Annual Report 2016
83
Report of the Directors
Management Contracts
No contracts concerning the management and administration of the whole or any substantial part of the business of the Company
were entered into or existed during the year.
Directors’ Rights to Acquire Shares or Debentures
Save as disclosed under the section headed “Share Option Schemes” below, at no time during the year was the Company or any
of its subsidiaries a party to any arrangements to enable the Directors of the Company or chief executives or any of their spouse
or children under the age of 18 to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any
other body corporate.
Share Option Schemes
Share option schemes of the Group are set out on pages 93 to 103.
Substantial Shareholders’ Interests in Securities
As at 30 June 2016, the interests or short positions of substantial shareholders (as defined in the Listing Rules) in the shares and
underlying shares of the Company as recorded in the register required to be kept under Section 336 of the SFO were as follows:
Long Positions in Shares
Name
Number of shares held
Approximate
% of
shareholding
Beneficial
interests
Corporate
interests
Total
Cheng Yu Tung Family (Holdings) Limited
(“CYTFH”)
(1)
– 4,126,329,918 4,126,329,918
43.95
Cheng Yu Tung Family (Holdings II) Limited
(“CYTFH-II”)
(2)
– 4,126,329,918 4,126,329,918
43.95
Chow Tai Fook Capital Limited (“CTFC”)
(3)
– 4,126,329,918 4,126,329,918
43.95
Chow Tai Fook (Holding) Limited (“CTFHL”)
(4)
– 4,126,329,918 4,126,329,918
43.95
Chow Tai Fook Enterprises Limited (“CTF”)
(5)
3,751,379,362 374,950,556 4,126,329,918
43.95
Notes:
(1)
CYTFH holds 48.98% direct interest in CTFC and is accordingly deemed to have an interest in the shares deemed to be interested by CTFC.
(2)
CYTFH-II holds 46.65% direct interest in CTFC and is accordingly deemed to have an interest in the shares deemed to be interested by CTFC.
(3)
CTFC holds 78.58% direct interest in CTFHL and is accordingly deemed to have an interest in the shares deemed to be interested by CTFHL.
(4)
CTFHL holds 100% direct interest in CTF and is accordingly deemed to have an interest in the shares interested by or deemed to be interested
by CTF.
(5)
CTF together with its subsidiaries.
Save as disclosed above, there is no other interest recorded in the register that is required to be kept under Section 336 of the
SFO as at 30 June 2016.
