REPORT OF THE DIRECTORS (CONTINUED)
FIXED ASSETS
Movements in fixed assets during the year are set out in note 13
to the financial statements.
SHARE CAPITAL
Details of the movements in share capital of the Company during the year are set out in note 23 to the financial statements.
These movements include the automatic inclusion of the
amounts standing to the share premium account in share capital
as from 3 March 2014 in accordance with section 37 of Schedule
11 to the new Hong Kong Companies Ordinance (Cap. 622), as part of the transition to the no-par value regime.
DIRECTORS
The directors of the Company during the year ended 31 December 2014 and up to the date of this report were:-
Executive Directors
Dr. Lam Ko Yin, Colin (Chairman)
Mr. Li Ning
Non-executive Directors
Mr. Au Siu Kee, Alexander
Mr. Lau Yum Chuen, Eddie
Dr. the Hon. Lee Shau Kee
Mr. Wong Man Kong, Peter
Independent Non-executive Directors
Mr. Ho Hau Chong, Norman
Mr. Leung Hay Man
Ms. Wong Yu Pok, Marina
Mr. Wu King Cheong
In accordance with Article 103(A) of the Company's Articles of Association, Dr. Lam Ko Yin, Colin, Mr. Lau Yum Chuen, Eddie, Dr. Lee Shau Kee and Mr. Wong Man Kong, Peter shall retire by rotation at the forthcoming AGM, and, being eligible, offer themselves for re-election as directors.
The Company has received from each Independent Non- executive Director an annual confirmation of his/her
independence pursuant to Rule 3.13 of the Listing Rules and the Company considered all of them to be independent.
BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT
Biographical details of Directors and Senior Management are set out on pages 3 to 8 of this Annual Report.
DIRECTORS' AND CHIEF EXECUTIVE'S REMUNERATION
Details of Directors' and Chief Executive's remuneration are set
out in note 7 to the financial statements.
DIRECTORS' INTEREST IN CONTRACTS
Except for the "Connected Transactions" as disclosed in this report, no other contract of significance to which the Company, or any of its holding company, subsidiaries or fellow subsidiaries was a party, and in which a director of the Company had a material interest, subsisted at the end of the year or at any time during the year.
DIRECTORS' SERVICE CONTRACTS
None of the directors proposed for re-election at the 2015 AGM has a service contract with the Company which is not
determinable by the Company or any of its subsidiaries within
one year without payment other than statutory compensation.
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Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
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