DOCSLIB.ORG

ANNUAL REPORT Year Ended 31 July 2017 二零一七年七月三十一日止 年度報告

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

eSun Holdings Limited (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) Stock Code 股份代號: 571 豐德麗控股有限公司 ANNUAL REPORT Year ended 31 July 2017 二零一七年七月三十一日止 年度報告 eSun Holdings Limited 豐德麗控股有限公司 (Incorporated in Bermuda with limited liability) Annual Report 2016-2017 (於百慕達註冊成立之有限公司) 11/F., Lai Sun Commercial Centre, 680 Cheung Sha Wan Road Kowloon, Hong Kong 香港九龍長沙灣道六百八十號麗新商業中心十一樓 Tel 電話 : (852) 2741 0391 Fax 傳真 : (852) 2785 2775 Website 網址 : http://www.esun.com E-mail 電子郵件 : [email protected] 年報 Stock Code on Hong Kong Stock Exchange: 571 於香港聯合交易所股份代號: 571 Weathering challenges with diligent execution 良策力行 攻堅克難 Cover Photo Hong Kong Plaza — A property of the Company’s subsidiary Lai Fung Holdings Limited located at Shanghai, China 封面圖片 本公司附屬公司麗豐控股有限公司 位於中國上海之物業 — 香港廣場 CONTENTS 2 Corporate Information 3 Corporate Profile 4 Chairman’s Statement 12 Financial Summary and Highlights 16 Management Discussion and Analysis 24 Particulars of Major Properties 28 Environmental, Social and Governance Report 38 Corporate Governance Report 52 Biographical Details of Directors 58 Report of the Directors 76 Shareholders’ Information 77 Financial Section 213 Notice of Annual General Meeting CORPORATE INFORMATION PLACE OF INCORPORATION SHARE REGISTRAR AND TRANSFER Bermuda OFFICE IN BERMUDA MUFG Fund Services (Bermuda) Limited BOARD OF DIRECTORS The Belvedere Building Executive Directors 69 Pitts Bay Road Pembroke HM08 Lui Siu Tsuen, Richard (Chief Executive Officer) Bermuda Chew Fook Aun Lam Hau Yin, Lester Yip Chai Tuck BRANCH SHARE REGISTRAR AND Non-executive Directors TRANSFER OFFICE IN HONG KONG U Po Chu Tricor Tengis Limited Andrew Y. Yan Level 22, Hopewell Centre 183 Queen’s Road East Independent Non-executive Directors Hong Kong Low Chee Keong (Chairman) Lo Kwok Kwei, David Ng Lai Man, Carmen INDEPENDENT AUDITOR Alfred Donald Yap Ernst & Young Certified Public Accountants AUDIT COMMITTEE Ng Lai Man, Carmen (Chairwoman) Low Chee Keong PRINCIPAL BANKERS Alfred Donald Yap Bank of China Limited The Bank of East Asia, Limited China CITIC Bank Corporation Limited REMUNERATION COMMITTEE DBS Bank Ltd., Hong Kong Branch Low Chee Keong (Chairman) Hang Seng Bank Limited Chew Fook Aun The Hongkong and Shanghai Banking Corporation Limited Lui Siu Tsuen, Richard Oversea-Chinese Banking Corporation Limited Ng Lai Man, Carmen United Overseas Bank Limited Alfred Donald Yap AUTHORISED REPRESENTATIVES LISTING INFORMATION Chew Fook Aun Shares Lui Siu Tsuen, Richard The issued shares of the Company are listed and traded on COMPANY SECRETARY the Main Board of The Stock Exchange of Hong Kong Limited Wong Lai Chun REGISTERED OFFICE Stock Code/Board Lot Clarendon House 571/2,000 shares 2 Church Street Hamilton HM 11 Bermuda WEBSITE PRINCIPAL OFFICE www.esun.com 11th Floor, Lai Sun Commercial Centre 680 Cheung Sha Wan Road Kowloon, Hong Kong INVESTOR RELATIONS Tel: (852) 2853 6116 Tel: (852) 2741 0391 Fax: (852) 2853 6651 Fax: (852) 2785 2775 E-mail: [email protected] 2 ANNUAL REPORT 2016-2017 CORPORATE PROFILE Lai Sun Garment (International) Limited* 53.32% Lai Sun Development Company Limited* 36.94% eSun Holdings Limited* Cinema Operation Media Property Cosmetic (Hong Kong & and Entertainment (Mainland China) Mainland China) 67.56% 50.80% Media Asia Group Lai Fung Holdings Limited# Holdings Limited* • Property Investment • Property Development Artiste Events Television Distribution of • Property Management Others Music Movie Management Management Drama Film & Video • Hotels and Serviced Apartments • Cultural, Leisure, Entertainment and Related Facilities * Listed on the Main Board of The Stock Exchange of Hong Kong Limited # Listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited Corporate Structure as at 19 October 2017 eSun Holdings Limited (“Company”) is a member of the Lai Sun Group which was established in Hong Kong in 1947. The Company acted as an investment holding company and the principal activities of its subsidiaries include the development, operation of and investment in media and entertainment, music production and distribution, the investment in and production and distribution of television programmes, films and video format products, cinema operation, the sale of cosmetic products, property development for sale and property investment for rental purposes as well as the development and operation of and investment in cultural, leisure, entertainment and related facilities. Since 9 June 2011, Media Asia Group Holdings Limited (“MAGHL”, formerly known as “Rojam Entertainment Holdings Limited”) has become a subsidiary of the Company. MAGHL is a company listed on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (“Stock Exchange”) (Stock Code: 8075). The Company currently holds about 67.56% of the issued shares in MAGHL and its principal activities include film production and distribution; organisation, management and production of concerts and live performances; artiste management; production and distribution of television programmes; music production and