Five Resolutions Proposed at AGM Were Passed

China Merchants Holdings (International) Company Limited (the "Company") held an Annual General Meeting (the "AGM") on 27 May 2015. The AGM was presided by Mr. Li Jianhong, the Chairman of the Company, who was joined by others in the panel, including Mr. Li Xiaopeng, the Vice Chairman of the Company and Mr. Hu Jianhua, Executive Director of the Company. Other Non-executive Directors of the Company and shareholders representatives, along with Mr. Su Xingang, Executive Director of the Company; Mr. Bai Jingtao, the General Manager of the Company; Mr. Zheng Shaoping, Executive Director and Deputy General Manager of the Company and Mr. Zhang Rizhong, Deputy General Manager and the Chief Financial Officer of the Company have also attended the meeting.

Majority of the votes were casted in favour of the five resolutions as proposed by the Board and hence, all of the resolutions were duly passed. The management of the Company met with the reporters and thoroughly addressed their queries with regards to the latest progress of the Company after the meeting.

The approved resolutions included:

1. To receive and consider the Audited Consolidated Financial Statements for the year ended 31 December 2014 together with the Report of the Directors and the Independent Auditor¡¯s Report.
2. To declare a final dividend of 55 HK cents per share for the year ended 31 December 2014 in scrip form with cash option.
3. A.  (a) To re-elect Mr. Li Xiaopeng as a Director;
       (b) To re-elect Mr. Su Xingang as a Director;
       (c) To re-elect Mr. Yu Liming as a Director;
       (d) To re-elect Mr. Wang Hong as a Director; 
       (e) To re-elect Mr. Bong Shu Ying Francis as a Director.
B.  To authorise the board of Directors to fix the remuneration of the Directors.
4. To re-appoint Messrs. Deloitte Touche Tohmatsu as auditor of the Company and to authorise the Board to fix its remuneration.
5. Other ordinary resolutions.

Mr. Li Jianhong, Chairman of CMHI (00144), told the reporters, ¡°Shenzhen Chiwan Wharf Holdings Ltd and Shekou Container Terminals, subsidiaries of CMHI, are undergoing the process of business reorganization, and the Company is planning to inject the assets of Shekou Container Terminals into the A-share listed Shenzhen Chiwan Wharf Holdings Ltd, with an aim to improve the operating efficiency of the West Shenzhen Port Zone. Driven by the newly added overseas operations, in particular the growth brought by the Colombo South Container Terminal in Sri Lanka, the Company was able to deliver a year-to-date growth of 6.4% in its container throughput volume until April, within which overseas operations achieved a growth of 18.6%, while the container throughput handled by the Group¡¯s ports in mainland China grew by 6.2%. Bulk cargoes volume handled by the Company was down slightly by 3.4%. With the impetus coming from the overseas operations, the Company is confident in achieving a growth target in the range of 5% to 10% in its container throughput. In addition, CMHI will co-operate with internet companies to analyze its operational data, which in the longer term will help facilitate the custom clearance processes and the arrangement of sailing schedule, and in turn help enhance efficiencies and lower the operating cost of our existing ports.¡±

Mr. Hu Jianhua, Executive Director of the Company, further explained the progress of the CMHI-invested Sri Lanka project. He said, ¡°CMHI-invested Colombo South Container Terminal in Sri Lanka, which handled a total container throughput of approximately 700,000 TEUs in last year, will possibly double its throughput during the year, reaching the level of 1.4 million TEUs, while the project might also achieve breakeven and may even have a positive, though minimal, contribution in 2015.¡± He also added, ¡°The designed capacity of the container terminal is 2.4 million TEUs, which is expected to be fully utilized within 2 to 3 years. Optimistic on the potential offered by Sri Lanka, the Company is intending to invest in other assets within the region, though no specific agreement has been reached at this point.¡±

Discussing the future development plans of the Company, the newly appointed General Manager of the Company, Mr. Bao Jingtao, commented, ¡°Under the leadership of the Board, and with the aspiration of becoming a World-class comprehensive port service provider, gravitating upon the existing domestic and international strategy, the Company will seek to further optimize its port network layout, to reorganize its business within West Shenzhen Port Zone, to actively seek to capture the opportunities offered by the establishment of Free Trade Zone in Shekou and the avocation of ¡°One Belt, One Road¡± policy, to promote the active capital management in its existing portfolio and the integration of business operations in its ports and bonded logistics businesses with internet technologies, while simultaneously participating in the construction of platforms for cross-border e-commerce business and for online trading of grains, as well as a smart port, with a goal of driving the transformation and upgrading of the port operations.¡±


@2008 China Merchants Holdings (International) Co., Ltd. .All Rights Reserved.
ICP 05068163