Annual Report 2025

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2025 142 China Merchants China Direct Investments Limited Annual Report 2025 8. SEGMENTAL INFORMATION (CONTINUED) Segment profit (loss) represents the net gain (loss) on financial assets at FVTPL, the corresponding dividend income and other gains earned by each segment without allocation of central administrative expenses (including fees to China Merchants China Investment Management Limited (the “ Investment Manager ”)), interest income on bank deposits and certain other (losses) gains. This is the measure reported to the chief operating decision maker for the purposes of resources allocation and performance assessment. No separate segment revenue (i.e. investment income) is disclosed as it had been presented in the computation of segment profit (loss). The following is an analysis of the Group’s assets and liabilities by reportable and operating segments: 2025 2024 US$ US$ Segment assets Financial services 546,423,904 473,715,575 Culture, media and consumption 41,150,658 51,369,555 Information technology 409,359,403 239,344,269 Total assets for reportable segments 996,933,965 764,429,399 Others 16,953,105 11,223,270 Unallocated 31,776,469 31,141,512 Consolidated assets 1,045,663,539 806,794,181 Segment liabilities Financial services 52,549 70,971 Culture, media and consumption 13,542 60,916 Information technology 2,093,380 951,004 Total liabilities for reportable segments 2,159,471 1,082,891 Others 81,453 70,235 Unallocated 208,768,403 158,263,150 Consolidated liabilities 211,009,327 159,416,276 For the purposes of monitoring segment performance and allocating resources between segments: All assets are allocated to reportable segments other than assets of non-reportable segments, certain other receivables and prepayments, cash and cash equivalents, and all liabilities are allocated to reportable segments other than liabilities of non-reportable segments, certain other payables, current and deferred tax liabilities. During the year, the Group was principally involved in investing in companies with significant business involvement in the PRC, and hence no geographical information in relation to the investing activities is presented.