Annual Report 2023

China Merchants China Direct Investments Limited Annual Report 2023 9 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) THE PORTFOLIO As of 31 December 2023, the Fund’s total investments amounted to US$683.31 million. The sector distribution of investments was US$380.13 million in financial services (representing 54.93% of the Fund’s total assets), US$42.11 million in culture, media and consumption (6.08%), US$249.03 million in information technology (36.00%), and US$12.04 million in other ventures (including manufacturing, energy and resources, and medical, etc.) (1.74%). In addition, cash and cash equivalents were US$8.63 million, representing 1.25% of the Fund’s total assets as of 31 December 2023. TOTAL ASSETS DISTRIBUTION Financial Services Investment 54.93% Other Ventures 1.74% Cash 1.25% Others 0.00% Information Technology Investment 36.00% Culture, Media and Consumption Investment 6.08% Financial Services Investment 63.47% Other Ventures 2.70% Cash 3.56% Others 0.01% Information Technology Investment 22.76% Culture, Media and Consumption Investment 7.50% As of 31 December 2023 As of 31 December 2022