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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