Annual Report 2021

China Merchants China Direct Investments Limited Annual Report 2021 93 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY For the year ended 31 December 2021 Equity attributable Share Translation General Retained to owners of capital reserve reserve profits the Company US$ US$ US$ US$ US$ Balance at 1 January 2020 139,348,785 49,328,396 12,752,258 447,620,803 649,050,242 Profit for the year — — — 89,787,755 89,787,755 Exchange difference arising on translation to presentation currency — 47,256,093 — — 47,256,093 Total comprehensive income for the year — 47,256,093 — 89,787,755 137,043,848 2019 final dividend paid (note 13) — — — (10,663,311) (10,663,311) Transfer to general reserve — — 9,750 (9,750) — Balance at 31 December 2020 139,348,785 96,584,489 12,762,008 526,735,497 775,430,779 Balance at 1 January 2021 139,348,785 96,584,489 12,762,008 526,735,497 775,430,779 Profit for the year — — — 24,205,367 24,205,367 Exchange difference arising on translation to presentation currency — 18,247,958 — — 18,247,958 Total comprehensive income for the year — 18,247,958 — 24,205,367 42,453,325 2020 final and special dividends paid (note 13) — — — (12,186,641) (12,186,641) Transfer to general reserve — — 439,784 (439,784) — Balance at 31 December 2021 139,348,785 114,832,447 13,201,792 538,314,439 805,697,463 The general reserve represents the general reserve fund, which is 10% of its net profit set aside by each of the subsidiaries incorporated in The People’s Republic of China (“ PRC ”) until the balance reaches 50% of its registered capital, in accordance with relevant laws and regulations of the PRC and is not available for distribution.