Annual Report 2023

42 42 China Merchants China Direct Investments Limited Annual Report 2023 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Mr. ZHOU Xing Mr. ZHANG Rizhong Mr. WANG Xiaoding Mr. TSE Yue Kit Mr. YANG Baiqian Mr. KANG Dong (Note 1) (Note 2) (Note 3) (Note 4) (Note 5) (Note 6) US$ US$ US$ US$ US$ US$ Iflytek Venture Capital (2nd installment capital contribution) N/A N/A 970 190 N/A N/A Qinghai Lake Tourism (1st installment capital contribution) N/A 640 3,200 320 N/A N/A Qinghai Lake Tourism (2nd installment capital contribution) N/A 1,920 9,600 960 N/A N/A Iflytek Venture Capital (3rd installment capital contribution) N/A N/A 970 190 N/A N/A The Jiangmen Ventures Fund N/A 1,280 3,840 1,280 N/A N/A Pony AI (1st round capital injection) N/A 1,270 6,370 1,270 N/A N/A Iflytek Venture Capital (4th installment capital contribution) N/A N/A 970 190 N/A N/A Pony AI (2nd round capital injection) N/A 1,280 1,280 1,280 N/A N/A Arashi Vision N/A 1,280 3,830 1,280 N/A N/A Xunfei Healthcare (1st round capital injection) N/A 6,420 19,260 1,280 N/A N/A Iflytek Venture Capital (5th installment capital contribution) N/A N/A 320 60 N/A N/A China UnionPay N/A 3,870 12,900 1,290 N/A N/A Iflytek Venture Capital (6th installment capital contribution) N/A N/A 640 130 N/A N/A CASREV Fund III (1st installment capital contribution) N/A 320 320 320 N/A N/A CASREV Fund III (2nd installment capital contribution) N/A 320 320 320 N/A N/A Huiyou Xingyao Fund (1st installment capital contribution) N/A 1,750 880 880 N/A N/A