Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 127 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2020 15. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) The following are the details of all investments with a value of more than 5% of the Group’s total assets as at 31 December 2020 and 31 December 2019 and also details of ten largest investments of the Group. For the year ended 31 December 2020 Name of investees Description of the business Proportion of investee’s capital owned Investment cost Carrying value Dividend/ distribution received during the year % of the Group’s net assets as at year end attributable to the investment US$ million US$ million US$ million China Merchants Bank Co., Ltd. Banking 0.22% 19.79 372 9.45 47.94% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 216 0.81 27.84% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 50 Nil 6.40% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 47 0.14 6.09% Iflytek Co., Ltd. Intelligent speech technology 0.31% 18.83 43 0.09 5.50% Pony AI Inc. Autonomous driving 0.68% 8.61 35 Nil 4.54% China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Media investment 10.13% 0.00 28 1.44 3.58% Rong Bao Zhai Culture Co., Ltd. Artwork marketing N/A 15.87 22 Nil 2.85% Cambricon Technologies Corporation Limited Artificial intelligence chips 0.21% 5.94 17 Nil 2.16% Anhui iFlytek Healthcare Information Technology Co., Ltd. Artificial intelligence medical 3.00% 8.60 14 Nil 1.88%