Annual Report 2019

INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2019 36 SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Mr. ZHANG Rizhong Mr. WANG Xiaoding Mr. TSE Yue Kit Mr. LAW Hung Kuen, Janson (Note 1) (Note 2) (Note 3) (Note 4) US$ US$ US$ US$ China Re N/A 12,900 1,290 1,290 Jinlanmei Travel (1st installment capital contribution) N/A 3,220 640 640 Iflytek N/A 12,890 1,290 1,290 Iflytek Venture Capital (1st installment capital contribution) N/A 6,440 1,290 1,290 Rong Bao Zhai Culture (1st installment capital contribution) N/A 8,590 860 860 Rong Bao Zhai Culture (2nd installment capital contribution) N/A 4,290 420 420 Iflytek Venture Capital (2nd installment capital contribution) N/A 970 190 190 Qinghai Lake Tourism (1st installment capital contribution) 640 3,200 320 320 Qinghai Lake Tourism (2nd installment capital contribution) 1,920 9,600 960 960 Iflytek Venture Capital (3rd installment capital contribution) N/A 970 190 190 The Jiangmen Ventures Fund 1,280 3,840 1,280 1,280 Cambricon 6,370 22,940 1,270 1,270 Pony AI (1st round capital injection) 1,270 6,370 1,270 2,550 Iflytek Venture Capital (4th installment capital contribution) N/A 970 190 190 Pony AI (2nd round capital injection) 1,280 1,280 1,280 1,280 Arashi Vision 1,280 3,830 1,280 2,550 iFlytek Healthcare 6,420 19,260 1,280 5,140 Note 1: Director of the Fund and Chairman of the Investment Manager Note 2: Director of the Fund and Director & General Manager of the Investment Manager Note 3: Director of the Fund and Director of the Investment Manager Note 4: Director of the Investment Manager Mr. WANG Xiaoding Director & General Manager China Merchants China Investment Management Limited Hong Kong, 30 March 2020