publishing; licensing of media contents; provision of consultancy services in planning and management of cultural, entertainment and live performance projects. In addition, the Company’s 50.80%-owned subsidiary, Lai Fung Holdings Limited (“Lai Fung”), is a company listed on the Main Board of the Stock Exchange (Stock Code: 1125). The principal activities of Lai Fung and its subsidiaries consist of property development for sale, property investment for rental purposes, and development and operation of and investment in cultural, leisure, entertainment and related facilities in Mainland China. In August 2013, the Company acquired an 85% equity interest in Intercontinental Group Holdings Limited (“IGHL”, formerly known as “Kadokawa Intercontinental Group Holdings Limited”) which has become a subsidiary of the Company. IGHL is one of the leading film and video distribution companies in Hong Kong, releasing around 30 films every year and distributing a variety of video products. IGHL is also one of the leading multiplex cinema operators in Hong Kong, operating a total of 12 cinemas in Hong Kong and Mainland China as well as having a 30% joint venture interest in The Grand Cinema at the Elements, MTR Kowloon Station. eSun Holdings Limited 3 CHAIRMAN’S STATEMENT Well positioned to capitalise “on the trend with its solid foundation in the industry” Low Chee Keong Chairman I am pleased to present the audited consolidated results of eSun Holdings Limited (“Company”) and its subsidiaries (collectively, “Group”) for the year ended 31 July 2017. OVERVIEW OF ANNUAL RESULTS For the year ended 31 July 2017, the Group recorded a turnover of HK$2,677.4 million, representing a decrease of 20.5% from HK$3,369.3 million last year. The decrease is primarily due to less turnover from sale of properties of Lai Fung Holdings Limited (“Lai Fung”, a non-wholly-owned subsidiary of the Company) and its subsidiaries (collectively, “Lai Fung Group”) for the year ended 31 July 2017 as compared to last year. The gross profit decreased by approximately 21.5% to HK$1,081.4 million (2016: HK$1,378.2 million). For the year ended 31 July 2017, net profit attributable to owners of the Company was approximately HK$514.2 million (2016: HK$80.8 million). Basic earnings per share was HK$0.378 (2016: HK$0.065). The increase in net profit attributable to owners of the Company for the year under review is a mix of: (a) lower operating profit due to lower recognised property sales from Lai Fung Group; (b) increased profit contribution from the property sales of Lai Fung’s joint venture project; (c) higher revaluation gain arising from the revaluation of the Lai Fung Group’s investment properties; (d) tax indemnity amount received by Lai Fung from Lai Sun Development Company Limited (the controlling shareholder of the Company) pursuant to the tax indemnity deed in connection with the listing of Lai Fung on The Stock Exchange of Hong Kong Limited in 1997; and (e) gain on disposal of the Group’s entire interest in 1,480,994 Series C Preferred shares in Pony Media Holdings Inc. in March 2017. Net profit attributable to owners of the Company for the year ended 31 July 2017 excluding the effect of property revaluations was approximately HK$145.1 million (2016: net loss of HK$121.3 million). Net profit per share attributable to owners of the Company excluding the effect of property revaluations was HK$0.107 per share. 4 ANNUAL REPORT 2016-2017 CHAIRMAN’S STATEMENT Excluding the effect of property revaluations, fair value gains on cross currency swaps and the ineffective portion of the effective hedge recognised in profit or loss, net profit attributable to owners of the Company for the year ended 31 July 2017 amounted to HK$92.4 million (2016: net loss of HK$116.3 million). Net profit per share attributable to owners of the Company excluding the effect of property revaluations, fair value gains on cross currency swaps and the ineffective portion of the effective hedge recognised in profit or loss was HK$0.068 per share. For the year ended 31 July Profit/(loss) attributable to owners of the Company 2017 2016 HK$’million HK$’million Reported 514.2 80.8 Adjustments in respect of investment properties Revaluation of properties (493.9) (270.5) Deferred tax on investment properties 123.5 67.6 Non-controlling interests’ share of revaluation movements less deferred tax 1.3 0.8 Net profit/(loss) after tax and tax indemnity excluding revaluation gains of investment properties 145.1 (121.3) Adjustment in respect of fair value gains on cross currency swaps (56.7) – Adjustment in respect of ineffective portion of the effective hedge recognised in profit or loss 4.0 5.0 Net profit/(loss) after tax and tax indemnity excluding adjustments in respect of investment properties, fair value gains on cross currency swaps and ineffective portion of the effective hedge recognised in profit or loss 92.4 (116.3) eSun Holdings Limited 5 CHAIRMAN’S STATEMENT Equity attributable to owners of the Company as at 31 July 2017 amounted to HK$9,118.2 million (31 July 2016: HK$8,599.3 million).
Recommended publications
  • Warriors As the Feminised Other

