China Merchants China Direct Investments Limited has established a Remuneration Committee under a board resolution dated 5 June 2026.

The committee must comprise at least three members, with independent non-executive directors forming a majority. A minimum quorum of two members is required, and the chairperson must also be an independent non-executive director.

Key operating rules include holding meetings at least once a year and the ability to engage external professional advisers at the company’s expense whenever necessary.

The board has authorised the committee to review, advise and recommend—though not independently decide on—remuneration matters for directors and senior management. Core responsibilities cover:

• Developing and recommending overall remuneration policy and structure, ensuring a formal and transparent process. • Conducting annual reviews of packages for the CEO, executive directors and senior management, with reference to performance, peer-company pay levels, time commitment and prevailing employment conditions across the group. • Recommending terms covering benefits in kind, pension rights and compensation for loss or termination of office. • Approving compensation arrangements for dismissals or removals related to misconduct, making sure they align with contractual terms and are not excessive. • Ensuring directors or their associates do not participate in decisions on their own remuneration. • Handling matters related to share schemes under Chapter 17 of the Hong Kong Listing Rules.

The committee will report its decisions and recommendations to the board except where legal or regulatory restrictions apply.