WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
48
REPORT OF THE DIRECTORS
17. DIRECTORS’ AND CHIEF EXECUTIVES’ INTERESTS AND SHORT
POSITIONS IN THE SHARES, UNDERLYING SHARES AND DEBENTURES
OF THE COMPANY AND ITS ASSOCIATED CORPORATIONS
As at March 31, 2016, the interests and short positions of the Directors and chief executives of
the Company and their associates (as defined under the HK Listing Rules) in the shares, underlying
shares and debentures of the Company or its associated corporations (within the meaning of Part
XV of the Securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong (the “SFO”),
which were required (i) to be notified to the Company and the SEHK pursuant to Divisions 7 and 8
of Part XV of the SFO (including interests or short positions which they were taken or deemed to
have under such provisions of the SFO); or (ii) to be recorded in the register required to be kept
by the Company pursuant to Section 352 of the SFO, or (iii) to be notified to the Company and
the SEHK pursuant to the Model Code for Securities Transactions by Directors of Listed Issuers
contained in Appendix 10 to the HK Listing Rules, were as follows:
Long position in the Shares
Approximate
Percentage of
Shareholding
Capacity/
Number
in the
Name of Directors/
Nature of
of Shares
Company
Chief Executive
Interest
Held
(%)
Leung Chun Wah
(1)
Beneficial owner
820,300
1.09
(“Mr. Leung”)
Interest of spouse
731,940
0.97
Beneficiary of a trust
18,099,830
23.97
Kwok Chan Cheung
(2)
Interest in a controlled
7,895,554
10.46
(“Mr. Kwok”)
corporation
Hon Kar Chun
Beneficial owner
292,800
0.39
Leung Hon Shing
Beneficial owner
249,840
0.33
Notes:
(1)
Mr. Leung, being the Chairman and an Executive Director, is deemed to be interested in the 731,940 Shares
held by his wife, Ms. Cheng Wai Yin, Susana. He and his family members are the ultimate beneficiaries of
a discretionary trust, of which HSBC International Trustee Limited is the trustee. The 18,099,830 Shares
are held by Max Power Assets Limited (“Max Power”), with HSBC (Singapore) Nominees Pte Limited as its
nominee. The entire issued share capital of Max Power is held by HSBC International Trustee Limited in its
capacity as trustee of the discretionary trust. The trustee is required to obtain the consent of Mr. Leung in any
disposal and acquisition of Shares by Max Power except under certain exceptional conditions as stipulated in
the trust deed.
(2)
Global Success International Limited (“Global Success”), which is wholly owned by Mr. Kwok, the Deputy
Chairman and an Executive Director, is the beneficial owner of 7,895,554 Shares. By virtue of the SFO,
Mr. Kwok is deemed to be interested in all of the Shares held by Global Success.
