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20 VTech Holdings Ltd Annual Report 2011
Corporate Social Responsibility
Community
As a responsible and caring
corporate citizen, VTech supports the
communities in which it operates in
a variety of ways, under the broad
headings of sponsoring innovation,
helping children and general
corporate philanthropy.
Service and Support
Each year, VTech sponsors the Hong
Kong Business of Design Week and
Hong Kong Awards for Industry,
events which encourage innovation
in our home market.
In the US, VTech and First Book have
partnered to donate 10,000 new
books to children in low-income
communities. Also in the US, VTech
has a programme to partner with
influencers to donate VTech toys
to the Ronald McDonald House
Charities during the holiday season.
VTech UK staff joined the BTHA
Triathlon organised by the British
Toy and Hobby Association, a charity
event to raise money for children’s
charities across the country.
In Hong Kong, VTech donated
toys to Make-A-Wish® Hong Kong,
bringing joy to children suffering
from serious illness. We also donated
toys to underprivileged students in
Qingyuan, China.
VTech is well known for its
contribution to charities and youth
organisations also. We are recognised
as a “Caring Company” by the Hong
Kong Council of Social Service for our
work for the community.
During the year, VTech volunteers
visited the elderly and brought
them blankets in winter to support
HKSAGE’s senior citizen’s day. VTech
staff also worked with Hong Kong
Children and Youth Services to
organise activities for underprivileged
children and youngsters.
Each year, VTech supports the blood
donation campaign organised by
the Hong Kong Red Cross, helping to
save lives.
Shareholders
In addition to the creation of
shareholder value and management
of risk, VTech seeks to enhance
relations with shareholders and
investors through active engagement.
Shareholder Value
We aim to enhance shareholder value
over the long term in a number of
ways, including:
• Strengthening the competitiveness
of the Group’s operations
• Continuous efforts to achieve
sustainable growth in shareholder
returns and returns on investment
• Ensuring timely, accurate,
comprehensive and non-selective
disclosure of the Group’s financial
information and operating
performance
Share Performance and
Dividend
In the financial year 2011, the highest
closing share price was HK$94.90 (on
13 January 2011) and lowest closing
price was HK$69.05 (on 25 May 2010).
The Group’s dividend payout ratio
is linked to its operating earnings
performance, financial position and
future investment opportunities.
The payout ratio in the financial year
2011 amounted to 95.8% of the
profit attributable to shareholders of
the Company, against 93.7% in the
previous financial year.
Corporate Governance
VTech is committed to good
corporate governance, which we
recognise as crucial in helping us
to deliver our strategy, generate
shareholder value and safeguard our
shareholders’ long-term interests.
To ensure sound corporate oversight,
the majority of Directors on the Board
are independent non-executive
directors. The Board has established
an Audit Committee, a Remuneration
Committee, a Nomination Committee
and a Risk Management Committee
with defined terms of reference.