option Incentive Plan

(Phase I) of the Company (Announcement No. 2021-013) disclosed on www.cninfo.com.cn for

details.

2. Information Disclosure Index

In the Reporting Period, the significant matters disclosed in Securities Time, Shanghai Securities

News, Ta Kung Pao and www.cninfo.com.cn are as follows:
       Announcement
 No.                              Date                                    Title
           No.
                                              Announcement on Voluntary Information Disclosure of Business
  1        2021-001         16 January 2021
                                              Volume Data of December 2020


                                                          13
     China Merchants Port Group Co., Ltd.                                       The Report for the First Quarter of 2021

                                             Announcement on Resignation of Vice GM & Secretary of the Board
2         2021-002         16 January 2021
                                             and Vice GM as Acting Secretary of the Board
                                             Reminder of the Issuance of 2021 Phase I Super-short-term Financing
3         2021-003         21 January 2021
                                             Bonds
                                             Announcement on Issued Result of 2021 Phase I Super-short-term
4         2021-004         26 January 2021
                                             Financing Bonds
                                             Announcement on Resolutions of the 1st Special Meeting of the 10th
5         2021-005         30 January 2021
                                             Board of Directors in 2021
                                             Announcement on Resolutions of the 1st Special Meeting of the 10th
6         2021-006         30 January 2021
                                             Supervisory Committee in 2021
                                             Announcement on Adjusting the Exercise Price of the First Grant
7         2021-007         30 January 2021
                                             under the Stock Option Incentive Plan (Phase I)
                                             Announcement on the Grant of Stock Option (the Reserved) to
8         2021-008         30 January 2021   Incentive Objects of the Stock Option Incentive Plan (Phase I) of the
                                             Company
                                             Announcement on Notes of the Supervisory Committee on the
9         2021-009         9 February 2021   Review and Publicity of the List of Incentive Objects for the
                                             Reservation under the Stock Option Incentive Plan (Phase I)
                                             Announcement on Voluntary Information Disclosure of Business
10        2021-010        19 February 2021
                                             Volume Data of January 2021
                                             Redemption of 2020 Phase III Super-short-term Financing Bonds at
11        2021-011          3 March 2021
                                             Maturity
12        2021-012          6 March 2021     Announcement on Resignation of Director
                                             Announcement on Completion of the Grant of Stock Option (the
13        2021-013          6 March 2021     Reserved) under the Stock Option Incentive Plan (Phase I) of the
                                             Company
                                             Announcement on Voluntary Information Disclosure of Business
14        2021-014         16 March 2021
                                             Volume Data of February 2021
                                             Reminder of the Issuance of 2021 Phase II Super-short-term
15        2021-015         19 March 2021
                                             Financing Bonds
                                             Announcement on Issued Result of 2021 Phase II Super-short-term
16        2021-016         24 March 2021
                                             Financing Bonds
                                             Announcement on Resolutions of the 3 rd Meeting of the 10th Board of
17        2021-017         31 March 2021
                                             Directors
                                             Announcement on Resolutions of the 3rd Meeting of the 10th
18        2021-018         31 March 2021
                                             Supervisory Committee
19        2021-019         31 March 2021     Announcement on 2020 Profit Distribution Plan

20        2021-020         31 March 2021     Abstract of Annual Report of 2020 (Chinese and English Versions)
                                             Announcement on the Confirmation of the Continuing Related-Party
21        2021-021         31 March 2021
                                             Transactions in 2020 and the Estimation of Such Transactions in 2021
22        2021-022         31 March 2021     Announcement on the Related-Party Transaction Regarding Making


                                                          14
             China Merchants Port Group Co., Ltd.                                                                       The Report for the First Quarter of 2021

                                                                Deposits in and Obtaining Loans from China Merchants Bank in 2021

                                                                Announcement on the External Guarantee Progress of the Company
        23        2021-023           31 March 2021              in 2020 and the Expected New External Guarantee Line in the Next
                                                                12 Months
                                                                Special Report of the Deposit and Use of Annual Raised Funds in
        24        2021-024           31 March 2021
                                                                2020
        25        2021-025           31 March 2021              Announcement on Reappointment of Accounting Firm in 2021

