CONTENTS PAGE Corporate Information 2 Chairman’s Statement 4 Investment Manager’s Discussion and Analysis 8 Financial Highlights 45 Directors’ Report 47 Corporate Governance Report 62 Environmental, ...

46 China Merchants China Direct Investments Limited Annual Report 2024 FINANCIAL HIGHLIGHTS (CONTINUED) NET ASSETS (US$’000) 0 200,000 400,000 600,000 800,000 ...

China Merchants China Direct Investments Limited Annual Report 2024 83 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) MATERIALITY ASSESSMENT (CONTINUED) 9 10 4 6 8 7 11 3 2 1 5 12 13 ...

China Merchants China Direct Investments Limited Annual Report 2024 41 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) SUB-PARTICIPATION SCHEME (CONTINUED) Name of projects Original ...

92 China Merchants China Direct Investments Limited Annual Report 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) SOCIAL RESPONSIBILITY (CONTINUED) Employee Health and Wellbeing The ...

China Merchants China Direct Investments Limited Annual Report 2024 97 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) SOCIAL RESPONSIBILITY (CONTINUED) Protection of Intellectual Property ...

China Merchants China Direct Investments Limited Annual Report 2024 131 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 6. NET GAIN (LOSS) ON FINANCIAL ...

China Merchants China Direct Investments Limited Annual Report 2024 147 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) For the year ended 31 December 2024 26. RECONCILIATION OF LIABILITIES ...

96 China Merchants China Direct Investments Limited Annual Report 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) SOCIAL RESPONSIBILITY (CONTINUED) Responsible Investment (continued) Due ...

86 China Merchants China Direct Investments Limited Annual Report 2024 ENVIRONMENTAL, SOCIAL AND GOVERNANCE REPORT (CONTINUED) ENVIRONMENTAL PROTECTION (CONTINUED) Green Office and Operation ...

China Merchants China Direct Investments Limited Annual Report 2024 33 INVESTMENT MANAGER’S DISCUSSION AND ANALYSIS (CONTINUED) REVIEW OF INVESTMENTS (CONTINUED) Immvira Bioscience Inc. (“Immvira”) ...

China Merchants China Direct Investments Limited Annual Report 2024 55 DIRECTORS’ REPORT (CONTINUED) BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT (CONTINUED) Mr. ZHU Qi, aged 64, has been ...