Annual Report 2021

ANNUAL REPORT 2021 201 43. PARTICULARS OF PRINCIPAL ASSOCIATES Place of incorporation/ Proportion of registration effective ownership interest Name of associate and operation held by the Company Principal activities 2021 2020 % % Asia Airfreight Terminal Company Limited Hong Kong 20.00 20.00 Airfreight services China Merchants International Technology Company PRC 43.74 N/A Provision of computer network services Limited (formerly known as China Merchants Holdings (International) Technology Company Limited) (Note (c)) China Nanshan Development (Group) PRC 37.01 37.01 Investment holding Incorporation (Note (a)) Chiwan Container Terminal Co., Ltd. PRC 14.16 14.16 Ports and container terminal business (Notes (a) and (b)) Chu Kong River Trade Terminal Co., Limited British Virgin Islands 20.00 20.00 Provision of shuttle-barge ports services Liaoning Port Company Limited PRC 11.32 21.05 Provision of terminal business and logistic services (shares listed on the HKSE and the Shanghai Stock Exchange) (Notes (a), (b) and (c)) Modern Terminals Limited Hong Kong 27.01 27.01 Provision of container terminal services and warehouse services Port de Djibouti S.A. Republic of 23.50 23.50 Operations of seaports and Djibouti terminals and port related business in Djibouti