Annual Report 2019

INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2019 34 SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Original investment amount of the Fund Original amounts actually paid by the Participants Relative proportion US$* US$* Iflytek 18,827,500 33,500 0.178% Iflytek Venture Capital (1st installment capital contribution) 5,193,900 9,270 0.178% Rong Bao Zhai Culture (1st installment capital contribution) 28,855,000 86,790 0.301% Rong Bao Zhai Culture (2nd installment capital contribution) 14,505,400 43,240 0.298% Iflytek Venture Capital (2nd installment capital contribution) 2,008,800 3,480 0.178% Qinghai Lake Tourism (1st installment capital contribution) 7,502,800 9,590 0.128% Qinghai Lake Tourism (2nd installment capital contribution) 22,927,700 28,800 0.126% Iflytek Venture Capital (3rd installment capital contribution) 2,146,800 3,480 0.178% The Jiangmen Ventures Fund 4,741,800 20,470 0.432% Cambricon 5,940,100 90,480 1.523% Pony AI (1st round capital injection) 8,000,000 35,680 0.446% Iflytek Venture Capital (4th installment capital contribution) 1,991,910 3,480 0.178% Pony AI (2nd round capital injection) 607,270 10,200 1.680% Arashi Vision 2,827,650 26,820 0.948% iFlytek Healthcare 8,600,700 48,790 0.567% * Calculated with prevalent exchange rates at the time of the amounts paid