Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 34 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Original investment amount of the Fund Original amounts actually paid by the Participants Relative proportion US$* US$* Iflytek Venture Capital (1st installment capital contribution) 5,193,900 9,270 0.178% Rong Bao Zhai Culture (1st installment capital contribution) 28,855,000 86,790 0.301% Rong Bao Zhai Culture (2nd installment capital contribution) 14,505,400 43,240 0.298% Iflytek Venture Capital (2nd installment capital contribution) 2,008,800 3,480 0.178% Qinghai Lake Tourism (1st installment capital contribution) 7,502,800 9,590 0.128% Qinghai Lake Tourism (2nd installment capital contribution) 22,927,700 28,800 0.126% Iflytek Venture Capital (3rd installment capital contribution) 2,146,800 3,480 0.178% The Jiangmen Ventures Fund 4,741,800 20,470 0.432% Cambricon 5,940,100 90,480 1.523% Pony AI (1st round capital injection) 8,000,000 35,680 0.446% Iflytek Venture Capital (4th installment capital contribution) 1,991,910 3,480 0.178% Pony AI (2nd round capital injection) 607,270 10,200 1.680% Arashi Vision 4,268,200 26,820 0.632% iFlytek Healthcare 8,600,700 48,790 0.567% Iflytek Venture Capital (5th installment capital contribution) 646,170 1,160 0.178% China UnionPay 31,116,080 51,610 0.166% Iflytek Venture Capital (6th installment capital contribution) 1,286,760 2,320 0.178% CASREV Fund III (1st installment capital contribution) 1,849,360 2,580 0.140% CASREV Fund III (2nd installment capital contribution) 1,896,900 2,580 0.140% Huiyou Xingyao Fund (1st installment capital contribution) 2,469,420 14,900 0.603% Flexiv 5,000,000 95,450 1.909% * Calculated with prevalent exchange rates at the time of the amounts paid