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 64 企業管治 董事致力維持高水平企業管治，以提升股東價值及 保障股東權益。本公司之企業管治原則強調高質董 事會、有效內部監控及向股東負責之重要性。截至 二零一九年十二月三十一日止年度期間，本公司已符 合聯交所證券上市規則附錄 14 中企業管治守則所載 之守則條文，惟以下之偏離除外： 守則條文 A.2.1 條 • 守則條文 A.2.1 條規定主席與行政總裁之職責 範圍應清楚地制定，並以書面列出。 • 本公司並無書面列出主席與行政總裁之職責 範圍。董事認為，主席與行政總裁各自之職責 均有明確界定，故毋須明文編製彼等之職權範 圍。 守則條文 B.1.2 條 • 偏離守則條文 B.1.2 條為本公司薪酬委員會僅就 董事而非就高級管理層之薪酬方案進行檢討及 向董事作出建議。 • 目前，高級管理層之薪酬由本公司主席及╱或 行政總裁處理。 守則條文 C.3.3 條 • 守則條文 C.3.3 條規定審核委員會須每年與本 公司核數師舉行最少兩次會議。 • 由於本公司並無委聘其核數師審閱中期報告之 財務資料，審核委員會每年與本公司核數師舉 行一次會議，以討論審計本公司全年業績所產 生之事宜及核數師可能提出之其他事宜。截至 二零一九年十二月三十一日止年度期間，審核 委員會已與本公司核數師舉行一次會議。 CORPORATE GOVERNANCE The Directors strive to maintain high standards of corporate governance to enhance shareholder value and safeguard shareholder interests. The corporate governance principles of the Company emphasise the importance of a quality Board, effective internal controls and accountability to shareholders. The Company has met the code provisions set out in the Corporate Governance Code contained in Appendix 14 of the Rules Governing the Listing of Securities on the Stock Exchange throughout the year ended 31st December, 2019, except with the following deviations: Code Provision A.2.1 • Code provision A.2.1 stipulates that the division of responsibilities between the chairman and the chief executive officer should be clearly established and set out in writing. • There are no written terms on division of responsibilities between the Chairman and the Chief Executive Officer. The Directors consider that the responsibilities of the Chairman and the Chief Executive Officer respectively are clear and distinctive and hence written terms thereof are not necessary. Code Provision B.1.2 • A deviation from the code provision B.1.2 is that the Remuneration Committee of the Company reviews and makes recommendations to the Directors on the remuneration packages of the Directors only but not the senior management. • Currently, the remuneration of the senior management is attended by the Chairman and/or the Chief Executive Officer of the Company. Code Provision C.3.3 • Code provision C.3.3 stipulates that the audit committee must meet, at least twice a year, with the Company’s auditor. • Since the Company has not engaged its auditor to review the financial information in its interim report, the Audit Committee has met with the Company’s auditor once a year to discuss matters arising from the audit of the Company’s annual results and other matters the auditor may wish to raise. The Audit Committee has met with the Company’s auditor once during the year ended 31st December, 2019.