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Report of the Directors

CORPORATE GOVERNANCE

The Company is maintaining a high standard of corporate governance practices. Details of the corporate
governance practices adopted by the Company are set out in Corporate Governance Report on pages 10 to
14.

AUDIT COMMITTEE

The audit committee has reviewed with management the accounting principles and practices adopted by
the Group and discussed internal control and financial reporting matters including the review of the financial
statements of the Group for the year ended 31st March 2015.

The audit committee currently comprises three independent non-executive directors of the Company, namely
Mr LI Wah Ming, Fred, S.B.S., J.P., Mr LAU Wang Yip, Derrick and Mr LEE Tak Chi.

SUFFICIENCY OF PUBLIC FLOAT

Based on the information that is publicly available to and within the knowledge of the directors, it is confirmed
that there is sufficient public float of more than 25% of the Company’s issued shares at all times during the
year ended 31st March 2015 and up to the date of this report.

AUDITOR

The financial statements have been audited by PricewaterhouseCoopers who will retire and, being eligible,
offer themselves for re-appointment at the forthcoming Annual General Meeting of the Company.

By order of the Board

LEUNG Kai Ching, Kimen
Chairman

Hong Kong, 25th June 2015

ALCO HOLDINGS LIMITED ANNUAL REPORT 2015 23