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Investor Presentaiton

HKAS 1.51 HK Listco Ltd Year ended 31 December 2023 C(DR)R.5 A16(10)(4) R10.06(4)(b) A16(29) Share capital¹² Details of the movements in share capital of the company during the year are set out in note 32(c) to the financial statements. Shares were issued during the year on exercise of share options and bonus issue. Details about the issue of shares are also set out in note 32(c) to the financial statements. Except for the repurchase of the company's own ordinary shares as set out in note 32(c)(iii) to the financial statements, there were no purchases, sales or redemptions of the company's listed securities by the company or any of its subsidiaries during the year 13. Shares were repurchased during the year to reduce the dilutive effect of granting share options. Distributability of reserves¹4 At 31 December 2023, the aggregate amount of reserves available for distribution to equity shareholders of the company, as calculated under the provisions of Part 6 of the Hong Kong Companies Ordinance and including the distributable amounts disclosed in note 32(d)(iii) to the financial statements 15, was $205,080,000 (2022: $168,369,000). After the end of the reporting period the directors proposed a final dividend of 60 cents per ordinary share (2022: 55 cents per share), amounting to $59,700,000 (2022: $49,500,000) (note 32(b)). This dividend has not been recognised as a liability at the end of the reporting period. S390(1), (3) Directors The directors during the financial year were: Non-executive Chairman Hon WS Tan Executive directors SK Ho, Chief Executive Officer YK Ng PK Smith (alternate: BB Nash) CJ Wang (appointed on 18 June 2023) BC Tong (resigned on 31 March 2023) C(DR)R.5, 5A 12 A16(10)(4) 13 A16(29) Section 5 of C(DR)R requires disclosure of the following information in the directors' report if the company has issued any shares during the year: the reason for making the issue; • the classes of shares issued; and ⚫ for each class of share, the number of shares issued and the consideration received by the company for the issue. Section 5A of C(DR)R requires similar disclosures for issue of debentures. A negative statement is required if there is no purchase, sale or redemption by the listed issuer, or any of its subsidiaries, of its listed securities during the financial year. 14 Paragraph 29 of Appendix 16 to the MBLRS requires a listed issuer to include a statement of the reserves available for distribution to shareholders in its annual report. In the case of an issuer incorporated under the CO, the amount should be calculated with reference to the requirements of sections 291, 297 and 299 of Part 6 of the CO. In all other cases, paragraph 29 states that the amount should be calculated in accordance with any statutory provisions applicable the listed issuer's place of incorporation or, in the absence of such provisions, with generally accepted accounting principles. 15 In May 2010, the HKICPA issued Accounting Bulletin 4 to provide further guidance on calculating distributable profits under the predecessor Companies Ordinance. As the requirements under the predecessor Companies Ordinance have been brought forward largely unchanged, the guidance in Accounting Bulletin 4 continues to be applicable under the CO even though, as of the time of writing, the CO section references have not yet been updated. 14 © 2023 KPMG, a Hong Kong partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved.
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