On December 24, 2024, Morgan Stanley & Co., International plc (as a Category 5 contact related to the offeror) conducted multiple Trades of shares in CNBM. These Trades involved a potential share buyback through a comprehensive offer. The Trades mainly consisted of Sell operations, including multiple client-initiated transactions in Other category derivative products. The largest single transaction involved selling 886,000 shares, with an expiration date of July 22, 2025, and a transaction amount of approximately 3.198 million Hong Kong dollars. Additionally, there were two small-scale Buy transactions, amounting to 13,680 shares and 22,320 shares, respectively. These Trades may be related to the share buyback offer that CNBM is considering. The reference price for the Trades fluctuated between 3.6000 and 3.6300 Hong Kong dollars, with a total transaction amount exceeding 4.7 million Hong Kong dollars. Morgan Stanley & Co., International plc stated that these Trades are conducted for its own account.

On December 24, 2024, Morgan Stanley & Co., International plc (as a Category 5 contact related to the offeror) conducted multiple Trades of shares in CNBM. These Trades involved a potential share buyback through a comprehensive offer. The Trades mainly consisted of Sell operations, including multiple client-initiated transactions in Other category derivative products. The largest single transaction involved selling 886,000 shares, with an expiration date of July 22, 2025, and a transaction amount of approximately 3.198 million Hong Kong dollars. Additionally, there were two small-scale Buy transactions, amounting to 13,680 shares and 22,320 shares, respectively. These Trades may be related to the share buyback offer that CNBM is considering. The reference price for the Trades fluctuated between 3.6000 and 3.6300 Hong Kong dollars, with a total transaction amount exceeding 4.7 million Hong Kong dollars. Morgan Stanley & Co., International plc stated that these Trades are conducted for its own account.