WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
54
REPORT OF THE DIRECTORS
26. MAJOR CUSTOMERS AND SUPPLIERS
During the Year, sales to the Group’s five largest customers accounted for approximately 18.8%
of the total sales for the Year and the single largest customer accounted for approximately 6.2%;
purchases from the Group’s five largest suppliers accounted for approximately 83.3% of the total
purchases for the Year and the single largest supplier accounted for approximately 39.6%.
None of the Directors or any of their close associates (as defined in the HK Listing Rules) or any
Shareholders (who, to the best knowledge of the Directors, own more than 5% of the Company’s
issued share capital) had any beneficial interest in the Group’s five largest customers and suppliers.
27. EMOLUMENT POLICY
The Remuneration Committee reviews and determines the remuneration and compensation
packages of the Directors and senior management by reference to the salaries paid by comparable
companies, time commitment and responsibilities of the Directors and performance of the Group.
Details of the emoluments of the Directors and the five individuals with the highest emoluments for
the Year are set out in note 36 to the consolidated financial statements.
28. RETIREMENT BENEFIT SCHEMES/PENSION SCHEMES
The Group’s employees in Hong Kong and Taiwan are required to participate in the Mandatory
Provident Fund scheme and a defined contribution pension scheme respectively, whereby
the Group is required to pay contributions for such employees at a certain rate of the wages
determined by the relevant authorities in Hong Kong and Taiwan respectively. The Group is also
required to make contributions to various government sponsored employee-benefit funds, including
social insurance fund, housing fund, basic pension insurance fund and unemployment, maternity
and work-related insurance funds for its employees in China in accordance with the applicable laws
and regulations of China.
The Group has no other material obligation for payment of retirement benefits or pension to its
employees beyond the contributions described above. Details of the Group’s retirement benefits
scheme/pension schemes are set out in note 42 to the consolidated financial statements.
29. TAX RELIEF
The Company is not aware of any relief from taxation available to the Shareholders by reason of
their holding of the Shares.
If the Shareholders are unsure about the taxation implications of purchasing, holding, disposing
of, dealing in, or exercising any rights in relation to, the Shares, they are advised to consult a
professional in taxation.
