Annual Report 2025

CORPORATE GOVERNANCE REPORT (CONTINUED) China Merchants China Direct Investments Limited Annual Report 2025 69 BOARD OF DIRECTORS (CONTINUED) Investment Committee The Board has established an Investment Committee, of which currently has four members, to approve transactions (investments or realisations) of over US$20 million each (effective from 5 February 2010) and to supervise the day-to- day management functions of the Investment Manager. Currently, the Committee members include two Executive Directors and two Non-executive Directors. During the year under review, the Investment Committee has considered and approved the proposal relating to disposal all interests of JIC Leasing Co., Ltd, the proposal relating to further extension of investment horizon of China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership) and the proposal relating to disposal of Shares in Pony AI Inc. BOARD DIVERSITY POLICY The Company has a board diversity policy (the “ BD Policy ”) since August 2013. A summary of the BD Policy, together with the measurable objectives set for implementing the BD Policy, and the progress made towards achieving those objectives are disclosed as below. Summary of the BD Policy The Company sees increasing diversity at the Board level as an essential element in supporting the attainment of its strategic objectives and its sustainable development. In designing the Board’s composition, the Board diversity has been considered from a number of aspects, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service. All Board appointments will be based on meritocracy, and candidates will be considered against objective criteria, having due regard for the benefits of diversity (including gender diversity) on the Board. Measurable Objectives Selection of candidates will be based on a range of diversity perspectives, including but not limited to gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge and length of service. The ultimate decision will be based on merit and contribution that the selected candidates will bring to the Board.