Annual Report 2019

DIRECTORS’ REPORT 董事會報告 HOP FUNG GROUP HOLDINGS LIMITED 合豐集團控股有限公司 54 股份溢價及儲備 本集團股份溢價及儲備於年內之變動詳情載於第 75 頁之綜合權益變動表內。 於二零一九年十二月三十一日，本集團可供分派予股東 的儲備為 765,800,000 港元（二零一八年： 732,687,000 港元），即股份溢價、特別儲備及保留利潤之合計。 董事 年內及截至本報告日止，本公司之在任董事如下： 執行董事 許森平先生， 主席 許森泰先生， 行政總裁 許婉莉女士， 財務總監 獨立非執行董事 池民生先生 黃珠亮先生 周淑明先生 （於二零一九年一月一日獲委任） 葉國均先生 （於二零一九年一月十二日辭任） 根據本公司之組織章程細則第 87(1) 條，許森平先生、 許森泰先生及黃珠亮先生將於本公司應屆股東週年 大會輪值告退，惟彼等符合資格並願膺選連任。 周淑明先生已獲董事會委任為新任獨立非執行董事， 自二零一九年一月一日起生效，而彼將一直擔任董事 至二零二一年三月三十一日止。此外，各董事已經與 本公司訂立服務協議，任期由二零一九年三月八日起 至二零二一年三月三十一日止，可於任何一方發出不 少於三個月書面通知後終止。 除上文披露者外，擬於本公司應屆股東週年大會重 選連任之董事概無與本公司或其任何附屬公司訂立 本集團如不作出賠償（法定賠償除外）則不能在一年 內終止之服務合約。 SHARE PREMIUM AND RESERVES Details of the movement in the share premium and reserves of the Group during the year are set out in the consolidated statement of changes in equity on page 75. As at 31st December 2019, the Group’s reserves available for distribution to shareholders amounted to HK$765,800,000 (2018: HK$732,687,000), being the aggregation of share premium, special reserve and retained profits. DIRECTORS The Directors of the Company during the year and up to the date of this report were: Executive Directors Mr. Hui Sum Ping, Chairman Mr. Hui Sum Tai, Chief Executive Officer Ms. Hui Yuen Li, Chief Financial Officer Independent Non-executive Directors Mr. Chee Man Sang, Eric Mr. Wong Chu Leung Mr. Chau Suk Ming (appointed on 1st January, 2019) Mr. Yip Kwok Kwan (resigned on 12th January, 2019) In accordance with Article 87(1) of the Company’s Articles of Association, Mr. Hui Sum Ping, Mr. Hui Sum Tai and Mr. Wong Chu Leung shall retire from office by rotation at the forthcoming annual general meeting of the Company and, being eligible, offer themselves for re-election. Mr. Chau Suk Ming was appointed by the Board as a new Independent Non-executive Director with effect from 1st January, 2019 and he will hold directorship until 31st March, 2021. Further, each of the Directors has entered into a service agreement with the Company for a term commencing from 8th March, 2019 to 31st March, 2021, which may be terminated by not less than three months’ notice in writing served by either party. Save as disclosed above, no Director proposed for re-election at the forthcoming annual general meeting of the Company has a service contract with the Company or any of its subsidiaries which is not determinable by the Group within one year without payment of compensation, other than statutory compensation.