No attribution has been made to the directors in respect of the 33,468 shares in the company included in the estate of the late Madam Wong Yick-mui, wife of Mr. Ngan Shing-kwan.
Madam Ngan Kit-ling is interested, as nominee of the company, in 10 ordinary shares in Island Communication Enterprises Limited, a wholly-owned subsidiary of the company.
Madam Ngan Kit-ling is the sole proprietor of Ngan & Co., one of the company's solicitors, and as such has an interest in legal fees and expenses paid by the company to that firm.
At no time during the year was the company or its subsidiary a party to any arrangements to enable the directors of the company to acquire benefits by means of the acquisition of shares in or debentures of the company or any other body corporate.
SUMMARY OF FINANCIAL DATA
A summary of the group's financial data for the last five years is shown on page 23.
AUDITORS
A resolution for the reappointment of KPMG Peat Marwick as auditors of the company is to be proposed at the forthcoming ordinary yearly meeting.
Hong Kong, 17th October, 1990
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By Order of the Board NGAN Shing-kwan Chairman