2008 Annual Report - Kenford Group Holdings Limited

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Directors' and Senior Management's Profile DIRECTORS (Continued) Senior Management (Continued) Mr Lam Wai Hung, aged 38, joined the Group in February 1993 and is the Administration Manager of the Group. Mr Lam has over 10 years’ experience in factory administration and in handling regulatory compliance in the PRC. Mr Lam is the brother of Mr Lam Wai Ming, the Executive Director and the Chairman of the Company. Mr Poon Kam Ming, Percy, aged 52, joined the Group in 1997 and is the senior marketing manager of the Group. Mr Poon is responsible for sales and marketing functions of the Group in Europe, North and South America, Australia, Africa and Asia (except the PRC). Mr Poon has over 11 years’ experience in sales and marketing of electrical appliances. Prior to joining the Group, Mr Poon has served an international construction company and has earned several years managerial experience. Mr Poon was awarded a degree of Master of Science and a degree of Bachelor of Science in Civil Engineering from University of Saskatchewan. Mr Poon is the brother-in-law of Mr Lam Wai Ming, the Executive Director and the Chairman of the Company. Annual Report 2008 23
Corporate Governance Report CORPORATE GOVERNANCE PRACTICES In the opinion of the board of directors (the “Board”) of Kenford Group Holdings Limited (the “Company”), the Company has complied with the applicable code provisions of the Code on Corporate Governance Practices (the “CG Code”) as set out in Appendix 14 of the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (the “Listing Rules”) throughout the financial year ended 31 March 2008, except for the deviation from the CG Code Provision A.2.1. This corporate governance report contains the detailed explanations on the Company’s practices in compliance with the applicable CG Code provisions and the considered reasons for such deviation. To enhance accountability, transparency, independence, responsibility and fairness to the shareholders and stakeholders, the Company is dedicated to develop an appropriate framework of corporate governance for the Company and its subsidiaries (collectively, the “Group”), the chart of which is shown as below. The Group will keep on reviewing and improving our corporate governance practices and procedures from time to time to ensuring the commitment of the corporate governance standard and striving for the enhancement of shareholder value. Remuneration Committee Nomination Committee Audit Committee Shareholders The Board Management Other Stakeholders (Customers, Suppliers, Creditors, Investors, Employees and all interest groups) DIRECTORS’ SECURITIES TRANSACTIONS The Company has adopted procedures governing directors’ securities transactions in compliance with the Model Code for Securities Transactions by Directors of Listed Issuers (the “Model Code”) as set out in Appendix 10 of the Listing Rules. Upon enquiry by the Company, all the directors of the Company (the “Directors”) have confi rmed that they fully complied with the required standards as set out in the Model Code throughout the fi nancial year ended 31 March 2008. BOARD OF DIRECTORS Board functions The Board oversees the strategic development, determines objectives, strategy, policy and business plan of the company. It monitors and controls the operation and financial performance, reviews the corporate governance standard of the Company and sets appropriate policies pursuant to the Company objectives. 24 KENFORD GROUP HOLDINGS LIMITED
Page 2 and 3: Contents Page 1. Corporate Informat
Page 4 and 5: Chairman’s Statement On behalf of
Page 6 and 7: Management Discussion and Analysis
Page 8 and 9: Management Discussion and Analysis
Page 10 and 11: Report of the Directors PROPERTY, P
Page 12 and 13: Report of the Directors DIRECTORS
Page 14 and 15: Report of the Directors SUBSTANTIAL
Page 16 and 17: Report of the Directors SHARE OPTIO
Page 18 and 19: Report of the Directors SHARE OPTIO
Page 20 and 21: Report of the Directors TAXATION OF
Page 22 and 23: Directors' and Senior Management's
Page 26 and 27: Corporate Governance Report BOARD O
Page 28 and 29: Corporate Governance Report CHAIRMA
Page 30 and 31: Corporate Governance Report NOMINAT
Page 32 and 33: Corporate Governance Report INVESTO
Page 34 and 35: Corporate Structure CORPORATE STRUC
Page 36 and 37: Independent Auditor’s Report OPIN
Page 38 and 39: Consolidated Balance Sheet As at 31
Page 40 and 41: Consolidated Statement of Changes i
Page 42 and 43: Notes to the Financial Statements F
Page 74 and 75:
Notes to the Financial Statements F
Page 76 and 77:
Page 78 and 79:
Page 80 and 81:
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Page 84 and 85:
Five Years Financial Summary CONSOL
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2008 Annual Report - Kenford Group Holdings Limited

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