1996 — Page 123

4 DIRECTORS' REMUNERATION

Directors' remuneration disclosed pursuant to Section 161 of the Companies Ordinance is as follows:

1996

HK$'000

1995

HK$'000

Fees

470

417

Salaries and allowances

7,083

5,719

Discretionary and performance related bonuses

5,560

4,195

Retirement fund contributions

1,242

1,071

14,355

11,402

Fees and other emoluments in respect of independent non-executive Directors for the year ended 31 December 1996 amounted to HK$500,000 (1995: HK$460,000).

The Directors' remuneration is analysed as follows:

Exceeding

Not exceeding

Number of directors

1996

1995

Nil

HK$1,000,000

7

9

HK$1,500,000

HK$2,000,000

1

HK$2,500,000

HK$3,000,000

1

HK$3,000,000

HK$3,500,000

1

HK$6,500,000

HK$7,000,000

1

HK$7,500,000

HK$8,000,000

1

50