Hong Kong Regulations

COMPANIES (SUMMARY FINANCIAL REPORTS OF LISTED COMPANIES) REGULATION - SECT 5

Form and contents of summary financial reports

Summary financial reports-form and contents

(1) A summary financial report of a listed company shall contain all the
information and particulars included in the company's balance sheet and profit
and loss account as they appear in the relevant financial documents.

(2) The balance sheet and profit and loss account referred to in subsection
(1) of a listed company shall be the company's consolidated balance sheet and
consolidated profit and loss account if the company is presenting group
accounts.

(3) In addition, a summary financial report of a listed company shall-

   (a)  contain such information and particulars as included in the directors'
        report of the company and specified in section 129D(3) of the
        Ordinance;

   (b)  if the auditors' report of the company contains any of the following
        statements-

        (i)    a statement that proper books of account have not been kept by
               the company;

        (ii)   a statement that proper returns adequate for the auditors'
               audit have not been received from branches of the company not
               visited by the auditors;

        (iii)  a statement that the company's balance sheet and (unless it is
               framed as a consolidated profit and loss account) profit and
               loss account referred to in subsection (1) are not in agreement
               with the books of account and returns;

        (iv)   a statement that the auditors failed to obtain all the
               information and explanations which, to the best of their
               knowledge and belief, are necessary for the purposes of their
               audit, set out that statement;

   (c)  contain a statement from the company's auditors as to whether the
        auditors' report concerned is qualified or otherwise modified, and (if
        the auditors' report is qualified or otherwise modified) set out the
        full auditors' report and any further material necessary for the
        understanding of the qualification or other modification;

   (d)  contain an opinion from the company's auditors as to whether the
        summary financial report is consistent with the relevant financial
        documents from which it is derived and whether it complies with the
        requirements of this section;

   (e)  include a fair review of the development of the business of the
        company and its subsidiaries (if any) during the financial year
        concerned and of the position at the end of that year;

   (f)  include particulars of all important events which have occurred since
        the end of the financial year concerned and affected the company and

(if applicable) the group of companies to which the company belongs;

   (g)  indicate the likely future developments of the business of the
        company;

   (h)  include particulars specified under sections 161, 161A and 161B of the
        Ordinance;

   (i)  contain in a prominent position-

        (i)    on the front cover of the report;

        (ii)   (if there is more than one cover purporting to be the front
               cover) on every such cover;

        (iii)  (if the report has no cover or no front cover) on the first
               page of the report; or

        (iv)   (if the report has no cover and there is more than one page
               purporting to be the front page) on every such page,
a statement to the effect that the summary financial report only gives a
summary of the information and particulars contained in the company's relevant
financial documents from which it is derived and an entitled person of the
company may obtain free of charge a copy of those relevant financial
documents;

   (j)  contain in a prominent position in the report a statement as to how an
        entitled person of the company may obtain free of charge a copy of the
        company's relevant financial documents from which the report is
        derived;

   (k)  contain in a prominent position in the report a statement as to the
        manner in which an entitled person of the company may in future notify
        the company of his wishes in relation to the sending to the person a
        copy of a summary financial report in place of a copy of the relevant
        financial documents from which it is derived; and

   (l)  state the names of the directors who have signed the report on behalf
        of the board of directors of the company.

(4) Subject to the provisions of this Regulation, a listed company may specify
such other requirements in relation to the form of its summary financial
report as the company thinks fit.