Haier 2009 Annual Report Download - page 45
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REPORT OF THE DIRECTORS 董事會報告書
海爾電器集團有限公司 43
Pre-emptive Rights
There are no provisions for pre-emptive rights under the Company’s
bye-laws or the laws of Bermuda which would oblige the Company to
offer new shares on a pro rata basis to existing shareholders.
Purchase, Redemption or Sale of Listed Securities
of the Company
Neither the Company, nor any of its subsidiaries purchased, redeemed
or sold any of the Company’s listed securities during the year.
Reserves
Details of movements in the reserves of the Company and the Group
during the year are set out in note 31(b) to the financial statements and
in the consolidated statement of changes in equity, respectively.
Distributable Reserves
At 31 December 2009, the Company’s reserves available for distribution,
calculated in accordance with the provisions of the Companies Act
1981 of Bermuda (as amended), amounted to RMB748,150,000. In
addition, the Company’s share premium account, in the amount of
RMB1,035,693,000, may be capitalized and distributed to members in
the form of fully paid bonus shares.
Major Customers and Suppliers
In the year under review, sales to the Group’s five largest customers
accounted for 76% of the total sales for the year and sales to the
largest customer included therein amounted to 40%. Purchases from the
Group’s five largest suppliers accounted for 99% of the total purchases
for the year and purchases from the largest supplier included therein
amounted to 70%.
During the year, Haier Group Corporation (“Haier Corp”) and Qingdao
Haier Investment and Development Co., Ltd. (“Haier Investment”)
(collectively referred to as “Haier Group”), the substantial shareholders
of the Company, had beneficial interests in two and five of the Group’s
five largest customers and suppliers, respectively.
Save as disclosed above, none of the directors or any of their associates
or any shareholders of the Company (which, to the best knowledge
of the directors, owns more than 5% of the Company’s issued share
capital) had any beneficial interest in the Group’s five largest customers
or suppliers.
31(b)
748,150,000
1,035,693,000
76%
40%
99%70%
5%