    Warriors As the Feminised Other

    Warriors as the Feminised Other The study of male heroes in Chinese action cinema from 2000 to 2009 A thesis submitted in partial fulfilment of the requirements for the Degree of Doctor of Philosophy in Chinese Studies at the University of Canterbury by Yunxiang Chen University of Canterbury 2011 i Abstract ―Flowery boys‖ (花样少年) – when this phrase is applied to attractive young men it is now often considered as a compliment. This research sets out to study the feminisation phenomena in the representation of warriors in Chinese language films from Hong Kong, Taiwan and Mainland China made in the first decade of the new millennium (2000-2009), as these three regions are now often packaged together as a pan-unity of the Chinese cultural realm. The foci of this study are on the investigations of the warriors as the feminised Other from two aspects: their bodies as spectacles and the manifestation of feminine characteristics in the male warriors. This study aims to detect what lies underneath the beautiful masquerade of the warriors as the Other through comprehensive analyses of the representations of feminised warriors and comparison with their female counterparts. It aims to test the hypothesis that gender identities are inventory categories transformed by and with changing historical context. Simultaneously, it is a project to study how Chinese traditional values and postmodern metrosexual culture interacted to formulate Chinese contemporary masculinity. It is also a project to search for a cultural nationalism presented in these films with the examination of gender politics hidden in these feminisation phenomena. With Laura Mulvey‘s theory of the gaze as a starting point, this research reconsiders the power relationship between the viewing subject and the spectacle to study the possibility of multiple gaze as well as the power of spectacle.
  • 7015 B Program P.Indd

    7015 B Program P.Indd

    From the Queen to the Chief Executive: May 4–6 Hong Kong Films 2007 10 Years After the Handover 香港電影縱橫﹕ 展與談 1 I am absolutely thrilled to welcome you to our fi rst Hong Kong fi lm Schedule at a glance festival, From the Queen to the Chief Executive: Hong Kong Films Ten Years After the Handover. This important event fi rst and foremost celebrates the friday, may 4 2:30 pm–4:15 pm achievements of Hong Kong fi lm and its impact on a new and ever- Banana Bruises; Royal Ontario Museum changing global culture. From the Queen to the Chief Executive also provides Dumplings Theatre, 100 Queen’s Park a forum to contemplate developments on Hong Kong since its historic 4:15 pm–5:15 pm 6:15 pm–7:15 pm return to China in 1997. Film is a lens through which to understand the Horror Panel VIP Reception dynamics of a changing society and the world around it. Film provides 5:15 pm–6:30 pm Royal Ontario Museum – an important platform, a medium, for telling peoples’ stories. In this Dinner Break Glass Room on the respect, fi lm is both critical and celebratory, it challenges and re- 4th Floor 6:30 pm–8:35 pm affi rms. Its impact is political, social, economic, cultural and often Venues 7:00 pm Eastbound; Welcome leaves legacies of historical import. Doors Open Lost in Time to the First 7:30 pm–7:40 pm 8:35 pm–9:00 pm The Asian Institute is an inter-disciplinary home to scholars working iiX iiX iiX iiX Break Waddg Waddg Welcoming Remarks University on Asia, comprising leading scholars in the humanities and social VkZcjZgY YZdch]^gZea 7:40 pm–9:30 pm 9:00 pm–11:00 pm sciences.
  • Award-Winning Hong Kong Film Gallants to Premiere at Hong Kong

