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Notes to the Consolidated Financial Statements

31st March 2016

18 SUBSIDIARIES

As at 31st March 2016, 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 The British Virgin Ordinary US$50,000 100 – Investment holding and provision of
Islands management services to its subsidiaries

Advance Packaging Limited Hong Kong Ordinary HK$500,000 – 100 Property investment

Alco Digital Devices Limited Hong Kong Ordinary HK$1,000,000 – 100 Software development

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 products
HK$120,000,000
Alco Electronics (Shenzhen) Limited 1 The PRC Registered capital – 100 Provision of design and logistic services to
HK$25,000,000 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 2016 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.

72 ALCO HOLDINGS LIMITED ANNUAL REPORT 2016