Annual Report 2024

146 China Merchants China Direct Investments Limited Annual Report 2024 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 23. SHARE CAPITAL OF THE COMPANY Number of shares US$ Issued and fully paid: At 1 January and 31 December 2023, 1 January and 31 December 2024 – Ordinary shares with no par value 152,333,013 139,348,785 24. RESERVES OF THE COMPANY Translation reserve Retained profits Total US$ US$ US$ Balance at 1 January 2023 (481,029) 81,783,122 81,302,093 Profit for the year — 28,129,923 28,129,923 Exchange difference (1,059,589) — (1,059,589) Total comprehensive income for the year (1,059,589) 28,129,923 27,070,334 2022 final dividend paid — (10,663,311) (10,663,311) Balance at 1 January 2024 (1,540,618) 99,249,734 97,709,116 Profit for the year — 42,015,589 42,015,589 Exchange difference (957,387) — (957,387) Total comprehensive income for the year (957,387) 42,015,589 41,058,202 2023 final and special dividends paid — (12,186,641) (12,186,641) 2024 interim dividend paid — (6,093,321) (6,093,321) Balance at 31 December 2024 (2,498,005) 122,985,361 120,487,356 25. NET ASSET VALUE PER SHARE The calculation of the net asset value per share at the end of the reporting period is based on the net assets of US$647,377,905 (2023: US$557,939,788) and 152,333,013 ordinary shares (2023: 152,333,013 ordinary shares) with no par value in issue at 31 December 2024.