China Merchants China Direct Investments : BREAKDOWN OF TOTAL ASSETS AS AT 31 DECEMBER 2016 (in PDF)

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CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED 招 商 局 中 國 基 金 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 133) BREAKDOWN OF TOTAL ASSETS AS AT 31 DECEMBER 2016

The following table shows the unaudited figures of a breakdown of total assets of China Merchants China Direct Investments Limited (the "Company") as at 31 December 2016.

(A) Direct Investments

Listed (Stock

Location of Main Exchange)/ Carrying Percentage of

Name of projects headquarters Business unlisted value total assets

(US$ million) %

Financial Services:

1.	China Merchants Bank Co., Ltd.	Shenzhen, Guangdong	Banking	Shanghai Stock Exchange	140	20.37
2.	Industrial Bank Co., Ltd.	Fuzhou, Fujian	Banking	Shanghai Stock Exchange	102	14.86
3.	China Credit Trust Co., Ltd.	Beijing	Trust management	Unlisted	170	24.75
4.	JIC Leasing Co., Ltd.	Beijing	Finance leasing	Unlisted	34	4.99
5.	China Media (Tianjin) Investment Management Co., Ltd.	Tianjin	Fund management	Unlisted	2	0.21
Sub-total:	448	65.18

Culture, Media & Consumption:

6. China Media Creative Industry Private Equity (Shanghai) Centre (Limited Partnership)

Shanghai Media investment Unlisted 21 3.05

7.	NBA China, L.P.	Beijing	Sports marketing	Unlisted	27	3.88
8.	Unibank Media Group Inc.	Beijing	Indoor media	Unlisted	3	0.48
9.	Esurfing Media Co., Ltd.	Shanghai	Mobile & online videos platform	Unlisted	16	2.30
10.	Shanghai Oriental Pearl Media Co., Ltd.	Shanghai	Multimedia	Shanghai Stock Exchange	10	1.46
11.	Yunnan Jinlanmei International Travel Investment Development Co., Ltd.	Jinghong, Yunnan	Travel	Unlisted	1	0.21
12.	Rong Bao Zhai Culture Co., Ltd.	Beijing	Artwork marketing	Unlisted	29	4.19
Sub-total:	107	15.57

Manufacturing:
13. Shenzhen Geesun Zhiyun		Shenzhen,	Production	Unlisted	4	0.53
Technology Co., Ltd.		Guangdong	equipment for
lithium ion batteries
14. Jiangsu Huaer Quartz Materials		Yangzhou,	High purity	Unlisted	0	0.07
Co., Ltd.		Jiangsu	silica crucibles
15. Hwagain Group Co., Ltd.		Nanning,	Printing paper &	Unlisted	6	0.86
Guangxi	tissue paper
Sub-total:	10	1.46
Others:
(i) Energy & Resources:
16. Wuhan Rixin Technology Co.,		Wuhan,	Solar energy	New Third	5	0.64
Ltd.		Hubei	Board
(ii) Information Technology:
17. Xi'an Jinpower Electrical Co., Ltd.		Xi'an,	Power grid	New Third	2	0.23
Shaanxi	monitoring system	Board
18. Anhui Iflytek Venture Capital LLP		Hefei,	Information	Unlisted	5	0.75
Anhui	technology
investment
(iii) Medical & Pharmaceutical:
19.	Nanjing Sanhome Pharmaceutical	Nanjing,	Pharmaceutical	Unlisted	21	3.05
Co., Ltd.	Jiangsu
(iv)	Education:
20.	Guangxi Xinhua Preschool	Nanning,	Preschool	Unlisted	7	1.06
Education Investment	Guangxi	education
Corporation Limited
Sub-total:	40	5.73
Total:	605	87.94
(B)	Listed Investments (acquired in the secondary market)
(i) 21.	Financial Services: China Reinsurance (Group) Beijing Reinsurance			Hong Kong	16	2.32
Corporation			Stock Exchange
(ii) 22.	Information Technology: Iflytek Co., Ltd. Hefei, Smart voice			Shenzhen	18	2.57
Anhui technology			Stock Exchange
Total:			34	4.89

(C) Other Assets

Other receivables N/A N/A 12 1.72

Bank balances and cash (including an amount of US$15.49 million, denominated in RMB)

N/A N/A 37 5.45

Total: 49 7.17

Grand total: 688 100.00

Note:

The Company carries its investments (specifically financial assets) at fair value in accordance with the Hong Kong Financial Reporting Standards. The Company selects appropriate valuation techniques for investments not quoted in an active market. Valuation techniques commonly used by market practitioners are applied, and an independent valuer has been participating in the valuation of certain investments. The values assigned to the investments are estimated with the best information available to the Company.

For and on behalf of

CHINA MERCHANTS CHINA DIRECT INVESTMENTS LIMITED

WANG Xiaoding

Director

Hong Kong, 13 January 2017

As at the date hereof, the Executive Directors of the Company are Mr. HONG Xiaoyuan, Mr. LI Yinquan, Mr. CHU Lap Lik, Victor, Mr. WANG Xiaoding and Mr. TSE Yue Kit; the Non-executive Director is Mr. KE Shifeng; and the Independent Non-executive Directors are Mr. LIU Baojie, Mr. ZHU Li, Mr. TSANG Wah Kwong and Dr. LI Fang. In addition, Ms. KAN Ka Yee, Elizabeth is the Alternate Director to Mr. CHU Lap Lik, Victor.