1991 — Page 39

REPORT OF THE DIRECTORS

董事會報告書

PURCHASE, SALE OR REDEMPTION OF

THE COMPANY'S LISTED SECURITIES

No purchase, sale or redemption of the

Company's own shares was made by the Company during the year.

BANK LOANS, OVERDRAFTS

AND OTHER BORROWINGS

Particulars of bank loans, overdrafts and other borrowings of the Company are set out in Note 17 on the accounts.

FINANCIAL SUMMARY

A summary of the results and of the assets and liabilities of the Company for the year ended 31st

December, 1991 and for the previous five financial years are set out on pages 4 and 5.

購回、出售或贖回本公司之股份

本年度內本公司並無購回、出售或贖回本公司之 股份。

銀行借款、透支及其他借款

本公司向銀行借款、透支及其他借款之詳情,載 於賬項附註十七。

財政滙告

本公司截至一九九一年十二月三十一日止年度與 前五個財政年度之業績、資產及負債撮要刊於第 四頁至五頁。

AUDITORS

KPMG Peat Marwick retire and, being eligible,

offer themselves for reappointment.

By Order of the Board

PC Woo

Chairman

Hong Kong, 9th April, 1992

核數師

畢馬域會計師行告退,但依章得候聘復任。

承董事會命

主席

胡百全

香港一九九二年四月九日

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