Annual Report 2024

140 China Merchants China Direct Investments Limited Annual Report 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 15. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) The following are the details of all investments with a value of more than 5% of the Group’s total assets as at 31 December 2024 and 31 December 2023 and also details of ten largest investments of the Group. For the year ended 31 December 2024 Name of investees Description of the business Proportion of investee’s capital owned Investment cost Carrying value Dividend/ distribution received during the year % of the Group’s net assets as at year end attributable to the investment US$ million US$ million US$ million China Merchants Bank Co., Ltd. Banking 0.22% 19.79 302 15.26 46.61% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 144 Nil 22.30% iFLYTEK Co., Ltd. Intelligent speech technology 0.30% 18.83 46 0.09 7.06% Xunfei Healthcare Technology Co., Ltd. Artificial intelligence medical 3.51% 20.01 43 Nil 6.58% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 41 2.57 6.26% Arashi Vision Inc. 360-degree video products 1.63% 4.27 35 Nil 5.41% Pony AI Inc. Autonomous driving 0.56% 8.61 28 Nil 4.34% China UnionPay Co., Ltd. Financial payment 0.05% 9.33 24 0.12 3.59% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 23 Nil 3.55% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 2.76 19 1.62 2.96%