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)
SUPPLEMENTAL ANNOUNCEMENT
CONTINUING CONNECTED TRANSACTIONS WITH A
CONNECTED PERSON AT SUBSIDIARY LEVEL
PROVISION OF TERMINAL SERVICES AND DETERMINATION
OF ANNUAL CAP
Reference is made to the announcement made by China Merchants Port Holdings Company Limited (the "Company", and together with its subsidiaries, the "Group") dated 8 April 2022 with respect to the provision of various terminal services to the MSC Group by the Group. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as given to them in the Announcement.
As disclosed in the Announcement, the Board resolved to set an aggregate annual cap in respect of the annual aggregate maximum amount of service fees receivable by members of the Group from the MSC Group for the Terminal Services Transactions at HK$2,100 million for the period commenced on 30 March 2022 and ending 31 December 2022 and at HK$2,520 million for the year ending 31 December 2023.
The aggregate annual caps for (i) the period commenced on 30 March 2022 and ending 31 December 2022 and (ii) the year ending 31 December 2023 were determined with reference to (i) the historical amount of transactions between the MSC Group and the Group; (ii) the anticipated services to be provided to the MSC Group for period commenced on 30 March 2022 and ending 31 December 2022 and the year ending 31 December 2023, and (iii) the potential increase in market prices.
In order to provide shareholders of the Company with more information and references, the Board would like to provide supplemental information regarding the historical transaction amount between the MSC Group and the Group for the Terminal Services Transactions for the most recent three years:
Historical | |
For the year ended 31 December | transaction amounts |
(HK$) | |
2019 | 1,313 million |
2020 | 1,471 million |
2021 | 1,745 million |
By Order of the Board
China Merchants Port Holdings Company Limited
Deng Renjie
Chairman
Hong Kong, 14 April 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.
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China Merchants Port Holdings Co. Ltd. published this content on 14 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 April 2022 08:54:09 UTC.