Annual Report 2021

Report of the Directors 68 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED The Independent Non-executive Directors further opined that: (i) in respect of the provision of ship berthing services by Yiu Lian to CMCS, details of which are set out in note (i) to paragraph (a) of this section, the aggregate ship berthing service fees paid has not exceed HK$14.5 million, the annual cap for the year ended 31 December 2021; (ii) in respect of the provision of port-related services to, and the receipt of agency services from, members of the Sinotrans & CSC group, details of which are set out in note (ii) to paragraph (a) of this section, the aggregate service fees received for the year ended 31 December 2021 have not exceeded RMB84.5 million, the aggregate annual cap for the services fees for the year ended 31 December 2021 and the aggregate agency fees paid for the year ended 31 December 2021 have not exceeded RMB13.52 million, the aggregate annual cap for the agency fees for the year ended 31 December 2021; (iii) in respect of the provision of port and port- related services to, and the receipt of port and freight forwarding services from, the CMPG Group, details of which are set out in note (iii) to paragraph (a) of this section, the aggregate service fees for the provision of port and port- related services received by the Group from CMPG Group for the year ended 31 December 2021 have not exceeded RMB27 million, the aggregate annual cap for the services fees for the year ended 31 December 2021 and the aggregate service fees for port and freight forwarding services paid by the Group to CMPG Group for the year ended 31 December 2021 have not exceeded RMB22 million, the aggregate annual cap for the services fees for the year ended 31 December 2021; (iv) in respect of the placing of deposits with China Merchants Finance, details of which are set out in note (iv) to paragraph (a) of this section, the maximum amount of deposit that was made by the Group with China Merchants Finance during the year ended 31 December 2021 did not exceed HK$2,100 million, the relevant cap for the year ended 31 December 2021; in respect of the aggregate fees paid by the Group for the provision of clearing and settlement services, the provision of foreign exchange clearance and settlement services and the provision of other financial services, details of which are set out in note (iv) to paragraph (a) of this section, the aggregate fees paid by the Group for the year ended 31 December 2021 did not exceed HK$10 million, HK$10 million and HK$10 million, respectively, the relevant caps as for the year ended 31 December 2021; (v) in respect of the technology consulting services provided by CMIT, details of which are set out in note (v) to paragraph (a) of this section, the amount of service fees paid by the Group to CMIT for the year ended 31 December 2021 did not exceed RMB180 million, the annual cap for service fees as revised for the year ended 31 December 2021; (vi) in respect of the technology consulting services provided by CMIT to subsidiaries of CMPG, details of which are set out in note (vi) to paragraph (a) of this section, the amount of service fees received by the Group from CMPG for the period between 1 January 2021 to 9 February 2021 did not exceed RMB110 million, the annual cap for service fees for the year ended 31 December 2021; (vii) in respect of the property management services provided by SCMPI, details of which are set out in note (vii) to paragraph (a) of this section, the amount of service fees paid by the Group to SCMPI for the service period in the year ended 31 December 2021 did not exceed RMB9.6 million, the annual cap for the service fees for the year ended 31 December 2021;