Lenovo 2016 Annual Report Download - page 140

138 Lenovo Group Limited 2015/16 Annual Report
DIRECTORS’ REPORT
The directors of Lenovo Group Limited (the “Company”) submit their report together with the audited financial
statements of the Company and its subsidiaries (collectively the “Group”) for the year ended March 31, 2016.
PRINCIPAL BUSINESS AND GEOGRAPHICAL ANALYSIS OF OPERATIONS
The principal activity of the Company is investment holding. The activities of its principal subsidiaries are set out in note
37 to the financial statements.
Details of the analyses of the Group’s performance for the year by operating segment are set out in note 5 to the
financial statements.
BUSINESS REVIEW
A discussion and analysis of the activities as required by Schedule 5 to the Companies Ordinance (Chapter 622 of
the Laws of Hong Kong) (the “Companies Ordinance”), including a fair review of the business and a discussion of
the principal risks and uncertainties facing the Group, particulars of important events affecting the Group that have
occurred since the end of the financial year 2015, and an indication of likely future development in the Group’s business,
can be found in the “Five-Year Financial Summary”, “Chairman and CEO Statement”, “Management’s Discussion and
Analysis” and “Corporate Social Responsibility Report” sections of this annual report. These discussions form part of this
directors’ report.
RESULTS AND APPROPRIATIONS
The results of the Group for the year are set out in the consolidated income statement on page 159 of this annual
report.
The state of affairs of the Group and of the Company as at March 31, 2016 is set out in the consolidated balance sheet
on pages 161 to 162 of this annual report and the company balance sheet in note 30(a) to the financial statements
respectively.
The consolidated cash flows of the Group for the year are set out in the statement on page 163 of this annual report.
An interim dividend of HK6.0 cents (2015: HK6.0 cents) per share, amounting to a total of approximately HK$666.5
million (approximately US$86.0 million) (2015: approximately HK$666.5 million (approximately US$86.0 million)), was
paid to shareholders during the year.
The directors have resolved to recommend the payment of a final dividend of HK20.5 cents per share for the year ended
March 31, 2016 (2015: HK20.5 cents). Subject to shareholders’ approval at the forthcoming annual general meeting of the
Company to be held on Thursday, July 7, 2016 (“AGM”), the proposed final dividend will be payable on Tuesday, July
19, 2016 to the shareholders whose names appear on the register of members of the Company on Wednesday, July 13,
2016.
For the purposes of determining shareholders’ eligibility to attend and vote at the AGM, and entitlement to the
proposed final dividend, the register of members of the Company will be closed. Details of such closures are set out
below:
(i) For determining shareholders’ eligibility to attend and vote at AGM:
Latest time to lodge transfer documents for registration 4:30 p.m. on Wednesday, July 6, 2016
Closure of register of members Thursday, July 7, 2016
Record date Thursday, July 7, 2016
(ii) For determining shareholders’ entitlement to the proposed final dividend:
Latest time to lodge transfer documents for registration 4:30 p.m. on Tuesday, July 12, 2016
Closure of register of members Wednesday, July 13, 2016
Record date Wednesday, July 13, 2016
During the above closure periods, no transfer of shares will be registered. To be eligible to attend and vote at the AGM,
and to qualify for the proposed final dividend, all properly completed transfer documents accompanied by the relevant
share certificates must be lodged for registration with the Company’s share registrar, Tricor Abacus Limited, at Level 22,
Hopewell Centre, 183 Queen’s Road East, Hong Kong not later than the aforementioned latest times.