At the bank's annual general meeting for 2025 held today, China Merchants Bank Co.,Ltd. (CM BANK) addressed shareholder concerns regarding company valuation.

Executive Peng Jiawen stated that he believes the attending shareholders are dissatisfied with the bank's current share price, expressing a shared desire and goal to maintain a trajectory of sustained growth.

He acknowledged that numerous factors influence share prices, emphasizing that the bank's primary focus is on improving its own fundamentals and operational performance.

Commitment to Market Value Management

Peng Jiawen underscored the bank's significant emphasis on market value management, revealing that a dedicated team has been established for this purpose.

This team regularly convenes analysis meetings to stay attuned to capital market dynamics, gather feedback and demands from investors and shareholders, and conduct thorough internal research.

He noted that some insights from this process have already been integrated into business strategies, while others are being considered for implementation in areas such as dividend policies.

Framework for Value Management

Peng outlined the three-tiered framework guiding the bank's market value management efforts.

The first tier is value creation, which centers on strengthening the bank's core operations to genuinely generate value for shareholders, representing the foundational principle.

The second tier is value communication, which involves ensuring the market is aware of the bank's achievements through ongoing and consistent dialogue with investors, analysts, and shareholders.

The third tier is value realization, which refers to employing specific mechanisms and tools—such as dividends, share buybacks, and other studied measures—to take corresponding actions aimed at enhancing the company's market valuation.