China Merchants Port : VOLUNTARY ANNOUNCEMENT – ANNUAL REPORT OF THE SUBSTANTIAL SHAREHOLDER CHINA MERCHANTS PORT GROUP CO., LTD. FO...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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

(Stock Code: 00144)

VOLUNTARY ANNOUNCEMENT

ANNUAL REPORT OF THE SUBSTANTIAL SHAREHOLDER

CHINA MERCHANTS PORT GROUP CO., LTD.

FOR THE YEAR ENDED 31 DECEMBER 2021

This announcement is made by China Merchants Port Holdings Company Limited (the "Company", together with its subsidiaries the "Group") on a voluntary basis.

China Merchants Port Group Co., Ltd. ("CMPG") is a substantial shareholder of the Company whose A shares and B shares are listed on the Shenzhen Stock Exchange. As at the date of this announcement, CMPG is interested in approximately 43.18% of the total issued shares of the Company.

Pursuant to the relevant listing rules of the Shenzhen Stock Exchange, CMPG is required to publish its annual report for the year ended 31 December 2021 (the "CMPG Annual Report") which may contain financial information and certain operating statistics about the operations of the Group.

On 30 March 2022, CMPG released the CMPG Annual Report, details of which are appended to this announcement. The CMPG Annual Report is also available in the public domain (www.cninfo.com.cn).

−1−

Shareholders and potential investors should note that the CMPG Annual Report has been prepared in accordance with the Auditing Standards for Chinese Certified Public Accountants which are different from the accounting standards the Company adopts to prepare and present its financial information. Public investors are hereby reminded of the risks which may result from inappropriate reliance upon the relevant information. Holders of securities issued by the Company and the public investors should exercise caution when dealing in the securities of the Company.

By Order of the Board

China Merchants Port Holdings Company Limited

Deng Renjie

Chairman

Hong Kong, 30 March 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.

−2−

CHINA MERCHANTS PORT GROUP CO., LTD.

ANNUAL REPORT 2021

Date of disclosure: 31 March 2022

China Merchants Port Group Co., Ltd.

Annual Report 2021

Chairman's Statement

Dear shareholders,

I hereby present to you the annual report of China Merchants Port Group Co., Ltd. and its subsidiaries (the "Company") for the year ended 31 December 2021. On behalf of the Board, I would like to express my sincere gratitude to all of you for your long-term support to the Company.

The Company is a crucial vehicle for CMG to implement the "Belt and Road" Initiative promoted by China and the strategy of Guangdong-Hong Kong-Macao Greater Bay Area. Serving not only as the core enterprise of China Merchants Group's port sector, the Company is also the capital operation and management platform for the group's global port assets, hence playing a key role in the consolidation and synergistic development of CMG's port assets. The Company has become a world-leading port investor, developer and operator.

Looking ahead, by seizing the important opportunities arising from implementing major national strategies, apply a new vision of development and implement high-quality development requirements, the Company will take actions and strive to become a world-class comprehensive port service provider. While actively innovating the service model with a focus on core port businesses and promoting the construction of "Intelligent Port" ecosystem under the guidance of technology innovation, it will proactively take part in international port investment, development and operation, so as to optimize the port network system on a continuous basis. By offering top-notch service solutions, it will become customers' first choice of partner for cooperation, creating greater value for the Company, enhancing return for shareholders and contributing to building a more stable, reliable and secure supply chain.

Review for the year

In 2021, COVID-19 situation around the world was complex and severe. Benefiting from the accelerated vaccination process, loose monetary policy and continued active fiscal policy, the global economy, especially of major economies, was generally showing a recovery trend. However, repeated outbreak of the pandemic and discrepancy in national policy response against the pandemic have caused divergence in the economic recovery of different countries. Under the multiple impacts of inflation, supply chain disruption, complicated geopolitics, and exchange rate fluctuations, along with other uncertainties, the Company's daily operation and management faced certain challenges. Confronted with a grave and complex external environment, the Company adhered to the strategic principle of "leveraging on its long-term strategy, tapping the current edges, driving through technology and embracing changes". Apart from coping with challenges proactively as the COVID-19 pandemic spread, it pursued various key construction projects in a steady manner, including the pandemic prevention and control, development of leading ports, innovative development, overseas expansion and comprehensive development, and successfully accomplished its strategic goals and various operational objectives of the year.

