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China Communications Services Corporation Limited Annual Report 2015
REPORT OF THE DIRECTORS
DIRECTORS’ AND SUPERVISORS’ INTERESTS AND SHORT POSITIONS IN SHARES,
UNDERLYING SHARES AND DEBENTURES
As at 31 December 2015, none of the directors and supervisors of the Company had any interests or short positions in the
shares, underlying shares of equity derivatives or debentures of the Company or its associated corporations (within the meaning
of Part XV of the SFO) as recorded in the register required to be maintained under Section 352 of the SFO or as otherwise
notified to the Company and the Stock Exchange pursuant to the Model Code for Securities Transactions by Directors of Listed
Issuers. As at 31 December 2015, the Company had not granted its directors or supervisors, or their respective spouses or
children below the age of 18 any rights to subscribe for the shares or debentures of the Company or any of its associated
corporations and none of them has ever exercised any such right to subscribe for shares or debentures.
SHARE APPRECIATION RIGHTS
Please refer to note 38 to the audited financial statements for details of the share appreciation rights scheme of the Company
and the share appreciation rights granted during the year ended 31 December 2015.
PUBLIC FLOAT
As at the date of this annual report, based on information that is publicly available to the Company and within the knowledge of
the directors, the Company has maintained the prescribed public float under the Listing Rules.
DIRECTORS’ AND SUPERVISORS’ SERVICE CONTRACTS
Each of the directors and supervisors has entered into a service contract with the Company. According to the service contract,
each of the contracts has an initial term of three years and is renewable in accordance with the Articles of Association of the
Company when the initial term expires except for Ms. Han Fang. These contracts are terminable at the option of either party by
giving three months’ notice in writing or according to the terms of the contract prior to the expiry of the contract. No such
service contract is not determinable by the Company within one year without payment of compensation (other than statutory
compensation). Ms. Han Fang was appointed for a term commencing from the date of the extraordinary general meeting
approving her appointment on 11 December 2015 to the date of annual general meeting of the Company for the year 2017 to
be held in 2018.
PERMITTED INDEMNITY PROVISION
The Company has maintained appropriate directors and officers liability insurance cover for the directors, supervisors and senior
management of the Company during the course of the financial year ended 31 December 2015 and remained in force as of the
date of this report.
DIRECTORS’ AND SUPERVISORS’ INTERESTS IN TRANSACTIONS, ARRANGEMENTS
OR CONTRACTS
Save for the transactions, arrangements or contracts set out in the “Management Discussion and Analysis of Financial Conditions
and Results of Operations” section and “Directors’ and Supervisors’ Service Contracts”, “Major Customers and Suppliers”,
“Preferential Treatment and Non-competition Arrangement with China Tower Corporation Limited” and “Continuing Connected
Transactions” in the “Report of the Directors” section of this annual report and note 42 to the Consolidated Financial
Statements, no other transaction, arrangement or contract that is significant in relation to the Group’s business to which the
Company or any of its subsidiaries was a party and in which a person who at any time in 2015 was a Director or Supervisor of
the Company or his or her connected entity had, directly or indirectly, a material interest subsisted during the year ended 31
December 2015.
