Shareholders

VTech seeks to enhance relations with shareholders and investors through active engagement, to ensure a full understanding of our efforts to enhance shareholder value and manage risk.

 

Shareholder Value

We aim to enhance shareholder value over the long term in a number of ways, particularly 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

Share Performance and Dividend

In the financial year 2012, the highest closing share price was HK$99.55 (on 30 March 2012) while the lowest closing price was HK$63.75 (on 4 October 2011).

 

The Group’s dividend  payout ratio is linked to its operating earnings performance, financial position and future investment opportunities. The dividend payout ratio in the financial year 2012 amounted  to 98.8% of the profit attributable to shareholders of the Company, against 96.2% in the previous financial year.

Corporate Governance

VTech is committed to good corporate governance, which  we recognise  as crucial in helping us to deliver our strategy, generate shareholder value and safeguard our shareholders’ long-term interests.

 

To ensure sound corporate oversight, the majority of the Board is independent non-executive directors. The Board has established an Audit Committee, a Nomination Committee, a Remuneration Committee and a Risk Management Committee with defined terms of reference.

 

The Company has a Code of Conduct which employees are required to abide by and a Whistleblower Policy to facilitate the raising of concerns by employees.

 

Investor Communications

VTech’s investor  relations  programme keeps investors abreast of the Group’s latest developments and we welcome suggestions.

 

During the financial year, we held meetings with investors, organised site visits to our facilities in mainland China and participated in investor conferences. We also held roadshows in Singapore, Hong Kong and the UK.

 

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.