Annual Report 2022

134 China Merchants China Direct Investments Limited Annual Report 2022 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2022 15. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) For the year ended 31 December 2021 Name of investees Description of the business Proportion of investee’s capital owned Investment cost Carrying value Dividend/ distribution received during the year % of the Group’s net assets as at year end attributable to the investment US$ million US$ million US$ million China Merchants Bank Co., Ltd. Banking 0.22% 19.79 422 10.68 52.40% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 218 2.77 27.08% Iflytek Co., Ltd. Intelligent speech technology 0.29% 18.83 56 0.20 6.96% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 51 0.20 6.29% Anhui iFlyHealth Co., Ltd. (formerly Anhui iFlytek Healthcare Information Technology Co., Ltd.) Artificial intelligence medical 3.51% 16.41 40 Nil 5.07% Pony AI Inc. Autonomous driving 0.67% Preferred shares 8.61 34 Nil 4.28% China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Media investment 10.00% 0.00 28 Nil 3.43% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 21 Nil 2.64% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 12 0.49 1.54% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 6.42 11 1.79 1.38%