    Award-Winning Hong Kong Film Gallants to Premiere at Hong Kong

    FOR IMMEDIATE RELEASE Award-winning Hong Kong film Gallants to premiere at Hong Kong Film Festival 2011 in Singapore One-week festival to feature a total of 10 titles including four new and four iconic 1990s Hong Kong films of action and romance comedy genres Singapore, 30 June 2011 – Movie-goers can look forward to a retro spin at the upcoming Hong Kong Film Festival 2011 (HKFF 2011) to be held from 14 to 20 July 2011 at Cathay Cineleisure Orchard. A winner of multiple awards at the Hong Kong Film Awards 2011, Gallants, will premiere at HKFF 2011. The action comedy film will take the audience down the memory lane of classic kung fu movies. Other new Hong Kong films to premiere at the festival include action drama Rebellion, youthful romance Breakup Club and Give Love. They are joined by retrospective titles - Swordsman II, Once Upon A Time in China II, A Chinese Odyssey: Pandora’s Box and All’s Well, Ends Well. Adding variety to the lineup is Quattro Hong Kong I and II, comprising a total of eight short films by renowned Hong Kong and Asian filmmakers commissioned by Brand Hong Kong and produced by the Hong Kong International Film Festival Society. The retrospective titles were selected in a voting exercise that took place via Facebook and SMS in May. Public were asked to select from a list of iconic 1990s Hong Kong films that they would like to catch on the big screen again. The list was nominated by three invited panelists, namely Randy Ang, local filmmaker; Wayne Lim, film reviewer for UW magazine; and Kenneth Kong, film reviewer for Radio 100.3.
  • Filmart 2014 №1

    Filmart 2014 №1

    DAILY MARCH 24, FILMART 2014 №1 THR.COM/FILMART China_3D_cover_Day1.indd 1 3/21/14 3:18 PM ASIAN PREMIERE INTERNATIONAL MARKET PREMIERE Mon, 24th Mar. Mon,/ 16:00 24th /Mar. AMC / 16:00 Pacific / AMC 4 Pacific/ By Invitation4 / Market (BY INVITATION ONLY) Tue, 25th Mar. / 10:00 / AMC Pacific 1 / By Invitation Tue, 25th Mar. / 10:00 / AMC Pacific 1 / Market (BY INVITATION ONLY) Fortissimo Films HKIFF + HK Filmart Booth: 1E - B09 To set up a meeting with us, please e-mail to [email protected] HK 2014_THR_another me.indd 1 2014/3/19 �� 8:32 Fortissimo FP_Day1.indd 1 3/19/14 11:18 AM MARCH 24, 2014 THR.COM/FILMART FILMART №1 HONG KONG TODAY TOMORROW WEATHER AND HIGH 73° F 71° F TEMPS 23° C 22° C IP MAN 3 Chinese Movie Boom Boosts Filmart KICKS INTO An increased presence from the Mainland sparks optimism among dealmakers hoping to HIGH GEAR grab a larger slice of the world’s fastest-growing film marketBy Clifford Coonan and Karen Chu By Karen Chu ong Kong Filmart is already Asia’s largest wait and see. It’s a curtain raiser for Cannes and egasus Motion Pictures film market in terms of exhibitor numbers, advance showcase for upcoming projects, and it is will begin filming Ip H but coming shortly before Cannes, it is increasingly well attended.” P Man 3 in early 2015. an annual challenge to convince buyers to open But the growing allure of Chinese-language With a budget of $30 mil- their wallets in Asia, rather than wait for the bigger movies makes Filmart ever more important to lion, the finale of the trilogy, European platform.
  • Day 1 001 Ad Cover.Indd

