Annual Report 2023

197 ANNUAL REPORT 2023 40. PARTICULARS OF PRINCIPAL SUBSIDIARIES (CONTINUED) Place of Issued incorporation/ share capital/ registration registered Proportion of effective ownership Name of subsidiary and operation capital interest held by the Company Principal activities Directly Indirectly 2023 2022 2023 2022 % % % % Shenzhen Haixing Harbour Development Company Ltd. (Note (b)) PRC RMB530,729,167 — — 67.00 67.00 Provision of container terminal services in Mawan Port Zone, Shenzhen, China Shenzhen Jinyu Rongtai Investment Development Company Limited PRC RMB800,000,000 — — 100.00 100.00 Property holding Shenzhen Mawan Terminals Co., Ltd. (Note (b)) PRC RMB335,000,000 — — 70.00 70.00 Operation of berths No. 5 to 7 in Mawan Port Zone Shenzhen, China Shenzhen Mawan Wharf Co., Ltd. (Note (b)) PRC RMB200,000,000 — — 70.00 70.00 Operation of berth No. 0 in Mawan Port Zone, Shenzhen, China South Asia Commercial and Logistics Hub Limited (Note (h)) Republic of Sri Lanka US$37,142,858 — — 70.00 70.00 Provision of port related logistics services in Colombo, Sri Lanka TCP Participações S.A. Federative Republic of Brazil Brazilian Real 68,851,561 — — 77.45 77.45 Provision for container terminal services in Paranaguá, Brazil Xia Men Bay China Merchants Terminals Co., Ltd. (Notes (b) and (d)) PRC RMB444,500,000 — — 31.00 31.00 Provision of terminal services and ports transportation Zhangzhou China Merchants Port Co., Ltd. (Note (b)) PRC RMB1,167,000,000 — — 60.00 60.00 Operation of berths No. 3 to 6 in the Zhangzhou Economic Development Zone, Fujian Province, China Zhangzhou China Merchants Tugboat Company Limited (Note (b)) PRC RMB15,000,000 — — 70.00 70.00 Operation of tugboats in the Zhangzhou Economic Development Zone, Fujian Province, China 安運捷碼頭倉儲服務 ( 深圳 ) 有限公司 (Note (a)) PRC RMB60,600,000 — — 80.00 80.00 Holding of certain pieces of land in Shekou, China