Annual Report 2021

China Merchants China Direct Investments Limited Annual Report 2021 129 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2021 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 2021 and 31 December 2020 and also details of ten largest investments of the Group. For the year ended 31 December 2021 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% 19.79 422 10.68 52.40% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 218 2.77 27.08% Iflytek Co., Ltd. Intelligent speech technology 0.29% 18.83 56 0.20 6.96% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 51 0.20 6.29% Anhui iFlyHealth Co., Ltd. (formerly Anhui iFlytek Healthcare Information Technology Co., Ltd.) Artificial intelligence medical 3.51% 16.41 40 Nil 5.07% Pony AI Inc. Autonomous driving 0.67% Preferred shares 8.61 34 Nil 4.28% China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Media investment 10.00% 0.00 28 Nil 3.43% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 21 Nil 2.64% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 12 0.49 1.54% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 6.42 11 1.79 1.38%