    Day 1 001 Ad Cover.Indd

    MONDAY, MARCH 24 2014 DAY 1 AT FILMART www.ScreenDaily.com Editorial +852 2582 8959 Advertising +852 2582 8958 fatal_encounter-ad_245x266_fin_전달용 1 2014.3.14 5:41:12 PM MONDAY, MARCH 24 2014 TODAY DAY 1 AT FILMART Hot titles: Korea, page 16 www.ScreenDaily.com Editorial +852 2582 8959 Advertising +852 2582 8958 NEWS Pan-Asia Academy expands Hong Kong, Busan and Toyko outline Academy plans » Page 4 Desen teams with Weta REVIEWS The Midnight After Fruit Chan’s opening night film proves a quirky apocalyptic horror on 3D epic Zhong Kui » Page 10 Jamie Marks Is Dead BY LIZ SHACKLETON Weta Workshop is providing FEATURE China’s Desen International Media character and scenery design for Hot titles Celluloid Dreams has brought on board top VFX the fi lm, while its sister company Screen profiles Korean cinema houses including Peter Jackson’s Park Road Post works on compos- highlights acquires Jamie Weta Workshop for $27m 3D fan- iting. The film is one of the first » Page 16 tasy adventure Zhong Kui: Snow Chinese films to use full perfor- Marks Is Dead Girl And The Dark Crystal. mance capture, which will be han- SCREENINGS Acclaimed Hong Kong DoP dled by leading Korean VFX house » Page 19 BY JEAN NOH Peter Pau is serving as producer, Li Bingbing Macrograph (Journey To The West: France’s Celluloid Dreams has DoP and VFX director on the fi lm, Conquering The Demons). picked up international rights on which is currently shooting in stereographer Vincent E Toto Other behind-the-scenes talent Sundance competitor Jamie Marks China with Chen Kun, Li Bingbing, (Dredd).
  • INFERNAL AFFAIRS (2002, 101 Min.) Online Versions of the Goldenrod Handouts Have Color Images & Hot Links

    INFERNAL AFFAIRS (2002, 101 Min.) Online Versions of the Goldenrod Handouts Have Color Images & Hot Links

    November 13 2018 (XXXVII:12) Wai-Keung Lau and Alan Mak: INFERNAL AFFAIRS (2002, 101 min.) Online versions of The Goldenrod Handouts have color images & hot links: http://csac.buffalo.edu/goldenrodhandouts.html DIRECTED BY Wai-Keung Lau (as Andrew Lau) and Alan Mak WRITING Alan Mak and Felix Chong PRODUCED BY Wai-Keung Lau producer (as Andrew Lau), line producers: Ellen Chang and Lorraine Ho, and Elos Gallo (consulting producer) MUSIC Kwong Wing Chan (as Chan Kwong Wing) and Ronald Ng (composer) CINEMATOGRAPHY Yiu-Fai Lai (director of photography, as Lai Yiu Fai), Wai-Keung Lau (director of photography, as Andrew Lau) FILM EDITING Curran Pang (as Pang Ching Hei) and Danny Pang Art Direction Sung Pong Choo and Ching-Ching Wong WAI-KEUNG LAU (b. April 4, 1960 in Hong Kong), in a Costume Design Pik Kwan Lee 2018 interview with The Hollywood Reporter, said “I see every film as a challenge. But the main thing is I don't want CAST to repeat myself. Some people like to make films in the Andy Lau...Inspector Lau Kin Ming same mood. But because Hong Kong filmmakers are so Tony Chiu-Wai Leung...Chen Wing Yan (as Tony Leung) lucky in that we can be quite prolific, we can make a Anthony Chau-Sang Wong...SP Wong Chi Shing (as diverse range of films.” Lau began his career in the 1980s Anthony Wong) and 1990s, serving as a cinematographer to filmmakers Eric Tsang...Hon Sam such as Ringo Lam, Wong Jing and Wong Kar-wai. His Kelly Chen...Dr.
  • Howard Choya4

