Annual Report 2024

98 China Merchants China Direct Investments Limited Annual Report 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) GOVERNANCE (CONTINUED) Anti-corruption and Money Laundering (continued) The table below shows the total number of concluded legal cases regarding corrupt practices brought against the Company or CMCIM and its employees during the Reporting Period and the outcomes of the cases: Number of concluded legal cases regarding corrupt practices 2024 2023 Brought against the Company and CMCIM 0 0 Brought against CMCIM’s employees 0 0 It is the Board’s responsibility to monitor the effectiveness of the whistle-blowing procedures for the Company’s and the Investment Manager’s stakeholders. The procedures are reviewed and updated as and when required. The Board is also responsible for ensuring a proper independent investigation is conducted regarding the matters and there are proper follow-up actions. The Company and the Investment Manager are also committed to proactively preventing money laundering and terrorist financing and to complying with applicable laws and regulations in respect of anti-money laundering and in relevant jurisdictions throughout our business operations. New staff of the Investment Manager and newly appointed Directors of the Company are required to take induction courses with contents including anti-corruption polices, Securities & Futures Ordinance (Cap. 571, Law of Hong Kong), Listing Rules, etc. within one month of their employment/appointment. These are tailored to the responsibilities and the obligations of the staff and the Directors. Throughout the duration of the employment/terms of tenure, the staff of the Investment Manager and Directors of the Company shall receive continuous training covering topics of their responsibilities which also include internal and external updates on anti-corruption and anti-money laundering guidelines and practices. These trainings can be in various form, such as video briefing, internal seminar and webinar. During the Reporting Period, there were no cases of non-compliance noted in relation to corruption and money laundering related laws and regulations, including but not limited to the Prevention of Bribery Ordinance (Cap. 201, Law of Hong Kong) and Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615, Law of Hong Kong).