Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
BOE VARITRONIX LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 710)
SUPPLEMENTAL ANNOUNCEMENT
TO THE 2019 ANNUAL REPORT
Reference is made to the annual report for the year ended 31 December 2019 (the "2019 Annual Report") of BOE Varitronix Limited (the "Company", together with its subsidiaries, the "Group") published on 27 April 2020. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those set out in the 2019 Annual Report.
In addition to the information provided in the 2019 Annual Report, the Board of the Company would like to provide further information in relation to the other operating expenses.
Other operating expenses for the year included: | |||
2019 | 2018 | ||
HK$'000 | HK$'000 | ||
Amortisation of intangible assets | 702 | 385 | |
Auditors' remuneration | 3,635 | 3,684 | |
Bank charges | 1,343 | 1,519 | |
Building management fees | 5,671 | 6,517 | |
Factory consumables, cleaning and security service | |||
expenses | 13,046 | 14,332 | |
Freight charges | 40,439 | 63,095 | |
Insurance and quality assurance expenses | 4,502 | 3,084 | |
Legal and professional fees | 10,230 | 9,798 | |
Office expenses | 4,867 | 6,926 | |
Other taxes, surcharges and duties | 15,957 | 15,159 | |
Repair and maintenance | 15,120 | 16,819 | |
Sales, marketing and commission expenses | 22,421 | 10,542 | |
Subcontracting fees | 64,621 | 82,657 | |
Total minimum lease payments previously classified as | |||
operating leases under HKAS 17 | - | 12,281 | |
Travelling and entertainment expenses | 13,521 | 17,177 | |
Utilities expenses | 48,914 | 60,399 | |
Miscellaneous expenses | 6,649 | 5,709 | |
271,638 | 330,083 | ||
Save as disclosed in this announcement, the remaining contents of the 2019 Annual Report remain unchanged.
By Order of the Board
BOE Varitronix Limited
Gao Wenbao
Chairman
Hong Kong, dated 5 August 2020
As at the date of this announcement, the Board comprises nine Directors, of whom Mr. Gao Wenbao, Ms. Ko Wing Yan, Samantha and Mr. Su Ning are executive Directors, Mr. Shao Xibin, Mr. Jin Hao and Ms. Zhang Shujun are non-executive Directors, and Mr. Fung, Yuk Kan Peter, Mr. Chu, Howard Ho Hwa and Mr. Hou Ziqiang are independent non-executive Directors.