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Corporate Governance Report





             CHAIRMAN AND CHIEF EXECUTIVE OFFICER


             Mr LEUNG Kai Ching, Kimen is the chairman and Mr LEUNG Wai Sing, Wilson is the chief executive officer.

             RE-ELECTION OF DIRECTORS

             Mr LEUNG Wai Sing, Wilson, Mr LEUNG, Jimmy and Mr LIU Lup Man will retire at the forthcoming annual
             general meeting and, being eligible, will offer themselves for re-election.


             MODEL CODE FOR SECURITIES TRANSACTIONS BY DIRECTORS

             The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set
             out in Appendix 10 to the Listing Rules (the “Model Code”) as its own code of conduct regarding securities
             transactions by the directors of the Company. Having made specific enquiry of the directors, all the directors
             confirmed that they had complied with the required standards as set out in the Model Code and its code of
             conduct regarding directors’ securities transactions with the Company for the 12 months ended 31st March
             2017.

             REMUNERATION COMMITTEE


             The Company has established a remuneration committee with written terms of reference in accordance with
             the Code provisions.

             The  remuneration  committee  currently  comprises  Mr  CHEUNG,  Johnson  (appointed  on  6th  April  2016)
             (chairman of the remuneration committee), Mr LI Wah Ming and Mr LEE Tak Chi, all of whom are independent
             non-executive directors.

             The primary duties of the remuneration committee are to make recommendation on the policy and structure
             for  the  remuneration  of  the  directors  and  senior  management,  and  to  consider  and  approve  remuneration
             of  the  directors  and  senior  management  by  reference  to  corporate  goals  and  objectives.  The  existing
             remuneration  package  contains  a  combination  of  basic  salary,  discretionary  performance  bonus  and  fringe
             benefits. For the year, the remuneration committee was of the opinion that the remuneration packages were
             fair and commensurate with the market.


             One remuneration committee meeting was held during the year ended 31st March 2017 and the attendance
             of each committee member is set out as follows:


             Members of the Remuneration Committee                                Attended/Eligible to attend
             Mr CHEUNG, Johnson                                                                         1/1
             Mr LI Wah Ming                                                                             1/1
             Mr LEE Tak Chi                                                                             1/1










                                                                      ALCO HOLDINGS LIMITED  ANNUAL REPORT 2017  17
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