Annual Report 2021

Report of the Directors 56 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED PRINCIPAL SUBSIDIARIES The particulars of the principal subsidiaries of the Company are set out from pages 196 to 200 of this Annual Report. CHARITABLE DONATIONS Donation of HK$10.00 million was made by the Group during the year (2020: HK$30.00 million). RESERVES Details of the movements in reserves of the Group and the Company during the year are set out in notes 31 and 45 to the consolidated financial statements respectively. PROPERTY, PLANT AND EQUIPMENT Details of the movements in property, plant and equipment of the Group and the Company are set out in note 16 to the consolidated financial statements. SHARES ISSUED Details of the movements in the issued shares of the Company are set out in note 28 to the consolidated financial statements. DISTRIBUTABLE RESERVES Distributable reserves of the Company as at 31 December 2021 amounted to HK$3,391 million (2020: HK$2,878 million). FIVE-YEAR FINANCIAL SUMMARY A summary of the results and the assets and liabilities of the Group for the last five financial years is set out from page 31 to 32 of this Annual Report. PURCHASE, SALE OR REDEMPTION OF SHARES The Company and its subsidiaries have not purchased, sold or redeemed any of the Company’s listed securities during the year. DIRECTORS The Directors during the year ended 31 December 2021 and up to the date of this report were: Executive Directors: Mr. Deng Renjie (Chairman) Mr. Wang Xiufeng (Vice Chairman and Chief Executive Officer) (appointed on 26 August 2021) Mr. Liu Weiwu (appointed on 22 March 2021) Mr. Deng Weidong (appointed on 28 October 2021) Mr. Yim Kong (Managing Director) (appointed on 3 November 2021) Mr. Wang Zhixian Mr. Su Jian (resigned on 22 March 2021) Mr. Xiong Xianliang (resigned on 28 October 2021) Mr. Bai Jingtao (Managing Director) (resigned on 26 August 2021) Mr. Ge Lefu (resigned on 26 August 2021) Mr. Zheng Shaoping (resigned on 10 August 2021) Independent Non-executive Directors: Mr. Kut Ying Hay Mr. Lee Yip Wah Peter Mr. Li Ka Fai David Mr. Bong Shu Ying Francis Biographical details of each Director and member of senior management of the Company are set out in the “Directors and Senior Management” on pages 48 to 53 of this Annual Report.