Annual Report 2020

China Merchants China Direct Investments Limited Annual Report 2020 36 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Mr. ZHANG Rizhong Mr. WANG Xiaoding Mr. TSE Yue Kit Mr. LAW Hung Kuen, Janson (Note 1) (Note 2) (Note 3) (Note 4) US$ US$ US$ US$ Iflytek Venture Capital (1st installment capital contribution) N/A 6,440 1,290 1,290 Rong Bao Zhai Culture (1st installment capital contribution) N/A 8,590 860 860 Rong Bao Zhai Culture (2nd installment capital contribution) N/A 4,290 420 420 Iflytek Venture Capital (2nd installment capital contribution) N/A 970 190 190 Qinghai Lake Tourism (1st installment capital contribution) 640 3,200 320 320 Qinghai Lake Tourism (2nd installment capital contribution) 1,920 9,600 960 960 Iflytek Venture Capital (3rd installment capital contribution) N/A 970 190 190 The Jiangmen Ventures Fund 1,280 3,840 1,280 1,280 Cambricon 6,370 22,940 1,270 1,270 Pony AI (1st round capital injection) 1,270 6,370 1,270 2,550 Iflytek Venture Capital (4th installment capital contribution) N/A 970 190 190 Pony AI (2nd round capital injection) 1,280 1,280 1,280 1,280 Arashi Vision 1,280 3,830 1,280 2,550 iFlytek Healthcare 6,420 19,260 1,280 5,140 Iflytek Venture Capital (5th installment capital contribution) N/A 320 60 60 China UnionPay 3,870 12,900 1,290 3,870 Iflytek Venture Capital (6th installment capital contribution) N/A 640 130 130 CASREV Fund III (1st installment capital contribution) 320 320 320 320 CASREV Fund III (2nd installment capital contribution) 320 320 320 320 Huiyou Xingyao Fund (1st installment capital contribution) 1,750 880 880 880 Flexiv 1,290 20,640 1,290 6,450