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Notes to the Consolidated Financial Statements

31st March 2015

35 PRINCIPAL SUBSIDIARIES

As at 31st March 2015, the Company held interests in the following principal subsidiaries:

Place of Issued and fully paid
incorporation/ share capital/ Percentage of equity
Name establishment registered capital held by the Company Principal activities
Direct Indirect

Alco Investments (B.V.I.) Limited British Ordinary 100 – Investment holding and provision
Virgin Islands US$50,000 of management services to its
subsidiaries
Advance Packaging Limited Hong Kong Ordinary – 100 Property investment
HK$500,000
Alco Digital Devices Limited Hong Kong Ordinary – 100 Software development
HK$1,000,000

Alco Electronics Limited Hong Kong Ordinary HK$1,000 – 100 Design, manufacture and sale of
Non-voting deferred consumer electronic products
HK$5,000,000

Alco Electronics (Dongguan) Limited 1 The PRC Registered capital – 100 Manufacture of consumer electronic
HK$120,000,000 products

Alco Electronics (Shenzhen) Limited 1 The PRC Registered capital – 100 Provision of design and logistic services
HK$25,000,000 to group companies
Alco International Limited Hong Kong Ordinary HK$500,000 – 100 Trading of consumer electronic
products
Vdiobox Limited Hong Kong Ordinary HK$1,000,000 – 100 Trading of consumer electronic
products

Note:

1 Represents a wholly foreign owned enterprise.

The above table lists out the principal subsidiaries of the Company as at 31st March 2015 which, in the
opinion of the directors, principally affected the results for the year or formed a substantial portion of the
net assets of the Group. To give details of other subsidiaries would, in the opinion of the directors, result
in particulars of excessive length.

94 ALCO HOLDINGS LIMITED ANNUAL REPORT 2015