Annual Report 2024

48 China Merchants China Direct Investments Limited Annual Report 2024 DIRECTORS’ REPORT (CONTINUED) ISSUED SHARES Details of movements during the year in the issued shares of the Company are set out in note 23 to the consolidated financial statements. EMOLUMENT POLICY The emoluments of the Directors of the Company are fixed by the Board of Directors with the authorisation by the shareholders meeting. PURCHASE, SALE OR REDEMPTION OF SHARES OF THE COMPANY During the year, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any of the Company’s shares. DIRECTORS The Directors of the Company during the year and up to the date of this report were: Mr. ZHOU Xing* (Chairman) Mr. ZHANG Rizhong* Mr. WANG Xiaoding # Ms. KAN Ka Yee, Elizabeth # Mr. KE Shifeng* Mr. TSE Yue Kit* Mr. TSANG Wah Kwong** Dr. LI Fang** Dr. GONG Shaolin** Mr. Michael Charles VITERI** Mr. ZHU Qi** # Executive Directors * Non-executive Directors * * Independent Non-executive Directors As at the date of this report, in accordance with Article 105 of the Articles of Association of the Company, Mr. ZHOU Xing, Mr. WANG Xiaoding, Mr. TSANG Wah Kwong and Mr. ZHU Qi retire and, being eligible, offer themselves for re-election at the forthcoming annual general meeting. The Company has received annual confirmation from each of the Independent Non-executive Directors as regards their independence pursuant to Rule 3.13 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and considers that each of the Independent Non-executive Directors is independent to the Company.