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22 VTech Holdings Ltd Annual Report 2010
Corporate Affairs
Investor Communications
VTech has a proactive investor
relations and communications
programme that keeps investors and
shareholders abreast of the Group’s
latest developments and welcomes
constructive suggestions.
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. We also held overseas
roadshows in Singapore, Japan and
the UK. The Group is followed by
an increasing number of analysts,
and many of them regularly publish
reports on the Company.
Key financial announcements are
webcast, accompanied by the
detailed slide presentations and
other important financial information.
Up-to-date information on the
Group’s developments, financial data
and stock information can be
found at the corporate website
www.vtech.com. All key information
is available electronically.
VTech and Our
Shareholders
VTech aims to enhance shareholder
value through:
• 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
Dividends
The Group’s dividend payout ratio
is linked to its operating earnings
performance, financial position and
future investment opportunities. In
the financial year 2010, the dividend
payout ratio amounted to 93.3% of
the Group’s net profit, against 91.0%
in the previous financial year.
Share Performance
(for the year ended 31 March 2010)
Highest closing price
HK$91.00 (24 March 2010)
Lowest closing price
HK$30.05 (3 April 2009)
VTech and Our
Employees
The average number of employees
for the financial year 2010 was 27,100,
a decrease of 4.2% from 28,300 in
the previous financial year. Staff
related costs for the year ended
31 March 2010 were approximately
US$172 million, as compared to
approximately US$168 million in the
financial year 2009.
Management, from the most senior
level to the factory floor, is committed
to treating employees fairly and with
respect. We put emphasis on people-
oriented management to ensure
harmonious staff relations across the
Group. Consideration is also given to
enabling employees to achieve a life
balance of their choosing.
Employment and
Remuneration Policy
Our policy is to treat all employees
on the basis of merit, qualifications
and competence. We maintain a
supportive work environment in
which all employees can enjoy equal
opportunities at work and avoid
discrimination on the grounds of age,
sex, marital status, disability or any
other non-job related factor.