Annual Report 2025

ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) 92 China Merchants China Direct Investments Limited Annual Report 2025 ENVIRONMENTAL PROTECTION (CONTINUED) Climate-related Disclosure (continued) Risk Management (continued) Moreover, the Company has disclosed the number and value of proprietary investments and loans by sector in the Investment Manager’s Discussion and Analysis section of the Annual Report, among which the following proprietary investments deployed towards climate-related risks and opportunities: Name of Projects Main Business Value (US$ million) Wuhan Rixin Technology Co., Ltd. Solar Energy 0.99 Given the current challenges and resource constraints in conducting a reliable and meaningful quantitative analysis, the Company has applied the relevant disclosure reliefs and therefore does not provide quantitative financial information on assets or business activities affected by climate-related physical risks, transition risks, and opportunities at this stage. Looking ahead, we will continue to explore the feasibility to enhance our monitoring and measurement capabilities to support more robust tracking of climate-related financial metrics. Details relating to internal carbon pricing, together with quantitative financial information on assets or business activities affected by climate-related physical risks, transition risks and opportunities, may be considered for disclosure in future reporting periods, subject to data availability. Targets Considering the Company has no Scope 1 and Scope 2 GHG emissions, we have established five climate-related targets 6 , covering paper, plastic, electricity, and water consumption, as well as sustainable investment. The targets, formulated by the Board, are reviewed and monitored by the ESG Taskforce, which reports to the Board on progress at least annually. 6 The current targets have been set based on the Company’s nature and business conditions, rather than international commitments or sectoral decarbonisation pathways, and have not been validated by any third party. All targets focus on gross GHG emissions, and the Company has no short-term intention to employ carbon credits to offset emissions in achieving any net-emissions target.