Annual Report 2015
FINANCIAL SECTION
157
15 BENEFITS AND INTERESTS OF DIRECTORS
(continued)
(b) Directors’ material interests in transactions, arrangements or contracts
On 11 April 2014, a master services agreement was entered into between the Company and Mr. Doo Wai-Hoi,
William, Non-executive Vice-chairman (“Mr. Doo”) for a term of three years commencing from 1 July 2014
in respect of the provision of certain operational and rental services by companies owned by Mr. Doo to the
Group, and vice versa. For the year ended 30 June 2015, the aggregate amount of the transactions amounted
to approximately HK$1,209.3 million (2014: HK$1,357.3 million for transactions under the former master
services agreement dated 19 May 2011 and expired on 30 June 2014).
On 11 April 2014, the Company and CTF entered into a master services agreement for a term of three years
commencing from 1 July 2014 in respect of the provision of certain operational and rental services by the
Group to CTF and its subsidiaries, and vice versa. For the year ended 30 June 2015, the aggregate amount of
the transactions amounted to approximately HK$604.0 million (2014: HK$465.0 million for transactions under
the former master services agreement dated 30 June 2011 and expired on 30 June 2014).
On 11 April 2014, the Company and Chow Tai Fook Jewellery Group Limited (“CTFJ”) entered into a master
leasing agreement regarding the leasing of premises between the Group and CTFJ and its subsidiaries for an
initial term of three years commencing from 1 July 2014. For the year ended 30 June 2015, the aggregated
amount of the transactions amounted to approximately HK$125.4 million (2014: HK$98.8 million for
transactions under the former master leasing agreement dated 28 November 2011 and terminated on 30 June
2014).
Save as mentioned above, no other significant transactions, arrangements and contracts in relation to the
Group’s business to which the Company was a party and in which a director of the Company had a material
interest, whether directly or indirectly, subsisted at the end of the year or at any time during the year.
