1999 — Page 42

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Hong Kong Ferry (Holdings) Co. Ltd.

Notes on the Accounts

5. DIRECTORS' REMUNERATION

Directors' remuneration disclosed pursuant to section 161 of the Hong Kong Companies Ordinance

is as follows:

Fees

1999

HK$'000

1998

HK$'000

Executive directors

150

150

Independent non-executive directors

200

200

Other non-executive directors

250

350

Other emoluments

600

700

The remuneration of each of the eleven (1998: twelve) directors falls within the band of below

HK$1,000,000.

6. INDIVIDUALS WITH HIGHEST EMOLUMENTS

Of the five individuals with the highest emoluments, none of them is a director of the Company. The emoluments of the five highest paid employees are as follows:

Salaries and other emoluments

Retirement scheme contributions

1999

HK$'000

1998

HK$'000

7,042

7,126

707

1,024

7,749

8,150

The emoluments of the five individuals with the highest emoluments are within the following bands:

HK$

1,000,001 1,500,000

2,000,001-2,500,000

1999

Number of

individuals

1998

Number of

individuals

4

4

1

1