CHINA MERCHANTS BANK CO., LTD.
                                    H               03968




         2022 12         28
       2023 1 1                 2025     12   31

                                                        2023      2025

0.1%       5%
                                              14A




        2019    12   3                                                          2022   12   31

                                          2022     12    28
                                2023      1 1              2025      12    31




                                                               55%        45%




   100%                                 29.97%
                                                          44.17%

                              14A


                                              1
2022     12       28

(a)

(b)

  2023        1    1   2025   12   31




                         2
2019   12     3                                      2020   2022
                           14                16             18
2021   12     31                2022   9    30
                                                  12.27            11.64
            9.31
2023        2025                                                           15
                 18        22




                                     2023         2025
       15             18           22




                                 55%




                                   3
(1)




(2)




(3)




(4)




                               (i)
            (ii)
                       (iii)


      14A.68(8)




                   4
                               2023       2025
                                                 0.1%
         5%
              14A




                                      A
     H


                                                 2002
12       27         13.1




                           5
                     2022   12   28




2022   12   28




                 6