2018E — Page 23

REPORT OF THE DIRECTORS (CONTINUED)

RESERVES

Profits attributable to shareholders, before dividend, of HK$344,643,000 (2017 (restated): HK$311,125,000) have been transferred to reserves. Other movements in reserves during the year are set out in note 23 to the financial

statements.

PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES

During the year, neither the Company nor any of its subsidiaries had purchased, sold or redeemed any of the Company's listed securities.

ARRANGEMENT TO PURCHASE SHARES, WARRANTS, OPTIONS OR DEBENTURES

At no time during the year was the Company or any of its subsidiaries a party to any arrangement to enable the directors, chief executive of the Company or any of their spouses or children under eighteen years of age to acquire benefits by means of the acquisition of shares, options, debentures or warrants of the Company or any other body

corporate.

EQUITY-LINKED AGREEMENTS

For the year ended 31 December 2018, the Company has not entered into any equity-linked agreements.

FINANCIAL SUMMARIES

The five years' financial summary of the Group are set out on pages 168 to 170 of this Annual Report.

GROUP PROPERTIES

A summary of the Group's properties is set out on pages 171 and 172 of this Annual Report.

RETIREMENT PLANS

The Group's Hong Kong employees participate either in a defined benefit retirement scheme or a Mandatory Provident Fund scheme. Particulars of these retirement plans are set

out in note 16 to the financial statements.

DISCLOSURE PURSUANT TO RULES 13.20 AND 13.22 OF THE LISTING RULES

As at 31 December 2018, the Group had granted financial assistance and a guarantee to Win Standard Enterprises Limited, the Joint Venture Company held indirectly by the Company as to 50% and Empire Development Hong Kong Limited ("Empire Group") as to 50% as set out below:

Group's

attributable

interest

Amount of

advances

made by the Group Note 1

HK$'000

Guarantee given for the Joint Venture

Company in respect of a bank facility

Note 2

HK$'000

Total financial

assistance

made available

by the Group

HK$'000

The Joint Venture Company

50%

1,390,804

1,500,000

2,890,804

Hong Kong Ferry (Holdings) Company Limited

21

Annual Report 2018