China Merchants Group: Subsidiary increases its stake in Antong Holdings, with a total investment of 1.787 billion yuan.

China Merchants Shipping announced that on July 11, 2025, its wholly-owned subsidiary COSCO Shipping Bulk acquired 334 million shares of Antong Holdings through block trading and agreement transfer, accounting for 7.89% of its total share capital. Starting from July 15, 2025, within 12 months, COSCO Shipping Bulk plans to increase its stake in Antong Holdings by 360 million to 720 million shares. From July 18, 2025 to April 20, 2026, COSCO Shipping Bulk has already accumulated 183 million shares, accounting for 4.33% of its total share capital, with an investment amount of approximately 720 million yuan, reaching the maximum scale of the increase. As of the announcement date, COSCO Shipping Bulk holds a total of 517 million shares in Antong Holdings, accounting for 12.22% of the total share capital, with a total investment of approximately 1.787 billion yuan.