Annual Report 2024

China Merchants China Direct Investments Limited Annual Report 2024 141 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) For the year ended 31 December 2023 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% 19.79 217 13.61 38.84% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 148 Nil 26.59% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 55 0.41 9.85% iFLYTEK Co., Ltd. Intelligent speech technology 0.29% 18.83 45 0.10 7.98% Xunfei Healthcare Technology Co., Ltd. Artificial intelligence medical 3.43% 16.40 41 Nil 7.29% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 28 2.05 5.00% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 4.38 21 1.81 3.83% Arashi Vision Inc. 360-degree video products 1.63% 4.27 18 Nil 3.25% Pony AI Inc. Autonomous driving 0.65% preferred shares 8.61 16 Nil 2.95% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 14 3.84 2.52%