Annual Report 2024

10 China Merchants China Direct Investments Limited Annual Report 2024 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) THE PORTFOLIO As of 31 December 2024, the Fund’s total investments amounted to US$775.65 million. The sector distribution of investments was US$473.72 million in financial services (representing 58.71% of the Fund’s total assets), US$51.37 million in culture, media and consumption (6.37%), US$239.34 million in information technology (29.65%), and US$11.22 million in other ventures (including manufacturing, energy and resources, and medical, etc.) (1.40%). In addition, cash and cash equivalents were US$30.95 million, representing 3.84% of the Fund’s total assets as of 31 December 2024. TOTAL ASSETS DISTRIBUTION 2024 2023 Financial Services Investment 58.71% Other Ventures 1.40% Cash 3.84% Others 0.03% Information Technology Investment 29.65% Culture, Media and Consumption Investment 6.37% Financial Services Investment 54.93% Other Ventures 1.74% Cash 1.25% Others 0.00% Information Technology Investment 36.00% Culture, Media and Consumption Investment 6.08% As of 31 December As of 31 December