2008 Annual Report - Kenford Group Holdings Limited

Corporate Governance Report
AUDIT COMMITTEE (Continued)
Audit Committee meetings
During the fi nancial year ended 31 March 2008, the Audit Committee had met two times to discuss the following matters:–
– to review the fi nal results for the year ended 31 March 2007 of the Group prior to recommending them to the Board for
approval;
– to review the interim results for the six months ended 30 September 2007 of the Group prior to recommending them to the
Board for approval;
– to review the effectiveness of the internal control system; and
– to review the selection and re-appointment of the external auditors of the Company for the financial year ended 31 March
2008 prior to recommending them to the Board for approval and the Board had agreed with the Audit Committee’s view
on this matter.
The details of the number of the Audit Committee meetings held during the financial year ended 31 March 2008 and the relevant
record of individual attendance of the members of the Audit Committee, on a named basis, are shown in the table under the
heading “Board, Board committees and general meetings’ on page 26 of this corporate governance report.
As at the date of this corporate governance report, the Audit Committee has reviewed with management the accounting
principles and practices adopted by the Group and has discussed auditing, internal control and fi nancial reporting matters
including the review of audited consolidated fi nancial statements of the Group for the fi nancial year ended 31 March 2008 in
conjunction with the Group’s external auditors.
As at the date of this corporate governance report, the Board agrees the proposal of re-appointment of the external auditors of
the Company, BDO McCabe Lo Limited, for the fi nancial year ending 31 March 2009.
INVESTOR RELATIONS AND SHAREHOLDERS’ RIGHT
The Company uses a number of formal communications channels to communicate with shareholders and investors for the
performance of the Company. These include: (i) the publication of interim and annual reports and/or dispatching circular,
notices, and other announcements and notifi cations; (ii) conducting annual general meeting or extraordinary general meeting
(if any) which provides a forum for Shareholders of the Company to raise comments and exchange views with the Board; and
(iii) updating the websites with the corporate information, achievements and new development of the Group. The public fl oat
capitalization as at 31 March 2008 has been shown in page 33 of this annual report.
To strengthen the investors’ relationship, the Company provides different ways for investors to access the soft and hard copies of
the Company’s information. The printed copies of this annual report in both English and Chinese languages will be dispatched to
the Shareholders of the Company in late July 2008. Shareholders can obtain corporate communications free of charge by notice
in writing to the Company Secretary of the Company. This annual report in both English and Chinese language is also available
on the following websites:–
(a)
www.hkex.com.hk;
(b)
www.equitynet.com.hk/0464;
(c)
www.kenford.com.hk.
30 KENFORD GROUP HOLDINGS LIMITED