年報 - HKExnews

REPORT OF THE DIRECTORS
CONTINUING CONNECTED TRANSACTIONS (continued)
Details of non-exempt continuing connected transactions
(continued)
(3) Lease of a property as a training center from a
connected person:
On 25 March 2009, the Group entered into a lease
agreement with Winson Link Enterprises Limited
(“WLEL”), a company wholly-owned by Mr. Poon Bun
Chak, an executive director and controlling shareholder
of the Company, to lease Room 4207B, 42nd Floor,
Metroplaza, Tower II, 223 Hing Fong Road, Kwai Chung,
New Territories, Hong Kong from WLEL as a training center
of the Group for a term of three years commencing from 1
April 2009 at the monthly rent of HK$38,000 per month.
The Company has also received a letter from the auditors in
respect of the continuing connected transactions mentioned
above stating that:
(1) the transactions have received the approval of the boards
of directors of respective subsidiaries of the Group;
(2) the transactions for the leasing of the retail outlet, the
director’s quarter and the training center for the year ended
31 March 2010 agree with the terms of the respective
signed agreements; and
(3) the annual amounts of the transactions have not exceeded
the cap disclosed in the announcements of continuing
connected transactions.
SUFFICIENCY OF PUBLIC FLOAT
Based on information that is publicly available to the Company
and within the knowledge of the directors, at least 25% of the
Company’s total issued share capital was held by the public as
at the date of this report.
AUDITORS
Ernst & Young retire and a resolution for their re-appointment
as auditors of the Company will be proposed at the forthcoming
annual general meeting.
ON BEHALF OF THE BOARD
POON BUN CHAK
Chairman
Hong Kong, 28 June 2010
(3)
2234207B
38,000
(1)
(2)
(3)
25%
TEXWINCA HOLDINGS LIMITED ANNUAL REPORT 2010
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