    Howard Choya4

    Global Cities Schizophrenic Hong Kong: Postcolonial Identity Crisis in the Infernal Affairs Trilogy HOWARD Y. F. CHOY Michel Foucault avers: «one should totally and absolutely suspect anything that claims to be a return. there is in fact no such thing as a return.» It is, however, in rigid irredentist claims of the return that Hong Kong was handed over from British to Chinese rule in 1997. To the natives of Hong Kong, this postcolonial turn is actually less a decolonization than a recolonization of the capitalist Cantonese city by the mainland Mandarin master. They find themselves helplessly trapped in the dual nationality of overseas British and Chinese nationals. This existential agony is deftly cinematized in the Infernal Affairs trilogy under the disguise of a police epic. The 2002 box-office success and its 2003 prequel and sequel tell a story about an undercover cop and a mafia mole. A crisis of consciousness arises from both the former’s desire to regain his true identity and the latter’s struggle to become a real cop. The identity crisis is not only about, as critics suggest, split personalities between good and evil, but also political tensions between the colonized and colonizers. This paper argues that the collective failure of identity change before and after the fin de siècle changeover characterizes the Special Administrative Region’s schizophrenic return. Schizophrenic Hong Kong : Postcolonial Identity Crisis in the Infernal Affairs Trilogy Chineseness/Britishness: Return and Depart Michel Foucault avers: «One should totally and absolutely suspect anything that claims to be a return. there is in fact no such thing as a return».1 It was, however, in rigid irredentist claims of a «return» that the People’s Republic of China (PRC) took over Hong Kong from Great Britain in 1997.
  • Media Asia Group Holdings Limited 寰亞傳媒集團有限公司 (Stock Code 股份代號：8075)

    Media Asia Group Holdings Limited 寰亞傳媒集團有限公司 (Stock Code 股份代號：8075)

    Media Asia Group Holdings Limited 寰亞傳媒集團有限公司 (Stock Code 股份代號：8075) ANNUAL REPORT 年度報告 Year ended 31 July 2017 二零一七年七月三十一日止 Media Asia expands into China’s media and entertainment markets, aiming to bring to the audience with ever-wider, more exuberant choice in entertainment experiences. 寰亞傳媒全面拓展中國大陸傳媒及娛樂市場， 為廣大觀眾帶來更豐富、更全面的娛樂享受。 CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM has been positioned as a market designed to accommodate companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM. This report, for which the directors of Media Asia Group Holdings Limited (the “Directors”) collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM for the purpose of giving information with regard to Media Asia Group Holdings Limited. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this report is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this report misleading.
  • University of Southampton Research Repository Eprints Soton

    University of Southampton Research Repository Eprints Soton

    University of Southampton Research Repository ePrints Soton Copyright © and Moral Rights for this thesis are retained by the author and/or other copyright owners. A copy can be downloaded for personal non-commercial research or study, without prior permission or charge. This thesis cannot be reproduced or quoted extensively from without first obtaining permission in writing from the copyright holder/s. The content must not be changed in any way or sold commercially in any format or medium without the formal permission of the copyright holders. When referring to this work, full bibliographic details including the author, title, awarding institution and date of the thesis must be given e.g. AUTHOR (year of submission) "Full thesis title", University of Southampton, name of the University School or Department, PhD Thesis, pagination http://eprints.soton.ac.uk UNIVERSITY OF SOUTHAMPTON FACULTY OF HUMANITIES Film Studies Hong Kong Cinema Since 1997: The Response of Filmmakers Following the Political Handover from Britain to the People’s Republic of China by Sherry Xiaorui Xu Thesis for the degree of Doctor of Philosophy December 2012 UNIVERSITY OF SOUTHAMPTON ABSTRACT FACULTY OF HUMANITIES Film Studies Doctor of Philosophy HONG KONG CINEMA SINCE 1997: THE RESPONSE OF FILMMAKERS FOLLOWING THE POLITICAL HANDOVER FROM BRITAIN TO THE PEOPLE’S REPUBLIC OF CHINA by Sherry Xiaorui Xu This thesis was instigated through a consideration of the views held by many film scholars who predicted that the political handover that took place on the July 1 1997, whereby Hong Kong was returned to the sovereignty of the People’s Republic of China (PRC) from British colonial rule, would result in the “end” of Hong Kong cinema.
  • P Anorama International Holdings Vimited

