Investor Presentaiton
HKAS 1.51
Independent non-executive directors
TY Sham
YH Li
AC Man
HK Listco Ltd
Year ended 31 December 2023
CP
CP
A16(14)
The following directors were appointed after the end of the financial year 16:
AB Clark (appointed on 25 March 2024)
EF Graves (appointed on 25 March 2024)
A full list of the names of the directors of the group's subsidiaries can be found in the company's website at
www.hk_listco.com.hk under "About HK Listco/Board of Directors". 1
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Messrs CJ Wang, AB Clark and EF Graves, having been appointed to the board since the date of the last annual
general meeting, retire at the forthcoming annual general meeting in accordance with article 87 of the company's
articles of association and, being eligible, offer themselves for re-election.
In accordance with article 88 of the company's articles of association, Mr PK Smith retires from the board by
rotation at the forthcoming annual general meeting and, being eligible, offers himself for re-election.
No director proposed for re-election at the forthcoming annual general meeting has an unexpired service contract
which is not determinable by the company or any of its subsidiaries within one year without payment of
compensation, other than normal statutory obligations 18.
S390(1)(a)(ii)
16 The CO requires the disclosure of directors' names to the date of approving the directors' report. This means that the names of directors
appointed after the financial year end but before the approval of directors' report should also be disclosed.
S390(1), (3)-(7)
17
A16(14.1)
18
If a company incorporated under the CO prepares consolidated financial statements, the CO requires the disclosure of directors' names in
the directors' report of the company to include the names of the directors of all subsidiaries included in the consolidated financial
statements, unless the criteria set out in section 390(6) are complied with. These criteria are that the list of names of the directors who
were directors of the company's subsidiaries during the period or in the period since the year end and up to the date of the directors'
report must be continually accessible throughout the period until the next directors' report is sent to the members.
Specifically, under section 390(6) this list must be accessible throughout that period in at least one of the following ways:
⚫ The list is kept at the company's registered office and is made available for inspection by the members free of charge during business
hours; or
• The list is made available on the company's website.
HK Listco has taken advantage of this relief by giving a cross reference to its website where the full list of names of directors can be found.
So far as issuers that are not incorporated under the CO are concerned, the requirement to disclose the names of the directors of
subsidiaries in the directors' report was explicitly excluded from the level playing field requirements in the Listing Rules since 2015. This
departure from the level playing field principle was explicitly stated in a footnote to paragraph 28 of Appendix 16 to the MBLRs and Rule
18.07A of the GEM Listing Rules.
In the case of an issuer which is duly incorporated in the Chinese Mainland as a joint stock limited company, references to directors shall
also mean and include supervisors.
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a private English company limited by guarantee. All rights reserved.View entire presentation