Annual Report 2023

Notes to the Consolidated Financial Statements For the year ended 31 December 2023 154 CHINA MERCHANTS PORT HOLDINGS COMPANY LIMITED 19. INTERESTS IN SUBSIDIARIES (CONTINUED) (b) Non-wholly-owned subsidiaries of the Group that have material non-controlling interests (continued) Summarised financial information of the consolidated statement of financial position of the SPG Group and the Gainpro Group is set out below: 2023 2022 SPG Gainpro SPG Gainpro Group Group Group Group HK$’million HK$’million HK$’million HK$’million Non-current assets 7,979 10,060 8,209 10,176 Current assets 4,068 279 4,062 193 Current liabilities (651) (118) (673) (103) Non-current liabilities (937) (2) (985) (1) 10,459 10,219 10,613 10,265 Equity attributable to: Equity holders of the Company 6,238 5,442 6,329 5,459 Non-controlling interests 4,221 4,777 4,284 4,806 10,459 10,219 10,613 10,265 (c) At no time had there been any significant restriction imposed on the Group on its ability to access or use the assets or settle the liabilities of any entities of the Group. (d) During the year ended 31 December 2023, Fortune Centre Group Limited, a wholly-owned subsidiary of the Company, entered into a shareholders agreement (the “Shareholders Agreement”) with Access Engineering PLC and Sri Lanka Ports Authority, in relation to the establishment and governance of South Asia Commercial and Logistics Hub Limited (the “Project Company”) for the implementation of South Asia Commercial and Logistics Hub Project (“SACLH Project”), a logistics centre in the Port of Colombo, which is located at the Western coast of Sri Lanka. The Project Company will be responsible for the financing, design, construction, development, operation, management and maintenance of the SACLH Project as a public private partnership on a “Build-Operate-Transfer” basis. Pursuant to the Shareholders Agreement, the Group shall have 70% interest in the Project Company. The Project Company is a subsidiary of the Group as the Group has the right to appoint the majority of board members of the board of directors, which is the authority to have power to direct the relevant activities of the Project Company. (e) During the year ended 31 December 2023, Peak Goal International Limited, a wholly-owned subsidiary of the Company entered into a repurchase agreement (“repurchase agreement”) with West Sea Port Management Limited, in relation to repurchase the 30% shareholding of Oasis King International Limited (“OKIL”), originally a non- wholly-owned subsidiary of the Company. The consideration of 30% shareholding amounts to Euro105 million (approximately HK$877 million), which was fully settled on 30 October 2023. The shareholding of OKIL is 100% after the repurchasing.