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 143 9. PROFIT BEFORE TAXATION 2025 2024 US$ US$ Profit before taxation has been arrived at after charging: Auditor’s remuneration 182,316 175,265 Net foreign exchange loss 153,862 230,097 Investment Manager’s management fee (note 27 (a)) 1,274,722 10,673,598 Directors’ fees 213,358 220,319 10. DIRECTORS’ EMOLUMENTS The Group has no chief executives and the Directors’ fees paid or payable to each of the 13 (2024: 11) Directors were as follows: 2025 2024 US$ US$ Executive Directors: Mr. WANG Xiaoding — — Ms. KAN Ka Yee, Elizabeth (Note a) — — — —