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16 VTech Holdings Ltd Annual Report 2009
CORPORATE AFFAIRS
VTECH AND
OUR SHAREHOLDERS
VTech aims to enhance shareholder value through:
• Strengthening the competitive position of the Group’s
businesses
• Continuous efforts to achieve sustainable growth in
shareholder returns and in the Group’s return on
investment
• Ensuring timely, true, comprehensive and non-selective
disclosure of the Group’s financial information and
operating performance
Dividends
The dividend payout ratio of the Group is linked to its
operating earnings performance, financial position and
future investment opportunities. In the financial year
2009, the dividend payout ratio was 91.0% of the Group’s
net profit, against 71.6% in the previous financial year.
Share Performance
(for the year ended 31st March 2009)
Highest closing price HK$50.95 (13th May 2008)
Lowest closing price HK$18.7 (25th November 2008)
Investor Communications
VTech has a proactive investor relations and communications
programme that keeps investors and shareholders abreast
of the Group’s latest developments and we encourage
suggestions for improvement. During the financial year,
we held one-on-one meetings with investors, organised
site visits to our manufacturing facilities in mainland China
and participated in investor conferences.
Key financial announcements are webcast, accompanied
by the detailed slide presentations and other important
financial information. Up-to-date information on the
Group’s development, financial data and stock information
are available at the corporate website www.vtech.com.
All key information can be downloaded.
VTECH AND
OUR EMPLOYEES
The average number of employees for the financial year
2009 was 28,300, a decrease of 2.4% from 29,000 in the
previous financial year. Staff related costs for the year
ended 31st March 2009 were approximately US$168
million, as compared to approximately US$157 million in
the financial year 2008.
More than 400 staff members joined the Standard Chartered
Hong Kong Marathon 2009.
The VTech team showed their high spirits at the 2008 dragon boat race .