E . Communication with shareholders

Principle

The Board should endeavor to maintain an on-going dialogue with shareholders and in particular, use annual general meetings to communicate with shareholders and encourage their participation.

The Company and its Board and management highly value the opinions and requirements of our shareholders. The Company communicates with shareholders through various channels including publication of interim and annual reports, press releases and announcements of the latest developments of the Company on its corporate website in a timely manner. Shareholders may choose to receive the latest information released by the Company electronically.

The annual general meeting provides an opportunity for shareholders to exchange views with the Board members, including non-executive directors and senior managers. The Chairman, the Chief Executive Officer and chairmen of different Committees attended the Annual General Meeting held on 26 May 2005.

Resolutions are proposed at the annual general meeting on each substantially separate issue, including the election of individual directors.

Details of the poll voting procedures and the rights of shareholders to demand a poll are included in the circular to shareholders dispatched together with the annual report. Details of the proposed resolutions are also set out in the circular.

The Company also enhances communication with shareholders through various investor relations activities. The principal investor relations activities of the Company in 2005 are set out on page 62 to page 63 of this annual report.

Deviation: Nil

A. Directors
B. Remuneration of Directors and Senior Management
C. Accountability and Audit
D. Delegation by the Board
E. Communication with shareholders