CREDIT RISk MANAGEMENT
The Group’s credit policy defines the credit extension criteria, the credit approval and monitoring processes, and the loan provisioning policy. The Group maintains tight control on loan assessments and approvals and will continue to exercise a conservative and prudent policy in granting loans in order to maintain a quality loan portfolio and manage the credit risk exposure of the Group.
hUMAN RESOURCES
Remuneration packages are generally structured by reference to prevailing market terms and individual qualifications. Salaries and wages are normally reviewed on an annual basis based on performance appraisals and other relevant factors. Apart from salary payments, there are other staff benefits including provident fund, medical insurance and performance related bonus. At the balance sheet date, there were approximately 449 employees employed by the Group. Share options may also be granted to eligible employees and persons of the Group.
pLEDGE OF ASSETS
At the balance sheet date, the Group had pledged bank balances of HK$3.9 million as securities for the credit card business transactions with MasterCard International Inc. The Group’s borrowings of HK$124.3 million were mainly secured by the investment properties and land and buildings of the Group with an aggregate carrying value of HK$261.6 million, bank balance and securities with carrying value of HK$8.7 million and accounts receivables of HK$59.9 million and floating charge over the asset of a subsidiary.
資本開支及承擔
63,000,000
外匯風險
信貸風險管理
人力資源
449
資產抵押
3,900,000 MasterCard International Inc 124,300,000 261,600,000 8,700,000 59,900,000
特速集团 2008年报
A n n u a l R e p o r t 2008 ? 二零零八年年報13MANAGEMENT DISCUSSION AND ANALYSIS
管理層討論及分析CONTINGENT LIABILITIES
At the balance sheet date, the Group has guarantees of HK$12.9 million (31 March 2007: HK$11.4 million) given to a financial institution in respect of banking facilities granted to a supplier of the Group.或然負債 12,900,000 11,400,000
特速集团 2008年报
X p r e s s G r o u p L i m i t e d ? 特速集團有限公司
14
DIRECTORS AND MANAGEMENT PROFILE
董事及管理人員簡介
DIRECTORS
Mr. Chan Heng Fai , aged 63, is the Managing Chairman of the Company. He has been a director of the Company since September 1992. Mr. Chan is responsible for the overall business development of the Group. His experience and expertise are in the finance and banking sectors. He is the spouse of Ms. Chan Yoke Keow.
Mr. Chan Tong Wan, Tony , aged 33, is the Managing Director of the Company. Mr. Chan began his career by working in two international companies as an investment banker specialising in Asian equity financial products. Subsequently, Mr. Chan worked for a finance and technology company in the United States as the Chief Operating Officer with a focus on its investment banking and merchant banking activities. Mr. Chan joined the Group as a non-executive director in January 2000, was appointed as an executive director in September 2002 and was appointed as Managing Director in August 2003. Mr. Chan holds a Bachelor of Commerce degree with honours, with a Finance specialization, from the University of British Columbia. Mr. Chan is the son of Mr. Chan Heng Fai and Ms. Chan Yoke Keow.Mr. Chan Tung Moe , aged 29, the Chief Executive Officer and a Director of the Company, is responsible for the overall management of the Group’s business. Previously, Mr. Chan was in charge of the overall management of Xpress Finance Limited (“Xpress Finance”), the Group’s credit card business, and also has experience in technical and business development in the finance and technology industries. He holds a Bachelor’s Degree in Applied Science, a Master’s Degree in Electro-Mechanical Engineering and a Master’s Degree in Business Administration. Mr. Chan is the son of Mr. Chan Heng Fai and Ms. Chan Yoke Keow.
Ms. Chan Yoke Keow , aged 59, has been a director of the Company since January 1992. She is responsible for the general administration and financial planning of the Group. She has over 25 years’ experience in financial management and administration. Ms. Chan is a member of the Hong Kong Securities Institute. She is the spouse of Mr. Chan Heng Fai.
Ms. Chan Sook Jin, Mary-ann , aged 37, has been a director of the Company since 1995. Ms. Chan is involved with the securities operations. Ms. Chan has previous experience with one of the leading banks in Hong Kong where she was involved in sales and marketing as well as relationship management for the Regional Securities office. Ms. Chan is the daughter of Mr. Chan Heng Fai and Ms. Chan Yoke Keow.
董事
陳恒輝先生
陳統運先生 University of British Columbia