Annual Report 2023

China Merchants China Direct Investments Limited Annual Report 2023 139 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2023 15. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS (CONTINUED) The following are the details of all investments with a value of more than 5% of the Group’s total assets as at 31 December 2023 and 31 December 2022 and also details of ten largest investments of the Group. For the year ended 31 December 2023 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% 19.79 217 13.61 38.84% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 148 Nil 26.59% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 55 0.41 9.85% iFLYTEK Co., Ltd. Intelligent speech technology 0.29% 18.83 45 0.10 7.98% Xunfei Healthcare Technology Co., Ltd. Artificial intelligence medical 3.43% 16.40 41 Nil 7.29% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 28 2.05 5.00% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 4.38 21 1.81 3.83% Arashi Vision Inc. 360-degree video products 1.63% 4.27 18 Nil 3.25% Pony AI Inc. Autonomous driving 0.65% preferred shares 8.61 16 Nil 2.95% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 14 3.84 2.52%