Annual Report 2023

140 140 China Merchants China Direct Investments Limited Annual Report 2023 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) For the year ended 31 December 2022 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% 19.79 295 12.49 51.66% China Credit Trust Co., Ltd. Trust management 6.94% 50.49 141 Nil 24.57% China UnionPay Co., Ltd. Financial payment 0.17% 31.12 54 0.59 9.37% iFLYTEK Co., Ltd. Intelligent speech technology 0.29% 18.83 32 0.10 5.61% Anhui Iflytek Venture Capital LLP Information technology investment 14.95% 6.18 25 0.24 4.36% NBA China, L.P. Sports marketing 1% participating preferred unit 0.00 24 1.39 4.13% China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) Media investment 10.00% 0.00 23 Nil 4.05% JIC Leasing Co., Ltd. Finance leasing 4.98% 38.78 16 Nil 2.84% CASREV Fund III-RMB L.P. Technology & medical investment 1.11% 7.20 9 0.30 1.55% Ningbo Meishan Free Trade Port Area Jiangmen Venture Capital LLP Information technology investment 11.45% 3.45 8 0.17 1.45%