1

China Merchants Port Group Co., Ltd.

Annual Report 2021

In terms of port operation, the container port business delivered a container throughput totaled 136.394 million twenty-foot equivalent units (TEUs) in 2021, up 12.0% year-on-year. Looking into the regional performance, container throughput handled by the Company's ports in Mainland China totaled 95.138 million TEUs, up 10.9% year-on-year. Ports in Hong Kong and Taiwan handled a combined container throughput of 7.684 million TEUs, up 7.4% year-on-year, while overseas port projects handled a total container throughput of 33.572 million TEUs, up 16.3% year-on-year, mainly because the business volume of eight terminals which Terminal Link SAS(TL)newly acquired was included in the statistics in April 2020 and the business growth of Lomé Container Terminal S.A. (LCT) in Togo and TCP Participações S.A. (TCP) in Brazil. In terms of bulk cargo volume, the Company's ports in Mainland China handled a total bulk cargo volume of 607 million tons, up 35.3% year-on-year, mainly due to the merger of Yingkou Port by the shareholding company Dalian Port, the whole changed to Liaoning Port Co., Ltd and the Company will include the business volume of Yingkou Port into the statistics since February 2021; the overseas port handled a total bulk cargo volume of 6.21 million tons, up 6.5% year-on-year, mainly due to the business increase of HIPG in Sri Lanka. Among the major ports, container throughput handled in West Shenzhen Port Zone in China was 12.834 million TEUs, up 8.4% year- on-year; bulk cargo volume handled by it increased by 7.9% year-on-year to 19.504 million tons. SIPG handled a container throughput of 47.032 million TEUs, representing a year-on-year increase of 8.1%; bulk cargo volume handled by it increased by 8.9% year-on-year to 82.388 million tons. For overseas projects, CICT in Sri Lanka delivered a year-on-year growth of 4.4% by handling a container throughput of 3.060 million TEUs; bulk cargo volume handled by HIPG in Sri Lanka increased by 25.6% year-on-year to 1.555 million tons. LCT in Togo handled a container throughput of 1.626 million TEUs, representing a growth of 19.2% year-on-year. Kumport in Turkey handled a container throughput of 1.248 million TEUs, representing an increase of 2.5% year-on-year; bulk cargo volume handled by it increased by 62.1% year-on-year to 0.107 million tons. TCP in Brazil handled a container throughput of 1.101 million TEUs, representing a year-on-year increase of 12.0%. Terminal Link SAS (TL) handled a container throughput of 25.523 million TEUs in the year, up 20.3% year-on-year.

In terms of key priorities, firstly, the Company simultaneously focused on the prevention and control of the pandemic as well as the production and operation. The Company adhered to "enhancing the sense of responsibility, guarding the gate for the country, and keeping the first line of defense for foreign input", worked to ensure constant vigilance against the pandemic, made unremitting efforts in prevention and control work and scientifically implemented ongoing targeted control. At the same time, new achievements in production and operation have been achieved, the Company's operating income and recurrent operating profits both set a new record. Secondly, the development of leading ports has been advanced to a new stage. The West Shenzhen homebase port saw a net addition of 35 new routes, the regionally leading ports Zhanjiang Port and Shantou Port have greatly improved their capacity, and the business volumes of two overseas homebase ports in Sri Lanka have both made breakthroughs. TCP in Brazil has entered the Million TEU Terminal Club in Brazil for the first time. Thirdly, new results in innovation and development have been achieved. The Company actively explored model innovation, built an innovation-driven development platform, and cooperated closely with relevant entities to jointly build demonstration ports of international hydrogen energy industry; actively accelerated industrial digitization and established a smart port technology innovation laboratory; continued to promote the construction of Mawan Intelligent Port which passed the completion acceptance and officially put into operation at the end of June 2021; the number of port

2