(continued) 31 December ** Li & Fung (B.V.I.) British Virgin Ordinary 100 Marketing services Limited Islands US$400,010 and investment holding

Transcription

1 Group Structure Structure (continued) 31 December 1999 ** Li & Fung (B.V.I.) British Virgin Ordinary 100 Marketing services Islands US$400,010 and investment holding Albinina Hong Kong Ordinary 100 Property investment HK$20 * Appleton Holdings British Virgin Ordinary 100 Investment holdings Ltd Islands US$1 Basic & More Hong Kong Ordinary 100 Export trading Trading HK$1,000,000 * Beldare Enterprises Inc. U.S.A. Common stock 100 General trading US$100 Beldare Enterprises Hong Kong Ordinary 100 General trading HK$1,000,000 * Black Cat Fireworks England Ordinary 100 Wholesaling GBP1,200,000 Camberley Enterprises Hong Kong Ordinary 100 Apparel exporting HK$250,000 Dodwell (Mauritius) Hong Kong Ordinary A 60 Export trading HK$300,000 Ordinary B HK$200,000 * Golden Gate U.S.A. Common stock 100 Commission agent Fireworks Inc. US$600,000 and investment holding 54 Li & Fung Annual Report 1999

2 Golden Horn British Virgin Ordinary 75 Investment Investments Islands US$100 management (Europe) Ltd Golden Horn Cayman Ordinary 75 Investment Investments Inc. Islands US$100 management Golden Horn N.V. Netherlands US$6, Investment holding Antilles Golden Horn Venture Hong Kong Ordinary 100 Investment holding Capital HK$400,000 Hillung Enterprises Hong Kong Ordinary 100 Export trading HK$300,000 Kwok Yue Hong Kong Ordinary 100 Export trading HK$10,000 * LF Capital Management British Virgin Ordinary 100 Investment Islands US$1 management LF Corporate Capital I) British Virgin Ordinary 100 Investment holding Islands US$1 * LF Europe British Virgin Ordinary 100 Investment Islands US$1 management * LF International Inc. U.S.A. Common stock 100 Investment US$30,002 management LFCF Investment I British Virgin Ordinary 100 Investment (Europe) Islands US$1 management LFCF Investment I British Virgin Ordinary 100 Investment (USA) Islands US$1 management Li & Fung 55 Annual Report 1999

3 * Li & Fung Agencia Portugal Quotas 100 Export trading De Compras em PTE 20,000,000 Portugal, Limitada * Li & Fung England Ordinary 100 Investment holding (Bangladesh) GBP 100 Li & Fung Development Hong Kong Ordinary 100 Property HK$20 investment * Li & Fung Enterprise The People s HK$10,000, Provision of Development Republic of inspection services (Shenzhen) China Company Li & Fung (Exports) Hong Kong Ordinary 100 Export trading HK$10,000 Non-voting deferred HK$8,600,000 Li & Fung (Fashion Hong Kong Ordinary A 100 Export trading Accessories) HK$300,000 Ordinary B HK$300,000 * Li & Fung (Guatemala) Guatemala Common shares 100 Export trading S.A. Q5,000 * Li & Fung (Honduras) Honduras Nominative 100 Export trading common shares Lps25,000 * Li & Fung (India) India Equity shares 100 Export trading Private Rupee 64,000,200 Li & Fung 56 Annual Report 1999

4 * Li & Fung (Italia) Italy Units 100 Export trading S.r.l. Lire 90,000,000 (formerly known as International Buying Service Italia S.r.l.) * Li & Fung (Korea) Korea Common stock 100 Export trading Won 200,000,000 * Li & Fung Mauritius A Shares 60 Export trading (Mauritius) Rupees 750,000 B Shares Rupees 500,000 * Li & Fung Turkey TL600,000, Export trading Mumessillik, Pazarlama Sirketi * Li & Fung Philippines Peso 500, Export trading (Philippines) Inc. * Li & Fung (Portugal) England Ordinary 100 Investment holding GBP 100 Li & Fung (Properties) Hong Kong Ordinary 100 Property investment HK$1,000,000 * Li & Fung Singapore Ordinary 100 Export trading (Singapore) Private S$25,000 * Li & Fung South South Africa Ordinary 100 Export trading Africa (Proprietary) Rand 100 Li & Fung 57 Annual Report 1999

