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Report of the Directors

RETIREMENT BENEFIT SCHEMES

Details of the Group’s retirement benefit schemes are set out in Note 8 to the consolidated financial
statements.

Directors

The directors during the year were:

Mr LEUNG Kai Ching, Kimen
Mr LEUNG Wai Sing, Wilson
Mr KUOK Kun Man, Andrew
Mr LEUNG, Jimmy
Mr LIU Lup Man
Mr LI Wah Ming, Fred, S.B.S., J.P. 1
Mr LAU Wang Yip, Derrick 1
Mr LEE Tak Chi 1

1 Independent non-executive directors

In accordance with clause 87(1) of the Company’s Bye-laws, Mr KUOK Kun Man, Andrew and Mr LEE Tak
Chi will retire at the forthcoming annual general meeting and, being eligible, will offer themselves for re-
election.

DIRECTORS’ SERVICE CONTRACT

On 1st April 2013, each of the three executive directors entered into a service contract with the Company for
a term of 3 years and shall continue until terminated by either party giving to the other not less than 3 months
notice in writing.

On 15th October 2013, each of the remaining executive directors entered into a service contract with the
Company for a term of 3 years and shall continue until terminated by either party giving to the other not less
than 3 months notice in writing.

On 7th November 2014, each of the independent non-executive directors entered into a service contracts
with the Company for a term of 3 years and shall continue until terminated by either party giving to the other
not less than 2 months notice in writing.

BIOGRAPHICAL DETAILS OF DIRECTORS AND SENIOR MANAGEMENT

Brief biographical details of directors and senior management are set out on pages 8 and 9.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 19