Report of the Directors

DIRECTORS

The names of the Directors of the Company at the date of this Annual Report are set out on page 2.

On 30 March 1994, Mrs Carrie Yau Tsang Ka Lai was appointed as a Director to replace Mr Kevin Mak Iu Kwan.

On 22 September 1994, Sir Quo Wei Lee was appointed as a Director of the Company.

On 14 November 1994, Mr Isaac Chow Yiu Nam was appointed as a Director to replace Mrs Carrie Yau Tsang Ka Lai.

In accordance with articles 99 and 101 of the Company's articles of association, all existing Directors with the exception of Messrs. John Chan Cho Chak, Charles Lui Chung Yuen, Rafael Hui Si Yan and Isaac Chow Yiu Nam retire from the Board and, being eligible, offer themselves for re-election.

Brief biographical details of the Directors of the Company are set out on pages 5 to 9 of this Annual Report.

DIRECTORS' INTERESTS IN SHARES

At 31 December 1994, the Directors and their associates had the following interests in the

issued share capital of the Company as recorded in the register of Directors' interests in

shares :

Ordinary Shares of HK$1 each

Personal

Family Corporate

Other

Interests

Interests

Interests

Interests

The Hon Woo Pak Chuen, CBE, JP

210,047

Walter Kwok Ping Sheung

61,522

Yu Shu Chuen

4,819,553

70,803

Raymond Kwok Ping Luen

393,350

Ng Siu Chan

11,196,877

(Note 1)

951,671

(Note 2)

(Note 1)

1,249,533

(Note 3)

Ng Kwan Wai

3,025,221

T

1,249,533

(Note 3)

William Louey Lai Kuen

1,008,465

John Chan Cho Chak, CBE, LVO, JP

2,000

Charles Lui Chung Yuen

1,088,604

1

I

The Kowloon Motor Bus Company (1933) Limited

3,814,679

(Note 4)

39

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