At the annual shareholder meeting held on June 25th, China Merchants Bank Co.,Ltd. (CM BANK) addressed the recent significant share purchases by Ping An.

In response to questions about Ping An's ongoing and substantial acquisition of the bank's shares, the company's Board Secretary, Peng Jiawen, stated that the bank has noted the situation and has engaged in discussions with Ping An.

Peng Jiawen expressed that the bank is grateful for Ping An's trust, as demonstrated by its firm, consistent, and continuous increase in shareholding. He characterized this move as a reflection of strong confidence in China Merchants Bank Co.,Ltd.'s operational and managerial performance.

He further explained that Ping An's objective is to achieve favorable investment returns through the bank's dividend distributions, particularly its high dividend payouts, which serve as the primary motivation for their investment strategy.