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Report of the Directors

PRINCIPAL SUBSIDIARIES

Details of the Company’s principal subsidiaries at 31st March 2018 are set out in Note 18 to the consolidated
financial statements.

RETIREMENT BENEFIT SCHEMES

Details of the Group’s retirement benefit schemes are set out in Note 8 to the consolidated financial
statements.

Directors

The directors during the year and up to the date of this report were:

Mr LEUNG Kai Ching, Kimen (retired on 15th June 2018)
Mr LEUNG Wai Sing, Wilson
Mr KUOK Kun Man
Mr LEUNG, Jimmy
Mr LIU Lup Man
Mr LI Wah Ming, S.B.S., J.P. 1
Mr LEE Tak Chi 1
Mr CHEUNG, Johnson 1

1 Independent non-executive directors

In accordance with clause 87(1) of the Company’s Bye-laws, Mr KUOK Kun Man and Mr LEE Tak Chi will
retire at the forthcoming annual general meeting and, being eligible, will offer themselves for re-election.

ALCO HOLDINGS LIMITED ANNUAL REPORT 2018 39