Annual Report 2019

CORPORATE GOVERNANCE REPORT 企業管治報告 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 30 COMMUNICATION WITH SHAREHOLDERS AND INVESTOR RELATIONS The Company considers that effective communication with shareholders is essential for enhancing investor relations and investor understanding of the Group’s business performance and strategies. The Company endeavours to maintain an on-going dialogue with shareholders and in particular, through annual general meetings and other general meetings. The Chairman of the Board, all the Independent Non-executive Directors, and the chairmen of all Board committees (or their delegates) will make themselves available at the annual general meetings to meet shareholders and answer their enquiries. During the year ended 31st December, 2019, there was no significant change in the Company’s constitutional documents and these documents are available on the websites of the Company and of the Stock Exchange. Dividend Policy The Board has adopted a dividend policy pursuant to code provision E.1.5 of the CG Code which aims at setting out the principles and guidelines that the Company intends to apply in relation to the declaration, payment or distribution of its net profits as dividends to the shareholders of the Company as follows: • In recommending or declaring dividends, the Company shall maintain adequate cash reserves for meeting its working capital requirements and future growth as well as its shareholder value. • The Company does not have any pre-determined dividend payout ratio. • The Board has the discretion to declare and distribute dividends to the shareholders of the Company, subject to the Articles of Association of the Company and all applicable laws and regulations and the factors set out below. 與股東溝通及投資者關係 本公司深信，與股東保持有效溝通，對促進投資者 關係及加深投資者對本集團業務表現及策略瞭解至 為重要。本公司盡力保持與股東之間的對話，尤其 是透過股東週年大會及其他股東大會。 董事會主席、全體獨立非執行董事及所有董事委員 會之主席（或彼等之代表）將出席股東週年大會，與 股東見面並回答彼等之提問。 截至二零一九年十二月三十一日止年度，本公司之憲 章文件並無重大變動，而該等文件已刊載於本公司 及聯交所網站。 股息政策 董事會已根據企管守則條文第 E.1.5 條採納股息政策， 旨在設立原則及指引供本公司應用於宣派、派付或 分發純利作為本公司股東之股息，詳情如下： • 在建議或宣派股息時，本公司應維持足夠現金 儲備，以應付其營運資金需求、未來增長以及 其股東價值。 • 本公司沒有預設的派息比率。 • 根據本公司組織章程細則、所有適用法規及下 列因素，董事會有權宣派及分發股息予本公司 股東。