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Report of the Directors

DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS AND SHORT POSITIONS IN THE SHARES,
UNDERLYING SHARES AND DEBENTURES OF THE COMPANY OR ANY ASSOCIATED
CORPORATION (CONTINUED)
(b) Long positions in underlying shares of the Company

At no time during the year was the Company or any of its subsidiaries a party to any arrangements
to enable the directors or the chief executives or their spouses or children under 18 years of age to
acquire benefits by means of acquisition of shares in, or debentures of, the Company or any other body
corporate.

Save as disclosed above, as at 31st March 2017, other than one ordinary share each in certain Hong
Kong incorporated subsidiaries of the Company held in trust for the Group by Mr LEUNG Kai Ching,
Kimen, none of the directors and chief executives of the Company had any interests or short positions
in the shares, underlying shares or debentures of the Company and its associated corporations required
to be disclosed pursuant to the SFO or otherwise notified to the Company and the Stock Exchange
pursuant to the Model Code.

SUBSTANTIAL SHAREHOLDERS’ INTERESTS AND SHORT POSITIONS IN THE SHARES AND
UNDERLYING SHARES OF THE COMPANY

The register of substantial shareholders required to be kept under section 336 of Part XV of the SFO shows
that as at 31st March 2017, the Company had been notified of the following substantial shareholders’
interests and short positions, being 5% or more of the Company’s issued share capital. These interests are in
addition to those disclosed above in respect of the directors and chief executives.
Percentage of
the issued
Number of share capital
Capacity in which shares – of the
Name shares were held Long position Company
Shundean Investments Limited Beneficial owner 225,911,400 38.99%
(Note i)

Mr Webb David Michael Beneficial owner 58,085,400 10.03%
(Note ii)

Preferable Situation Assets Limited Beneficial owner 38,435,000 6.63%
(Note ii)

Mr LEUNG Wai Lap, David Beneficial owner 34,828,190 6.01%

36 ALCO HOLDINGS LIMITED ANNUAL REPORT 2017