        26        2021-026           31 March 2021              Announcement on By-Election of Director
                                                                Announcement on the Disclosure of the 2020 Annual Results by a
        27        2021-027           31 March 2021
                                                                Majority-Owned Subsidiary
                                                                Announcement on the Online Investor Communication on the 2020
        28        2021-028           31 March 2021
                                                                Annual Results to Be Held

  Progress of any share repurchase:

  □ Applicable √ Not applicable

  Progress of any reduction of the repurchased shares through centralized bidding:

  □ Applicable √ Not applicable


  III Commitments that the Company’s Actual Controller, Shareholders, Related
  Parties, Acquirers, the Company Itself or Other Parties, Failed to Fulfill on
  Time during the Reporting Period

  □ Applicable √ Not applicable

  No such cases in the Reporting Period.


  IV Financial Investments

  1. Securities Investments
                                                                                                                                                              Unit: RMB
                                                                                                                  Purch               Gain/
                                                                                                                            Sold
                                                  Account                                        Cumulative       ased                 loss
Variet                                                                       Gain/loss on fair                              in the                                        Capit
                                                    ing                                          fair value       in the              in the
 y of    Code of     Name of Initial investment               Beginning      value changes in                               Repor               Ending carrying Account    al
                                                  measure                                         changes         Repor               Repor
securi securities securities         cost                   carrying value    the Reporting                                 ting                    value       ing item resou
                                                   ment                                           recorded        ting                ting
 ties                                                                             Period                                    Perio                                         rces
                                                  model                                          into equity      Perio               Perio
                                                                                                                              d
                                                                                                                    d                   d

Stock        06198   Qingdao     124,405,138.80    Fair     166,225,139.77      -1,033,282.81                 0         0         0         0    164,928,907.75 Held-fo Self-o


                                                                                   15
        China Merchants Port Group Co., Ltd.                                                            The Report for the First Quarter of 2021

                    Port                       value                                                                                        r-tradin wned

                                               method                                                                                       g

                                                                                                                                            financia

                                                                                                                                            l assets

                                                                                                                                            Held-fo

                                                Fair                                                                                        r-tradin
                  Qingdao                                                                                                                              Self-o
Stock   601298                331,404,250.30 value      720,160,000.00   61,600,000.00           0      0      0      0    781,760,000.00 g
                    Port                                                                                                                               wned
                                               method                                                                                       financia

                                                                                                                                            l assets

                                                                                                                                            Investm

                                                                                                                                            ents in
                   Jiangsu                      Fair
                                                                                                                                            other      Self-o
Stock   600377    Expresswa     1,120,000.00 value       10,786,800.00              0    555,000.00     0      0      0     11,526,800.00
                                                                                                                                            equity     wned
                      y                        method
                                                                                                                                            instrum

                                                                                                                                            ents

                                                                                                                                            Investm

                                                                                                                                            ents in
                                                Fair
                  Petrochem                                                                                                                 other      Self-o
Stock   400032                  3,500,000.00 value         382,200.00               0            0      0      0      0       382,200.00
                   ical A1                                                                                                                  equity     wned
                                               method
                                                                                                                                            instrum

                                                                                                                                            ents

                                                                                                                                            Investm

                                                                                                                                            ents in
                                                Fair
                   Guang                                                                                                                    other      Self-o
Stock   400009                     27,500.00 value           17,000.00              0            0      0      0      0         17,000.00
                    Jian 1                                                                                                                  equity     wned
                                               method
                                                                                                                                            instrum

                                                                                                                                            ents

          Total               460,456,889.10     --     897,571,139.77   60,566,717.19   555,000.00   0.00   0.00   0.00   958,614,907.75       --       --



  2. Investments in Derivative Financial Instruments

  □ Applicable √ Not applicable

  No such cases in the Reporting Period.

