Annual Report 2023

Report of the Directors CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 60 CHARITABLE DONATIONS Donation of HK$10 million was made by the Group during the year (2022: HK$20 million). RESERVES Details of the movements in reserves of the Group and the Company during the year are set out in notes 29 and 43 to the consolidated financial statements respectively. PROPERTY, PLANT AND EQUIPMENT Details of the movements in property, plant and equipment of the Group and the Company are set out in note 16 to the consolidated financial statements. SHARES ISSUED Details of the movements in the issued shares of the Company are set out in note 27 to the consolidated financial statements. DISTRIBUTABLE RESERVES Distributable reserves of the Company as at 31 December 2023 amounted to HK$3,234 million (2022: HK$3,480 million). FIVE-YEAR FINANCIAL SUMMARY A summary of the results and the assets and liabilities of the Group for the last five financial years is set out from pages 30 to 31 of the Annual Report. PURCHASE, SALE OR REDEMPTION OF SHARES Save as disclosed in the “Management Discussion and Analysis “ section on pages 11 to 29 of the Annual Report, the Company and its subsidiaries have not purchased, sold or redeemed any of the Company’s listed securities during the year. DIRECTORS The Directors during the year ended 31 December 2023 and up to the date of this report were: Non-executive Directors: Mr. Feng Boming (Chairman) (appointed as Chairman of the Board and Non-executive Director on 24 July 2023) Mr. Yim Kong (Vice Chairman) Mr. Yang Guolin Mr. Deng Renjie (resigned on 24 July 2023) Executive Directors: Mr. Xu Song (Vice Chairman and Chief Executive Officer) (redesignated as Vice Chairman of the Board and the Chief Executive Officer on 24 July 2023) Mr. Lu Yongxin (Managing Director) (appointed as Managing Director on 24 July 2023) Mr. Tu Xiaoping (Chief Financial Officer) Mr. Wang Xiufeng (resigned on 24 July 2023) Independent Non-executive Directors: Mr. Chan Hiu Fung Nicholas Ms. Chan Yuen Sau Kelly (appointed on 21 March 2023) Mr. Li Ka Fai David Mr. Wong Chi Wing (appointed on 24 July 2023) Ms. Wong Pui Wah Mr. Bong Shu Ying Francis (retired on 2 June 2023) Mr. Kut Ying Hay (resigned on 21 March 2023) Biographical details of each Director and member of senior management of the Company are set out in the “Directors and Senior Management” on pages 50 to 57 of the Annual Report.