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 155 23. SHARE CAPITAL OF THE COMPANY Number of shares US$ Issued and fully paid: At 1 January and 31 December 2024, 1 January and 31 December 2025 – Ordinary shares with no par value 152,333,013 139,348,785 24. RESERVES OF THE COMPANY Translation reserve Retained profits Total US$ US$ US$ Balance at 1 January 2024 (1,540,618) 99,249,734 97,709,116 Profit for the year — 42,015,589 42,015,589 Exchange difference (957,387) — (957,387) Total comprehensive income for the year (957,387) 42,015,589 41,058,202 2023 final and special dividends paid — (12,186,641) (12,186,641) 2024 interim dividend paid — (6,093,321) (6,093,321) Balance at 1 January 2025 (2,498,005) 122,985,361 120,487,356 Profit for the year — 32,104,772 32,104,772 Exchange difference 1,728,793 — 1,728,793 Total comprehensive income for the year 1,728,793 32,104,772 33,833,565 2024 final dividend paid — (6,093,321) (6,093,321) 2025 interim and special interim dividends paid — (12,186,641) (12,186,641) Balance at 31 December 2025 (769,212) 136,810,171 136,040,959