  V Progress of Projects Financed with Raised Funds

  1. Funds Raised through Private Placement of Shares

  Pursuant to the Reply of China Securities Regulatory Commission on the Approval of Shenzhen

  Chiwan Wharf Holdings Limited Offering Shares to China Merchants Investment Development

  Company Limited for Asset Acquisition and Raising the Matching Funds (ZJXK [2018] No. 1750)

                                                                            16
    China Merchants Port Group Co., Ltd.                             The Report for the First Quarter of 2021


dated 31 October 2018, the Company issued, in a private placement, a total of 128,952,746 shares

of RMB-denominated ordinary shares (A-shares) to two entities including China-Africa

Development Fund at RMB17.16/share, raising a total of RMB2,212,829,121.36 (with the net

amount after deducting issuance costs being RMB2,185,997,340.15). Following the arrival of the

aforesaid funds, BDO China Shu Lun Pan Certified Public Accountants LLP issued a Capital

Verification Report (XKSBZ [2019] No. ZI10673).

As of 31 March 2021, a total of RMB6,868,288,448.85 of raised funds have been used, including:

(1) RMB582,722,414.48 as the replacement for the self-financings that had been in advance input

into project to be financed by raised funds; (2) RMB828,734,253.16 (after the arrival of the raised

funds) for the Haixing Harbor Renovation Project (Phase II), with RMB324,533,139.29 in 2019,

RMB424,734,590.46 in 2020, and RMB79,466,523.41 in Q1 2021; (3) RMB26,831,781.21 as

issuance costs; (4) RMB4,630,000,000.00 was used for purchasing structured deposits, including

RMB1,200,000,000.00 in 2019, RMB2,650,000,000.00 in 2020, and RMB780,000,000.00 in Q1

2021; and (5) RMB800,000,000.00 was used for purchasing seven-day notice deposits, including

RMB800,000,000.00 in Q1 2021.

As of 31 March 2021, the interest income in the account of raised funds during Q1 2021 minus

service charges stood at RMB94,383.71. The income from structured deposits during Q1 2021

stood at RMB4,062,794.52. The income from seven-day notice deposits during Q1 2021 stood at

RMB33,750.00. Therefore, as of 31 March 2021, the balance in the account of raised funds

amounted to RMB809,511,260.98. The use and balance of the raised funds are as follows:

                                                                                             Unit: RMB
                               Item                                      Amount
Opening balance of raised funds (1 January 2021)                                          884,786,856.16
   Less: raised funds that were directly used for project to be
                                                                                           79,466,523.41
financed by raised funds in Q1 2021
  Add: Income from structured deposits in Q1 2021                                            4,062,794.52

        Income from seven-day notice deposits in Q1 2021                                        33,750.00
       Net interest income from raised funds in Q1 2021                                         94,383.71


                                                            17
   China Merchants Port Group Co., Ltd.                              The Report for the First Quarter of 2021

Closing balance of raised funds (31 March 2021)                                           809,511,260.98


2. Funds Raised through Corporate Bonds

On 7 July 2020, the Company issued RMB 2 billion of corporate bonds at the Shenzhen Stock

Exchange, with a coupon rate of 3.36% and a term of three years. The funds raised would be used to

acquire 1,606,855,919 ordinary shares in Zhanjiang Port (accounting for 27.3544% of Zhanjiang

Port’s total issued shares) from the issuer’s wholly-owned subsidiary Chiwan Wharf Holdings

(Hong Kong) Limited. As of 31 March 2021, the handover of the said equity interests has been

completed.

VI Operating Performance Forecast for January-June 2021

Warning of a forecast loss on or a forecast significant year-on-year change in the accumulative net

profit from the beginning of the year to the end of the next reporting period, as well as their

explanation.

□ Applicable √ Not applicable

VII Significant Contracts Arising from the Company’s Ordinary Course of

Business

□ Applicable √ Not applicable

VIII Cash Entrusted for Wealth Management

□ Applicable √ Not applicable

No such cases in the Reporting Period.

IX Irregularities in the Provision of Guarantees

□ Applicable √ Not applicable

No such cases in the Reporting Period.

X Occupation of the Company’s Capital by the Controlling Shareholder or any

of Its Related Parties for Non-Operating Purposes

□ Applicable √ Not applicable

                                                  18
    China Merchants Port Group Co., Ltd.                                        The Report for the First Quarter of 2021


No such cases in the Reporting Period.