5 * Li & Fung Taiwan Taiwan NT$287,996, Investment holding Holdings Li & Fung Taiwan British Virgin Ordinary 100 Investment holding Investments Islands US$4,912,180 * Li & Fung (Taiwan) Taiwan NT$40,000, Export trading * Li & Fung Thailand Baht 6,000, Export trading (Thailand) Li & Fung (Trading) Hong Kong Ordinary HK$ Export trading and Non-voting deferred investment holding HK$10,000,000 * Li & Fung The People s US$1,999, Packaging (Zhanjiang) Republic of China Lifung Express Hong Kong Ordinary A 100 Export trading HK$10 Ordinary B HK$10 Lifung Structure Hong Kong Ordinary 100 Export trading HK$20 Lloyd Textile Hong Kong Ordinary 100 Export trading Trading HK$1,000,000 Luma Trading Hong Kong Ordinary 60 Export trading HK$100 * Mercury (BVI) British Virgin Ordinary 100 Investment holding Holdings Islands US$1 Li & Fung 58 Annual Report 1999

6 * Neptune Pacific British Virgin Ordinary 100 Investment holding Islands US$1 * Perfect Trading Inc. Egypt LE 250, Export trading * P.T. Lifung Indonesia US$250, Export trading Indonesia * Ratners Enterprises British Virgin Ordinary 100 Investment holding Islands US$1 Shiu Fung Fireworks Hong Kong Ordinary A 100 Export trading Company HK$1,100,000 Ordinary B HK$1,100,000 * Swire & Maclaine Thailand Ordinary 90 Export trading Company Baht 4,000,000 Swire & Maclaine Hong Kong Ordinary 100 General trading and HK$5,570,150 investment holding * Swire & Maclaine Singapore Ordinary 100 Export trading Pte S$25,000 * Tantallon Enterprises British Virgin Ordinary 100 Investment holding Islands US$1 * The Millwork U.S.A. Common stock 100 Distribution and Trading Co., Ltd US$1,331,000 wholesaling 9.5% Preferred Stock US$0.17 Toy Island Hong Kong Ordinary 100 Design and Manufacturing HK$62,000,000 marketing Company Li & Fung 59 Annual Report 1999

7 Verity Enterprises Hong Kong Ordinary 100 Export trading HK$2,000,000 * Subsidiaries not audited by PricewaterhouseCoopers, Hong Kong. ** Li & Fung (B.V.I.) provides the subsidiaries with promotional and marketing activities outside Hong Kong. The above table lists out the principal subsidiaries of the Company as at 31 December 1999 which, in the opinion of the directors, principally affected the results for the year or form a substantial portion of the net assets of the Group. To give details of other subsidiaries would, in the opinion of the directors, result in particulars of excessive length. Li & Fung 60 Annual Report 1999

8 Issued and equity indirectly Place of fully paid held by the incorporation share capital Company Principal activities Principal associated companies Blue Work Trading Hong Kong Ordinay 50 Export trading Company HK$4,000,000 # EC Basic S.r.l. Italy Units 50 Export trading Lire20,000,000 # Eagleville Fireworks, U.S.A. Capital contribution 25 Retailing L.P. US$171,466 # Fireworks U.S.A. Common stock 25 Investment holding Management, Inc US$60,000 # Gulf Coast Fireworks U.S.A. Capital contribution 25 Fireworks Sales LLC US$665,126 distribution # Harrisonville U.S.A. Capital contribution 25 Retailing Fireworks, L.P. US$170,382 LF Basic Hong Kong Ordinary 50 Export trading HK$1,560,000 LF Capital British Virgin Ordinary 50 Investment holding Islands US$2 # Lone Jack U.S.A. Capital contribution 25 Retailing Fireworks LLC US$44,564 # MBC Enterprises, U.S.A. Common stock 25 Retailing Inc. US$2,000 # Winco Fireworks U.S.A. Capital contribution 25 Wholesaling International LLC US$1,475,100 # Winco Fireworks U.S.A. Capital contribution 25 Fireworks Utah LLC US$290,938 distribution # Zenith Specialties, U.S.A. Capital contribution 25 Fireworks L.P. US$264,283 manufacturing # The associated companies are not audited by PricewaterhouseCoopers, Hong Kong. The above table lists out the principal associated companies of the Company as at 31 December 1999 which, in the opinion of the directors, principally affected the results for the year or form a substantial portion of the net assets of the Group. To give details of other associated companies would, in the opinion of the directors, result in particulars of excessive length. Li & Fung 61 Annual Report 1999