Annual Report

Contents

Corporate Information Financial Highlights and Calendar Chairman’s Statement Management Discussion and Analysis Directors and Senior Management Corporate Governance Report Report of the Directors Independent Auditors’ Report Audited Financial Statements Consolidated Income Statement Consolidated Balance Sheet Consolidated Statement of Changes in Equity Consolidated Cash Flow Statement Balance Sheet Notes to Financial Statements Financial Summary 35 36 38 39 41 42 104 2 3 5 9 15 18 24 33

Corporate Information

Board of Directors

Executive Directors

Mr. Chung Wai Ping (Chairman) Mr. Wong Ka Wing Mr. Chung Ming Fat Mr. Leung Yiu Chun (Chief Executive Officer) Ms. Wong Fun Ching Mr. Ho Yuen Wah

Registered Office

Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman, KY1-1111 Cayman Islands

Principal Place of Business in Hong Kong

No. 13 Au Pui Wan Street, Fo Tan Shatin, New Territories, Hong Kong

Non-executive Directors

Mr. Fong Siu Kwong Mr. Chan Yue Kwong, Michael

Independent Non-executive Directors

Mr. Li Tze Leung Professor Chan Chi Fai, Andrew Mr. Mak Hing Keung, Thomas Mr. Ng Yat Cheung

Principal Share Registrar

Butterfield Fund Services (Cayman) Limited Butterfield House, 68 Fort Street P.O. Box 705, Grand Cayman KY1-1107, Cayman Islands

Company Secretary

Mr. Leung Yiu Chun FCCA, FCPA

Hong Kong Branch Share Registrar

Computershare Hong Kong Investor Services Limited Shops 1712–16, 17th Floor, Hopewell Centre 183 Queen’s Road East Wanchai, Hong Kong

Qualified Accountant

Ms. Tsang Wing Ka CPA

Principal Bankers Authorised Representatives

Mr. Leung Yiu Chun Mr. Ho Yuen Wah Bank of China (Hong Kong) Limited Bank of East Asia, Limited DBS Bank (Hong Kong) Limited Hang Seng Bank Limited Standard Chartered Bank (Hong Kong) Limited

Members of Audit Committee

Mr. Mak Hing Keung, Thomas (Chairman) Mr. Li Tze Leung Professor Chan Chi Fai, Andrew

Principal Auditors

Ernst & Young

Members of Nomination...