XI Communications with the Investment Community such as Researches,

Inquiries and Interviews Received during the Reporting Period
                                               Type of
                                    Way of                                                          Index to basic
                                              communi
       Date            Place     communicatio                    Communication party                information of
                                                cation
                                      n                                                               researches
                                                party
                    China
                    Merchants One-on-one
22 January 2021                               Institution Orient Securities
                    Port      meeting
                    Building
                                                        Changjiang Securities, CICC,
                                                        Industrial Securities, Guotai Junan
                                                        Securities, CMS, Guosen Securities,
                                                        Golden Eagle Fund, Ping An
                                                                                                Basic        business
                                                        Capital, Hwabao WP Fund
                                                                                                condition,
                                                        Management Co., Ltd., Yinhua
                    China                                                                       investments and the
                                                        Fund, CICC Capital Management,
                    Merchants Teleconferenc                                                     financial condition
31 March 2021                               Institution Green Court Capital Management
                    Port      ing                                                               of the Company;
                                                        Limited, HighGear Capital,
                    Building                                                                    Materials provided:
                                                        Fangyuan Tiancheng Asset
                                                                                                Corporate
                                                        Management, Rongyuan Dingfeng
                                                                                                Information;
                                                        Asset, Panpei Investment, Honghu
                                                                                                Index: SZSE EasyIR
                                                        Venture Capital, Yong An
                                                                                                (http://irm.cninfo.co
                                                        Insurance, Beijing Yingtian
                                                                                                m.cn/ircs/index)
                                                        Puruiming Investment
                            By phone, or
                            written
                  China
                            inquiry (the
1 January 2021 to Merchants
                            EasyIR       Individual -
31 March 2021     Port
                            platform of
                  Building
                            SZSE or
                            email)
Times of communications                                                                                    22
Number of institutions communicated with                                                                   20
Number of individuals communicated with                                                                    20
Number of other communication parties                                                                      0
Tip-offs or leakages of substantial confidential information during the communications                    No




                                                          19
   China Merchants Port Group Co., Ltd.                                The Report for the First Quarter of 2021


XIII Deposits in and Loans Provided by a Finance Company


The Proposal on Signing Financial Service Agreement with Sinotrans & CSC Finance Co., Ltd. was

reviewed and approved on the 2nd Meeting of the 9th Board of Directors held by the Company on 23

August 2017, in which, the Company was agreed to signed the Financial Service Agreement with

Sinotrans & CSC Finance Co., Ltd. (renamed China Merchants Group Finance Co., Ltd. from

August 2017) with the period of three years.

The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement to

Financial Service Agreement with China Merchants Group Finance Co., Ltd and the Related-party

Transactions was reviewed and approved on the 5th Meeting of the 9th Board of Directors held by

the Company on 28 March 2019, in which, the Company was agreed to signed Supplementary

Agreement to Financial Service Agreement with China Merchants Group Finance Co., Ltd.

The Proposal on Adjusting Limit of Deposits and Loans and Signing Supplementary Agreement II

to Financial Service Agreement with China Merchants Group Finance Co., Ltd and the

Related-party Transactions was reviewed and approved on the 4th Extraordinary General Meeting of

2019 held by the Company on 11 December 2019, in which, the Company was agreed to signed

Supplementary Agreement II to Financial Service Agreement with China Merchants Group Finance

Co., Ltd.

By the end of the Reporting Period, deposits in and loans provided by China Merchants Group

Finance Co., Ltd. were as follows:

                                                                                       Unit: RMB’0,000
                                               Beginning                                        Ending
                      Item                                  Increase         Decrease
                                                balance                                         balance
 I. Deposits in China Merchants Group          156,892.42   509,394.39       467,334.49        198,952.31
 Finance Co., Ltd.
 II. Loans provided by China Merchants         318,498.34   125,280.37       284,598.26        159,180.45
 Group Finance Co., Ltd.




                                                    20
China Merchants Port Group Co., Ltd.                  The Report for the First Quarter of 2021




                                                     The Board of Directors

                                            China Merchants Port Group Co., Ltd.

                                                          30 April 2021




                                       21