ANNUAL%20REPORT%202015%20eng

Directors’ Report
At the time of listing, the Group applied to the SEHK to request the SEHK to exercise, and the SEHK exercised
its discretion under Rule 8.08(1) (d) of the Listing Rules to accept a lower public float percentage of the Company
of 20% or such higher percentage of the issued share capital as would be held by the public in the event that
the whole or a part of the over-allotment option is exercised (which discretion may be exercised in respect of
issuers with an expected market capitalization at the time of listing of over HKD10,000 million) on the basis that
the SEHK was satisfied that the number of the shares concerned and the extent of their distribution would enable
the market to operate properly with the lower percentage, and on the condition that the Company would make
appropriate disclosure of the lower prescribed percentage of public float in the prospectus of the Company dated
28 September 2010 and confirm sufficiency of public float in the successive annual reports after listing. At the
time of the listing of the Company on 13 October 2010, the market capitalization exceeded HKD10,000 million.
The over-allotment option was fully exercised on 18 October 2010 in respect of an aggregate of 107,914,000
shares and accordingly the lower public float percentage of the Company accepted by the SEHK is approximately
22.3%. Based on the information that is publicly available to the Company and within the knowledge of the
Directors as at the latest practicable date prior to the issue of this annual report, the Directors confirm that the
Company has maintained the amount of public float as required under the Listing Rules.
DISCLOSURE UNDER RULE 13.20 OF THE LISTING RULES
The Directors are not aware of any circumstances resulting in the responsibility of disclosure under Rule 13.20 of
the Listing Rules regarding the provision of advances by the Company to an entity.
CHANGES IN DIRECTORS’ INFORMATION
Change of information of Directors which is required to be disclosed pursuant to Rule 13.51B(1) of the Listing
Rules since the date of the 2015 Interim Report of the Company is set out below:
The director’s fee for all Directors, under the respective director’s service agreements and letters of appointments
attributable for the fourth quarter of the year 2015 was decreased by 50%.
AUDITOR
Messrs. KPMG was engaged as auditor of the Company for the year ended 31 December 2015. Messrs. KPMG
has audited the accompanying financial statements which were prepared in accordance with International
Financial Reporting Standards.
The Company has retained Messrs. KPMG since the date of listing. Messrs. KPMG was re-appointed as auditor of
the Company at the AGM held on 29 May 2015.
Messrs. KPMG will retire and, being eligible, offer itself for re-appointment. A resolution for the re-appointment of
Messrs. KPMG as auditor of the Company will be proposed at the forthcoming AGM.
On behalf of the Board
Odjargal Jambaljamts
Chairman
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Hong Kong, 24 March 2016
Annual Report 2015