Annual Report 2021

Report of the Directors 70 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED CONTRACT OF SIGNIFICANCE Save as disclosed in the “Connected Transactions” in this annual report, there were no contracts of significance between the Company or any of its subsidiaries and a controlling shareholder or any of its subsidiaries or any contracts of significance for the provision of services to the Company or any of its subsidiaries by a controlling shareholder or any of its subsidiaries. MANAGEMENT CONTRACTS No contract concerning the management and administration of the whole or any substantial part of the business of the Company had been entered into or existed during the year. MAJOR CUSTOMERS AND SUPPLIERS The revenue from sales attributable to the Group’s largest customer represented 14.7% of the Group’s total revenue in 2021. The aggregate amount of revenue from sales attributable to the Group’s five largest customers combined represented 32.2% of the Group’s total revenue in 2021. The aggregate amount of purchases attributable to the Group’s five largest suppliers represented less than 30% of the Group’s total purchases in 2021. At no time during the year had the Directors, their close associates or any shareholder (whom to the knowledge of the Directors own(s) more than 5% of the Company’s issued shares) had any interest in these major customers and suppliers. EMPLOYEES The Group’s key relationships with its employees are set out in the “Management Discussion and Analysis” on pages 14 to 30 of this Annual Report. PUBLIC FLOAT Based on the information that is publicly available to the Company and within the knowledge of its Directors, as at the date of this report, there is sufficient public float of not less than 25% of the Company’s issued shares as required under Rule 8.08 of the Listing Rules. AUDITOR The financial statements have been audited by Deloitte Touche Tohmatsu who would retire and, being eligible, offer themselves for re-appointment at the forthcoming annual general meeting. There has been no change in the Company’s auditor in any of the preceding three years. On behalf of the Board Deng Renjie Chairman Hong Kong, 30 March 2022