Haier IR09_cover layout.indd - Haier Electronics Group Co., Ltd.

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33 Haier Electronics Group Co., Ltd Corporate Governance Practices (Cont’d) Compliance with Code on Corporate Governance Practices of the Listing Rules (Cont’d) Under the Code Provision A.4.1, non-executive directors should be appointed for specific terms, subject to reelection. Currently, the independent non-executive directors of the Company are not appointed for a specific term but are subject to retirement by rotation and re-election at the annual general meeting of the Company in accordance with the Company’s Bye-laws. As such, the Board considers that sufficient measures have been taken to ensure that the Company’s corporate governance practices are no less exacting than those set out in the CG Code. A.4.1 Under the Code Provision E.1.2, the chairman of the board should attend the annual general meeting. The Chairman of the Board did not attend the 2009 annual general meeting of the Company as she had overseas business trip at that time. E.1.2 Model Code for Securities Transactions by Directors The Company has adopted a Model Code for Securities Transactions by Directors (the “Haier Electronics Model Code”) on no less exacting terms than the Model Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix 10 to the Listing Rules. Upon enquiry by the Company, all directors of the Company had confirmed that they had complied with the required standard as set out in the Haier Electronics Model Code throughout the period for the six months ended 30 June 2009. 10 Audit Committee The Company has established an audit committee comprising three independent non-executive directors of the Company. The audit committee had reviewed with the management the accounting principles and practices adopted by the Group and discussed internal controls and financial reporting matters including the review of the unaudited condensed consolidated interim financial statements of the Group for the six months ended 30 June 2009. Appreciation I would like to take this opportunity to thank all my fellow directors and staff for their dedicated services, contributions and support during the period. By Order of the Board of Haier Electronics Group Co., Ltd. Yang Mian Mian Chairman Hong Kong, 10 August 2009 Interim Report 2009
34 Haier Electronics Group Co., Ltd Disclosure of Interests Interests of Directors As at 30 June 2009, none of the Directors and the chief executive of the Company and their respective associates had any interest and short position in the shares, debentures or underlying shares of the Company and its associated corporation (within the meaning of Part XV of the Securities and Futures Ordinance (“SFO”)), which would have to be notified to the Company and the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO, or as recorded in the register required to be kept under section 352 of the SFO or as otherwise required to be notified to the Company and the Stock Exchange pursuant to Part XV of the SFO or the Model Code for Securities Transactions by Directors adopted by the Company on 29 December 2004. XV XV78 352 XV Interests of Substantial Shareholders As at 30 June 2009, the following shareholders of the Company (other than the directors or the chief executive of the Company) had interests or short positions in the Shares or underlyings Shares as recorded in the register required to be kept by the Company under section 336 of the SFO: 336 Approximate Number of percentage Shares of total Name of Shareholder Notes interested shareholding Qingdao Haier Collective Asset Management Association (“Haier Collective Asset Management”) 1 1,376,392,592 67.91 Haier Group Corporation (“Haier Corp”) 2 1,376,392,592 67.91 Qingdao Haier Investment and Development Co., Ltd. (“Haier Investment”) 3 1,376,392,592 67.91 Qingdao Haier Group Holdings (BVI) Limited (BVI) (“Haier BVI”) BVI 4 547,115,110 27.00 Qingdao Haier Co., Ltd. (“Qingdao Haier”) 392,677,482 19.38 Interim Report 2009
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Haier IR09_cover layout.indd - Haier Electronics Group Co., Ltd.

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