Annual Report 2021

CORPORATE GOVERNANCE REPORT (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2021 59 BOARD OF DIRECTORS (CONTINUED) Nomination Committee and Nomination Policy (continued) During the year under review, the Nomination Committee has resolved to recommend the appointment of Mr. ZHOU Xing as Chairman and Non-executive Director of the Company and Mr. Michael Charles VITERI as Independent Non- executive Director of the Company, respectively; and to recommend the renewal of appointment of Mr. TSE Yue Kit as Executive Director of the Company and Mr. TSANG Wah Kwong as Independent Non-executive Director of the Company, respectively. It has also reviewed the structure, size and composition of the Board in a meeting. The attendance of individual members of the Nomination Committee is as follows: Attendance/ number of meetings Mr. ZHOU Xing* (Chairman of the Nomination Committee) (appointed on 26 April 2021) 2/2 Mr. TSANG Wah Kwong** 3/3 Dr. LI Fang** 3/3 Mr. ZHANG Jian* (Chairman of the Nomination Committee) (resigned on 26 April 2021) 0/1 * Non-executive Director ** Independent Non-executive Directors According to the Articles of Association of the Company, any Directors appointed by the Board shall hold office only until the next following AGM or until the next following general meeting of the Company in the case of filling a casual vacancy, and shall then be eligible for re-election. Investment Committee The Board has established an Investment Committee, of which currently has four members, to approve transactions (investments or realisations) of over US$20 million each (effective from 5 February 2010) and to supervise the day-to- day management functions of the Investment Manager. Currently, the Committee members include two Executive Directors and two Non-executive Directors. During the year under review, the Investment Committee has considered and approved a proposal relating to the investment made in a media project.