    P Anorama International Holdings Vimited

    C M Y CM MY CY CMY K WYcdfYbY Uch\fcYh_dcYa Tda[_c]g V_b_h\[ vqrusonpkl ^hheRNNjjjMeYcdfYbYMZdbM^` ,6/79879-;10 36 ;21 +-=5-6 ,:4-60: <3;2 4353;10 43-.343;= EJHKGI@CB>DF?A ScciYa X\edfh POOQ mt CHARACTERISTICS OF THE GROWTH ENTERPRISE MARKET (“GEM”) OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE “STOCK EXCHANGE”) GEM has been established as a market designed to accommodate companies to which a high investment risk may be attached. In particular, companies may list on GEM with neither a track record of profitability nor any obligation to forecast future profitability. Furthermore, there may be risks arising out of the emerging nature of companies listed on GEM and the business sectors or countries in which the companies operate. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Given the emerging nature of companies listed on GEM, there is a risk that securities traded on GEM may be more susceptible to high market volatility than securities traded on the Main Board of the Stock Exchange and no assurance is given that there will be a liquid market in the securities traded on GEM. The principal means of information dissemination on GEM is publication on the Internet website operated by the Stock Exchange. Listed companies are not generally required to issue paid announcements in gazetted newspapers.
  • A Different Brilliance—The D & B Story

    A Different Brilliance—The D & B Story

    1. Yes, Madam (1985): Michelle Yeoh 2. Love Unto Wastes (1986): (left) Elaine Jin; (right) Tony Leung Chiu-wai 3. An Autumn’s Tale (1987): (left) Chow Yun-fat; (right) Cherie Chung 4. Where’s Officer Tuba? (1986): Sammo Hung 5. Hong Kong 1941 (1984): (from left) Alex Man, Cecilia Yip, Chow Yun-fat 6. It’s a Mad, Mad, Mad World (1987): (front row from left) Loletta Lee, Elsie Chan, Pauline Kwan, Lydia Sum, Bill Tung; (back row) John Chiang 7. The Return of Pom Pom (1984): (left) John Sham; (right) Richard Ng 8. Heart to Hearts (1988): (from left) Dodo Cheng, George Lam, Vivian Chow Pic. 1-8 © 2010 Fortune Star Media Limited All Rights Reserved Contents 4 Foreword Kwok Ching-ling, Wong Ha-pak 〈Chapter I〉 Production • Cinema Circuits 10 D & B’s Development: From Production Company to Theatrical Distribution Po Fung Circuit 19 Retrospective on the Big Three: Dickson Poon and the Rise-and-Fall Story of the Wong Ha-pak D & B Cinema Circuit 29 An Unconventional Filmmaker—John Sham Eric Tsang Siu-wang 36 My Days at D & B Shu Kei In-Depth Portraits 46 John Sham Diversification Strategies of a Resolute Producer 54 Stephen Shin Targeting the Middle-Class Audience Demographic 61 Linda Kuk An Administrative Producer Who Embodies Both Strength and Gentleness 67 Norman Chan A Production Controller Who Changes the Game 73 Terence Chang Bringing Hong Kong Films to the International Stage 78 Otto Leong Cinema Circuit Management: Flexibility Is the Way to Go 〈Chapter II〉 Creative Minds 86 D & B: The Creative Trajectory of a Trailblazer Thomas Shin 92 From
  • E 8078Pro-20001208.Pdf

    E 8078Pro-20001208.Pdf

    IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. A1A-1 (Incorporated in Bermuda with limited liability) LISTING ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED PLACING AND PUBLIC OFFER Number of Offer Shares A1A-15(1) under the Share Offer : 96,000,000 A1A-15(3)(a) (subject to Over-allotment Option) A1A-23(1) 3rd Sch (2) Number of Placing Shares : 76,800,000 (subject to reallocation) Number of Public Offer Shares : 19,200,000 (subject to reallocation) Issue Price : not more than HK$1.08 per Share and not less than HK$1.03 per Share Nominal Value : HK$0.01 each A1A-15(3)(c) Stock Code : 8078 Sponsor and Bookrunner Joint Lead Managers Emperor Securities Limited Co-Managers CEF Capital Limited Celestial Capital Limited Shenyin Wanguo Capital (H.K.) Limited South China Securities Limited Tai Fook Securities Company Limited Financial adviser to the Group Emperor Capital Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability R2.19 whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. R14.04 R13.08(11) A copy of this prospectus, having attached thereto the documents specified in the section headed “Documents delivered to S342C(2)(a) the Registrar of Companies and available for inspection” in appendix VI to this prospectus, has been registered by the Registrar S342C(2)(b) of Companies in Hong Kong as required by Section 342C of the Companies Ordinance (Chapter 32 of the Laws of Hong Kong).