Annual Report 2009 - Greentown China Holdings Limited

Report of the
Directors
The Directors present their annual report and the
audited consolidated financial statements of the
Group for the year ended 31 December 2009 (the
“consolidated financial statements”).
Corporate Reorganisation
The Company was incorporated and registered as an
exempted company with limited liability in the Cayman
Islands under the Companies Law (2004 Second Revision)
of the Cayman Islands on 31 August 2005.
The shares of the Company (the “Shares”) were listed on
the Main Board of The Stock Exchange on 13 July 2006.
Principal Activities
The Company is an investment holding company. The
activities of its subsidiaries, jointly controlled entities and
associates are set out in notes 41, 17 and 18 respectively to
the consolidated financial statements.
Results and Appropriations
The results of the Group for the year ended 31 December
2009 are set out in the consolidated statement of
comprehensive Income on page 98 of “Independent
Auditor’s Report” in this annual report.
The Board recommends the payment of a final dividend
of HK26 cents per Share for the year ended 31 December
2009 (the “2009 Final Dividend”), to shareholders of the
Company whose names appear on the Company’s Register
of Members on 3 June 2010 (Thursday). The 2009 Final
Dividend will be paid on or before 11 June 2010 (Friday)
following approval by shareholders at the forthcoming
annual general meeting of the Company (the “AGM”).
Property, Plant and Equipment
Details of the movements in property, plant and
equipment of the Group during the year are set out in
note 15 to the consolidated financial statements.
Share Capital
Details of movements during the year in the share capital
of the Company are set out in note 30 to the consolidated
financial statements.
Convertible Bonds
Details of movements during the year in the 2006
Convertible Bonds and the 2007 Convertible Bonds are set
out in note 28 to the consolidated financial statements.
Purchase, Sale or Redemption of the
Company’s Listed Securities
Neither the Company nor any of its subsidiaries has
purchased, sold or redeemed any of the Company’s listed
securities during the year ended 31 December 2009.
Distributable Reserves
The Group’s reserves as at 31 December 2009 are set out
in the section “Consolidated Statement of Changes in
Equity” of this annual report.
Directors
During the year ended 31 December 2009 and up to the
date of this report, the Directors were as follows:
Executive Directors
SONG Weiping
SHOU Bainian
LUO Zhaoming
CHEN Shunhua
GUO Jiafeng
Independent Non-Executive Directors
JIA Shenghua
JIANG Wei
KE Huanzhang
SZE Tsai Ping, Michael
TANG Shiding
TSUI Yiu Wa, Alec
Mr JIANG Wei, Mr SZE Tsai Ping, Michael and Mr TSUI
Yiu Wa, Alec shall retire from the office by rotation at the
AGM in accordance with Article 130 of the Company’s
Articles of Association, while Mr LUO Zhaoming and Mr
KE Huanzhang shall retire at the AGM in accordance
with Article 114 of the Articles of Association. Mr LUO
Zhaoming, Mr JIANG Wei, Mr KE Huanzhang and Mr SZE
Tsai Ping, Michael, being eligible, offer themselves for reelection
while Mr TSUI Yiu Wa, Alec does not seek for reelection.
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Greentown China Holdings Limited Annual Report 2009