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Corporate Governance Report

Corporate Governance Report

CORPORATE GOVERNANCE PRACTICES

The Company has complied with all the applicable code provisions set out in the Corporate Governance
Code and Corporate Governance Report (the “Code”) contained in Appendix 14 to the Rules Governing the
Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”) for the 12 months
ended 31st March 2018, except with deviation from code provision E.1.2.

The then chairman of the board had not attended the annual general meeting of the Company on 25th
August 2017, which deviated from code provision E.1.2. The chairman will endeavour to attend all future
annual general meetings of the Company.

THE BOARD

The Board is responsible for the formulation of the Group’s business and strategic decisions and monitoring
the performances of the management team.

The Board currently comprises four executive directors, namely Mr LEUNG Wai Sing, Wilson, Mr KUOK Kun
Man, Mr LEUNG, Jimmy and Mr LIU Lup Man and three independent non-executive directors, namely Mr LI
Wah Ming, Mr LEE Tak Chi and Mr CHEUNG, Johnson.

Four Board meetings were held during the year ended 31st March 2018. The attendance of each director is
set out as follows:

Members of the Board Attended/Eligible to attend

Executive Directors

Mr LEUNG Kai Ching, Kimen (retired on 15th June 2018) 4/4
Mr LEUNG Wai Sing, Wilson 4/4
Mr KUOK Kun Man 4/4
Mr LEUNG, Jimmy 4/4
Mr LIU Lup Man 4/4

Independent Non-executive Directors

Mr LI Wah Ming 3/4
Mr LEE Tak Chi 4/4
Mr CHEUNG, Johnson 4/4

The Company has received an annual confirmation of independence from each of the independent non-
executive directors in accordance with rule 3.13 of the Listing Rules. The Board has assessed their
independence and concluded that all independent non-executive directors are independent.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 13