Annual Report 2025

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2025 China Merchants China Direct Investments Limited Annual Report 2025 139 6. NET GAIN ON FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT OR LOSS The following is an analysis of net gain (loss) on investments of the Group for the year ended 31 December 2025. The amounts of realised gain (loss) represent the difference between the fair value at the beginning of the year or purchase date in the year and the disposal date of financial instruments while the amounts of unrealised gain (loss) represent the change of fair value during the year of financial instruments held by the Group as at the year end: 2025 2024 US$ US$ Net gain (loss) on financial assets at FVTPL Listed investments Realised 2,882,675 — Unrealised 174,647,280 102,269,061 Unlisted investments Realised 3,341 (92,282) Unrealised 52,574,702 35,322,884 Total 230,107,998 137,499,663 7. INVESTMENT INCOME 2025 2024 US$ US$ Interest income on bank deposits 509,636 608,748 Dividend income on financial assets at FVTPL Listed equity investments 15,549,999 15,431,368 Unlisted equity investments 3,061,045 1,748,206 18,611,044 17,179,574 Total 19,120,680 17,788,322