Annual Report 2024

China Merchants China Direct Investments Limited Annual Report 2024 135 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 9. PROFIT (LOSS) BEFORE TAXATION 2024 2023 US$ US$ Profit (loss) before taxation has been arrived at after charging: Auditor’s remuneration 175,265 195,404 Net foreign exchange loss 230,097 937,971 Investment Manager’s management fee (note 27 (a)) 10,673,598 10,458,859 Directors’ fees 220,319 220,026 10. DIRECTORS’ EMOLUMENTS The Group has no chief executives and the Directors’ fees paid or payable to each of the 11 (2023: 11) Directors were as follows: 2024 2023 US$ US$ Executive Directors: Mr. WANG Xiaoding — — Ms. KAN Ka Yee, Elizabeth (Note a) — — — — Non-executive Directors: Mr. ZHOU Xing — — Mr. ZHANG Rizhong — — Mr. KE Shifeng 30,742 30,701 Mr. TSE Yue Kit 30,742 30,701 61,484 61,402 Independent Non-executive Director and Chairman of the Audit Committee: Mr. TSANG Wah Kwong 35,867 35,820 Independent Non-executive Directors: Dr. LI Fang 30,742 30,701 Dr. GONG Shaolin 30,742 30,701 Mr. Michael Charles VITERI 30,742 30,701 Mr. ZHU Qi 30,742 30,701 122,968 122,804 Total 220,319 220,026