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