Stock Code: 001872/201872 Stock Abbreviation: China Merchants Port/China Merchants Port B China Merchants Port Group Co., Ltd. 2025 Board of Directors Work Report In 2025, China Merchants Port Group Co., Ltd. (hereinafter referred to as "the Company") adhered to the general principle of seeking progress while maintaining stability, aimed at becoming a "world-class integrated port service provider," and made every effort to promote reform, innovation, and development. Overall operations showed a positive trend of "steady progress and improved quality." Looking back on 2025, the Board of Directors, as the core of the Company's governance, fully implemented all resolutions of the Shareholders' Meeting. All directors were conscientious and diligent, and made significant and effective contributions to the Board's scientific decision-making and standardized operation. The 2025 Annual Report of the Board of Directors is as follows:
I. Meetings of the Board of Directors in 2025
In 2025, the Company held 7 Board meetings, reviewing important matters such as periodic reports, appointment of senior management, annual dividend distribution, appointment of accounting firms, related-party transactions, and risk assessment reports of the financial company, and implementing share repurchase and cancellation matters. The convening and holding of the meetings complied with the relevant laws, regulations, and the Articles of Association of the Company, and the voting results were legal and valid. The Company also fulfilled its disclosure obligations in a timely manner by announcing the resolutions of the meetings.
II. Implementation of Shareholders' Meeting Resolutions by the Board of Directors
During the reporting period, the Company's Board of Directors, in accordance with the requirements of the Company Law, the Securities Law, and other relevant laws and regulations, as well as the Articles of Association of the Company, strictly followed the resolutions and authorizations of the shareholders' meeting and diligently implemented all resolutions.
III. Discussion and Analysis of the Company's Operating Performance During the Reporting Period by the Board of Directors