China Merchants Group Co., Ltd. (China Merchants) announced that it completed the general authorization for the subscription of new Class B shares on June 27, 2024. The subscription was successfully allocated to a minimum of six independent third-party underwriters by the placement agent at a price of HKD 1.20 per share, totaling 1,673,446,000 shares, which accounted for about 6.06% of the expanded B shares and 4.76% of the existing issued shares of the company. The net proceeds from the allocation were approximately HKD 199.5 million, which will be used to expand the scale of China Merchants' large devices, further support the development of generative artificial intelligence, and serve as the company's general working capital. After the allocation, the total number of China Merchants' issued shares was 35,142,371,000 shares, of which A shares accounted for 21.40% and B shares accounted for 78.60%. The company confirmed that the public holdings remained no less than 25%.

China Merchants Group Co., Ltd. (China Merchants) announced that it completed the general authorization for the subscription of new Class B shares on June 27, 2024. The subscription was successfully allocated to a minimum of six independent third-party underwriters by the placement agent at a price of HKD 1.20 per share, totaling 1,673,446,000 shares, which accounted for about 6.06% of the expanded B shares and 4.76% of the existing issued shares of the company. The net proceeds from the allocation were approximately HKD 199.5 million, which will be used to expand the scale of China Merchants' large devices, further support the development of generative artificial intelligence, and serve as the company's general working capital. After the allocation, the total number of China Merchants' issued shares was 35,142,371,000 shares, of which A shares accounted for 21.40% and B shares accounted for 78.60%. The company confirmed that the public holdings remained no less than 25%.