Annual Report 2021

ANNUAL REPORT 2021 203 44. PARTICULARS OF PRINCIPAL JOINT VENTURES Place of incorporation/ Proportion of registration effective ownership interest Name of joint venture and operation held by the Company Principal activities 2021 2020 % % Euro-Asia Oceangate S.àr.l. Luxembourg 40.00 40.00 Ports and container terminal business Port of Newcastle Investments Australia 50.00 50.00 Management of port (Holdings) Trust operation and port development Qingdao Port Dongjiakou Ore PRC 25.00 25.00 Ports and bulk cargo Terminal Co., Ltd. (Note (a)) terminal business Qingdao Qianwan United PRC 50.00 50.00 Ports and container Container Terminal Co., Ltd. terminal business Qingdao Qianwan West Port United Terminal Co., Ltd. PRC 49.00 49.00 Ports and bulk cargo terminal business Note: (a) Sino-foreign joint ventures. Under the relevant shareholders’ agreement, decisions of relevant activities of the entities above require unanimous consent from relevant joint venture partner(s). Accordingly, neither the Group nor the other venture partners(s) has the ability to control the relevant entities unilaterally and each of the entity above is considered as jointly controlled by the Group and the relevant joint venture partner(s).