CHINA MERCHANTS (00133) announced that, as the existing interim management agreement is set to expire on December 31, 2025, the company has entered into a new interim management agreement with China Merchants China Investment Management on December 22, 2025. This reappointment ensures continuity in the company's investment management operations while allowing sufficient time for evaluation and decision-making. The new management period will commence immediately after the expiration of the current agreement on December 31, 2025.