HUTCHISON PORT HOLDINGS TRUST 164 NOTES TO THE FINANCIAL STATEMENTS 16 Joint ventures Group 2025 2024 HK$’000 HK$’000 Share of net assets 4,637,218 4,617,651 Less: accumulated impairment (930,000) (930,000) 3,707,218 3,687,651 Details of principal joint ventures at 31 December 2025 and 2024 are as follows: Name Place of incorporation/ establishment Principal activities Eff ective interest held 2025 2024 COSCO-HIT Terminals (Hong Kong) Limited(1) Hong Kong Development and operation of a container terminal 50.00% 50.00% Asia Container Terminals Limited(1) Hong Kong Development and operation of a container terminal 40.00% 40.00% Beijing Leading Edge Container Services Company Limited China Provision of logistics services 50.00% 50.00% Mercury Sky Group Limited(2) British Virgin Islands Investment holding 50.00% 50.00% Shenzhen Leading Edge Port Services Co. Ltd.(1) China Provision of port agency services 49.00% 49.00% Yantian East Port International Container Terminals Limited (“YEPICT”)(1) China Development and operation of a container terminal 39.73% 39.73% (1) Audited by PricewaterhouseCoopers network fi rms (2) Not required to be audited under the laws of the country of incorporation There is no joint venture as at 31 December 2025, which in the opinion of the directors of the Trustee-Manager, is individually material to the Group. There are no material contingent liabilities relating to the Group’s interests in the joint ventures. Set out below is the Group’s share of the year’s total comprehensive income/(loss) from its joint ventures: 2025 2024 HK$’000 HK$’000 Net losses after tax (43,738) (43,360) Other comprehensive income/(loss) 72,289 (41,368) Total comprehensive income/(loss) 28,551 (84,728)
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