Notes on the Accounts

Hong Kong Ferry (Holdings) Co. Lia.

14. INTEREST IN SUBSIDIARIES

Ordinary share capital

% held

% held

Issued

(HK$)

by the

Company

by a

subsidiary

Principal

activities

HYFCO Travel Agency Limited

3,500,000

100

Travel

business

The Hongkong and

100,000,000

100

Ferry

Yaumati Ferry Company Limited

operations

Fine Time Development Limited

2

100

Galaxy Hotel Management

Company Limited

1,350,000

|

100

Property

investment

Hotel

management

and floating

restaurant

business

Ship

World Fame Shipping Limited

2

100

management

Genius Star Development Limited

2

100

Godown

business

Hong Kong Ferry Finance

2

100

Group

Company Limited

financing

Pico International Limited

6,000,000

100

Investment

holding

Thommen Limited

20

100

Investment

holding

Lenfield Limited

2

100

Property

development

HKF Property Investment Limited.

2

100

Property

development

All the above subsidiaries are incorporated and operate in Hong Kong.

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