Annual Report 2007 - Hmdatalink.com hm datalink

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Directors’ Report(5) Hunan Geely Automobile Components CompanyLimited is incorporated in the PRC and is53.19%-owned by Zhejiang Haoqing AutomobileManufacturing Company Limited. Zhejiang HaoqingAutomobile Manufacturing Company Limited isincorporated in the PRC and is 90%-owned byZhejiang Geely Holding Group Company Limited.Zhejiang Geely Holding Group Company Limited isincorporated in the PRC and is 100%-owned by Mr.Li and his associate.Save as disclosed above, as at 31 December 2007,none of the directors or their associates had anypersonal, family, corporate or other interests inthe equity securities of the Company or any of itsassociated corporations as defined in the SFO.Interests and Short Positions inShares and Underlying Shares ofOther PersonsAs at 31 December 2007, the following persons(other than the directors or the chief executive ofthe Company) had interests or short positions in theshares and underlying shares of the Company asrecorded in the register required to be kept underSection 336 of the SFO:Substantial Shareholders(as defined in the Listing Rules)ShareholdingName Capacity Number of shares held Percentage (%)Long positionShort positionProper Glory (Note) Beneficial owner 2,500,000,000 – 48.07Geely Group Ltd. (Note) Beneficial owner 87,000 – 0.002Corporate 2,500,000,000 – 48.07TOSCAFUND Asset Management LLP Beneficial owner 991,890,000 – 19.07Morgan Stanley Beneficial owner 354,090,178 354,090,178 –UBS AG Beneficial owner 786,923,769 6,974,000 15.00Och-Ziff Capital Management L.L.C. Corporate 275,894,888 – 5.30Och Daniel Saul Beneficial owner 275,894,888 – 5.30Note: Proper Glory is a private company incorporated inthe British Virgin Islands and is wholly owned byGeely Group Limited. Geely Group Limited is aprivate company incorporated in the British VirginIslands and is wholly owned by Mr. Li Shu Fu.Save as disclosed above, the Company had notbeen notified of any other person (other than thedirectors or the chief executive of the Company)who had an interest or a short position in the sharesand underlying shares of the Company as at 31December 2007 as recorded in the register requiredto be kept by the Company pursuant to Section 336of the SFO.Share OptionsParticulars of the Company’ share option schemeare set out in note 28 to the consolidated financialstatements.GEELY AUTOMOBILE HOLDINGS LIMITED51ANNUAL REPORT 2 0 0 7
Directors’ ReportThe following table discloses movements in the Company’s share options during the year.Director Exercise Period Exercise price Outstanding Granted during Cancelled during Outstanding atper share at 1.1.2007 the year the year 31.12.2007HK$Mr. Ang Siu Lun, Lawrence 23.2.2004 – 22.2.2009 0.95 35,000,000 – – 35,000,0005.8.2005 – 4.8.2010 0.70 10,000,000 – – 10,000,000Mr. Gui Sheng Yue 5.8.2005 – 4.8.2010 0.70 23,000,000 – – 23,000,000Mr. Xu Gang 5.8.2005 – 4.8.2010 0.70 23,000,000 – – 23,000,000Mr. Yang Jian 5.8.2005 – 4.8.2010 0.70 23,000,000 – – 23,000,000Mr. Liu Jin Liang 5.8.2005 – 4.8.2010 0.70 18,000,000 – – 18,000,000Mr. Yin Da Qing, Richard 5.8.2005 – 4.8.2010 0.70 16,000,000 – – 16,000,000Mr. Zhao Jie 5.8.2005 – 4.8.2010 0.70 18,000,000 – – 18,000,000Dr. Zhao Fuquan 28.11.2006 – 27.11.2011 0.89 12,000,000 – – 12,000,000Mr. Song Lin 10.7.2006 – 16.5.2011 0.93 1,000,000 – – 1,000,000Mr. Lee Cheuk Yin, Dannis 10.7.2006 – 16.5.2011 0.93 1,000,000 – – 1,000,000Mr. Yeung Sau Hung, Alex 10.7.2006 – 16.5.2011 0.93 1,000,000 – – 1,000,000Continuous contract 5.8.2005 – 4.8.2010 0.70 88,500,000 – (1,900,000) 86,600,000employees 10.7.2006 – 16.5.2011 0.93 10,000,000 – (580,000) 9,420,00028.11.2006 – 27.11.2011 0.89 3,000,000 – – 3,000,00018.9.2007 – 17.9.2012 1.06 – 28,500,000 – 28,500,000282,500,000 28,500,000 (2,480,000) 308,520,000Arrangements to Purchase Shares orDebenturesOther than the share options disclosed above,at no time during the year was the Company, itsholding company or any of its subsidiaries, a partyto any arrangements to enable the directors ofthe Company to acquire benefits by means ofthe acquisition of shares in, or debentures of, theCompany or any other body corporate.GEELY AUTOMOBILE HOLDINGS LIMITED52ANNUAL REPORT 2 0 0 7
Page 3 and 4: Supplying the SAFEST, the MOST ENER
Page 5 and 6: Financial Summary and HighlightsFin
Page 8 and 9: Chairman’s StatementLi Shu Fu,Cha
Page 10 and 11: Chairman’s Statementoperating ass
Page 12 and 13: Management Discussion and AnalysisO
Page 14 and 15: Organisation Chart (as of 31 Decemb
Page 16 and 17: Management Discussion and Analysiso
Page 18 and 19: Management Discussion and AnalysisT
Page 22 and 23: Management Discussion and AnalysisL
Page 26 and 27: Management Discussion and AnalysisL
Page 28 and 29: Management Discussion and Analysisb
Page 30 and 31: Management Discussion and Analysiss
Page 32 and 33: Management Discussion and AnalysisE
Page 34 and 35: Directors and Senior Management Pro
Page 36 and 37: Directors and Senior Management Pro
Page 38 and 39: Corporate Governance ReportThe Comp
Page 40 and 41: Corporate Governance ReportRelation
Page 42 and 43: Corporate Governance ReportEach new
Page 44 and 45: Corporate Governance Reportthe appo
Page 46 and 47: Corporate Governance ReportAs the G
Page 48 and 49: Directors’ ReportThe Directors pr
Page 50 and 51: Directors’ ReportCompanies contai
Page 54 and 55: Directors’ ReportDirectors’ Int
Page 56 and 57: Directors’ ReportSave as disclose
Page 58 and 59: Independent Auditors’ Reportfor t
Page 60 and 61: Consolidated balance sheetas at 31
Page 62 and 63: Consolidated cash flow statementfor
Page 64 and 65: Notes to the consolidated financial
Page 102 and 103:
Notes to the consolidated financial
Page 104 and 105:
Page 106 and 107:
Page 108 and 109:
Page 110 and 111:
Page 112 and 113:
Page 114:
Geely Automobile Holdings LimitedRo
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