China Merchants Port : UPDATE ON DISCLOSEABLE TRANSACTION IN RELATION TO (1) THE SUBSCRIPTION OF MANDATORY CONVERTIBLE BONDS ISSUED B...

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

(Stock Code: 00144)

UPDATE ON DISCLOSEABLE TRANSACTION IN RELATION TO

(1) THE SUBSCRIPTION OF MANDATORY CONVERTIBLE BONDS

ISSUED BY TERMINAL LINK

AND

1. THE LOAN GRANTED TO TERMINAL LINK, TO FINANCE THE PROPOSED ACQUISITION

Reference is made to the announcements made by China Merchants Port Holdings Company Limited (the "Company") on 22 December 2019, 26 March 2020 and 31 March 2021 in relation to, among others, the Proposed Acquisition, the Mandatory Convertible Bonds, the Loan and the Initial Closing (the "Previous Announcements"). Unless otherwise defined, capitalised terms defined in the Previous Announcements shall have the same meanings in this announcement.

As disclosed in the Previous Announcements, the Initial Closing of the Proposed Acquisition took place on 26 March 2020 with respect to the eight Target Terminals and the Company and CMA CGM agreed to extend the Second Closing Long Stop Date to complete the transfer of the Remaining Terminals to 30 September 2021.

The transfer of the Remaining Terminals was not completed by 30 September 2021 as the necessary regulatory approvals have not been obtained. The Company and CMA CGM are currently discussing on the alternative arrangement following the failure to achieve the Second Closing (the "Alternative Arrangement").

As at the date of this announcement, discussions on the Alternative Arrangement are still in progress and no definitive nor legally binding agreement has been entered into in respect of the Alternative Arrangement.

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Further announcement(s) will be made by the Company as and when appropriate or required in accordance with the Listing Rules and applicable laws.

By Order of the Board

China Merchants Port Holdings Company Limited

Deng Renjie

Chairman

Hong Kong, 4 October 2021

As at the date of this announcement, the Board comprises Mr. Deng Renjie, Mr. Liu Weiwu, Mr. Xiong Xianliang, Mr. Wang Xiufeng, 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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