Annual Report 2019

229 ANNUAL REPORT 2019 44. PARTICULARS OF PRINCIPAL SUBSIDIARIES The table below lists only those subsidiaries of the Company which, in the opinion of the directors, principally affect the results for the year or form a substantial portion of the net assets of the Group. To give details of other subsidiaries would, in the opinion of the directors, result in particulars of excessive length. Particulars of the Company’s principal subsidiaries are as follows: Name of subsidiary Place of incorporation/ registration and operation Issued share capital/ registered capital Proportion of effective ownership interest held by the Company Principal activities Directly Indirectly 2019 2018 2019 2018 % % % % China Merchants Container Services Limited Hong Kong HK$500,000 — — 100.00 100.00 Provision of container terminal services and ports transportation China Merchants Holding (International) Information on Technology Co., Ltd. (Note (b)) PRC RMB50,000,000 76.84 76.84 — — Provision of computer network services China Merchants International Terminals (Ningbo) Limited British Virgin Islands US$1 100.00 100.00 — — Investment holding China Merchants International Container Terminal (Qingdao) Co., Ltd. (Note (a)) PRC US$206,300,000 — — 100.00 100.00 Provision of container terminal services and ports transportation China Merchants International Terminal (Qingdao) Company Ltd. (Note (b)) PRC US$44,000,000 — — 90.10 90.10 Port, container terminal and logistics business China Merchants Bonded Logistics Co., Limited (Note (b)) PRC RMB700,000,000 — — 60.00 60.00 Provision of container related logistics services China Merchants Port Services (Shenzhen) Company Limited (Note (a)) PRC RMB550,000,000 — — 100.00 100.00 Provision of terminal services and ports transportation CMH International (China) Investment Co., Ltd. (Note (a)) PRC US$30,000,000 100.00 100.00 — — Investment holding