Ports China

Table 1: Board of Directors of Ports Design limited, 2007

Name
Position
Board of Directors

Edward Han Kiat Tan
Chairman
Alfred Kai Tan Chan
Chief Executive and Managing Director
Pierre Frank Bourque
Executive Vice President
Julie Ann Enfield
Non-executive Director
Rodney Ray Cone
Independent Non-executive Director
Valarie Wei Lynn Fong
Independent Non-executive Director
LaraMagno Lai
Independent Non-executive Director


Audit Committee
Rodney Ray Cone
Independent non-executive director (Chairman)
Lara Magno Lai
Independent non-executive director
Valarie Wei Lynn Fong
Independent non-executive director


Remuneration Committee

Alfred Kai Tan Chan
Executive Director (Chairman)
Rodney Ray Cone
Independent non-executive director
Lara Magno LaiIndependent non-executive director

Source: PORTSDesign.com





Table 2: Comparison of Cost over Sales among PORTS and other major luxury goods companies



Note: Relevant figures extracted from annual reports of the concerned companies, as shown below:
PORTS: 2006 Consolidated Income Statement (USD was converted to Euro at the rate of 1USD=0.84462 Euro)http://www.portsdesign.com/pdffiles/EW_AR2006%20-%202.pdf
PPR: 2006 Consolidated Income Statement
http://www.ppr.com/DataUploadFiles/publications/7762/DRF_PPR_VA.pdf
LVMH: 2006 Consolidated Income Statement
http://www.lvmh.com/comfi/pdf_gbr/2006_Consolidated_financial_statements_and_notes_to_the_accounts.pdf
Richemont: 2007 Consolidated Income Statement
http://www.richemont.com/annualReport/2007/index.php?id=77&fullpage=Table 3: Financial Performance of PORTS between 2002 and 2006


Financial Figures For the Years ended 31 December (in RMB million)

2006
2005
2004
2003
2002
Results





Turnover
1055
852
714
585
470
Profit from operations
280
186
142
119
109
Profit attributable to shareholders
254
165
133
107
93






Assets and liabilities





Non-currentassets
172
154
104
86
77
Current assets
968
758
718
607
282
Current liabilities
226
154
146
100
155
Net current assets
742
606
572
507
127
Total assets less current liabilities
914
760
677
593
204
Non-current liabilities
-
-
-
-
-






Shareholders’ Equity
914
760
677
593
204

Source: PORTSdesign.com
Exhibit 1: Subsidiaries as At the end of2006

Name of Subsidiary
Place of incorporation and operation
Percentage of equity attributable to the company
Issued and fully paid-up share/ authorised capital
(in thousands)
Paid-up/ registered capital

(in thousands)
Principal activities



Direct
%
Indirect
%



Ports Asia Holding Limited
British Virgin Islands
100
-
USD11/
USD50
-
Sales of garments and investmentholding
Ports International Marketing Ltd.
British Virgin Islands
100
-
USD0.1/
USD0.1
-
Sales of garments
Symthe Trading Company Limited
Samoa Islands
99.9
0.1
USD1/
USD1,000

Sales of garments
Ports Retail (HK) Limited
Hong Kong
-
99.9
HK$1
/HK$10
-
Sales of garments
* Etac Fashion (Xiamen) Co. Ltd.
PRC
-
100
-
HK$237,000/
HK$237,000
Manufacturing and sales ofgarments
* Xiamen Xiangyu Ports Trading Co. Ltd.
PRC
-
100
-
USD2,020/
USD2,020
Sales of garments
* Ports International (Beijing) Co. Ltd.
PRC
-
100
-
USD1,850/
USD1,850
Manufacturing and sales of garments
* Ports International Marketing (Xiamen) Ltd.
PRC
-
100
-
USD14,100/
USD14,100
Manufacturing and sales of garments
* Century Ports Apparel (Xiamen) Ltd.
PRC
-
100
-RMB3,000/
RMB3,000
Manufacturing and sales of garments
* Ports Fashion (Xiamen) Ltd.
PRC
-
100
-
RMB133,000/
RMB133,000
Manufacturing and sales of garments

*Note:
All the subsidiaries incorporated in the PRC are wholly foreign-owned enterprises, except for Ports International Marketing (Xiamen) Ltd. which is a Sino-foreign equity joint venture.

Source: PORTS Annual Report 2006...