Annual Report 2020

REPORT OF THE DIRECTORS 董事會報告書 107 2020 ANNUAL REPORT 年報 購買、出售或贖回上市證券 （續） 直至本年報日期，所有在二零二零年購回股份 經已註銷。 上述回購的目的為增加每股綜合資產淨值及╱ 或每股盈利。 除上文披露外，於本年度內本公司或其任何附 屬公司並無購買、出售或贖回本公司的任何上 市證券。 獲准許彌償條文 於年內，本公司已就本集團之董事及行政人員 因實施或涉嫌過失行為（但不包括任何刑事、 不誠實或欺詐行為或疏忽）而面對的法律行 動，安排適當的董事及行政人員責任保險。 章程細則規定，每名董事、秘書或本公司其他 行政人員或核數師就作為董事、秘書或本公司 其他行政人員或核數師於任何民事或刑事法律 程序中關於與其作為董事、秘書或本公司其他 行政人員或核數師作出或遺漏作出之行為，而 彼在判決中就有關作出或遺漏作出之行為之責 任或就本公司代名人收購股份而應付款項之責 任獲勝訴、獲裁定無罪或獲法院免除法律責任 時所產生之任何責任、損失或開支，可從本公 司資產中獲得彌償。 基於董事利益的獲准許彌償條文根據公司條例 第 470 條的規定於董事編製之董事會報告書根 據公司條例第 391(1)(a) 條獲通過時生效。 PURCHASE, SALE OR REDEMPTION OF LISTED SECURITIES (continued) All Shares repurchased in 2020 were cancelled up to the date of this annual report. The above repurchases were made for the purpose of achieving an increase in the consolidated net asset value and/or earnings per Share. Saved as disclosed above, neither the Company nor any of its subsidiaries has purchased, sold or redeemed any listed securities of the Company during the year. PERMITTED INDEMNITY PROVISION The Company has arranged appropriate Directors’ and officers’ liability insurance coverage in respect of legal actions brought for committed or alleged wrongful acts against the Directors and officers of the Group throughout the year, but exclude any criminal, dishonest or fraudulent acts or omission. The Articles provide that every Director, secretary or other officer or auditor of the Company shall be indemnified out of the assets of the Company against any liability, loss or expenditure incurred by him in defending any proceedings, whether civil or criminal, which relate to anything done or omitted to be done by him as Director, secretary, officer or auditor of the Company and in which judgment is given in his favour or in which he is acquitted, or incurred in connection with any application in which relief is granted to him by the court from liability in respect of any such act or omission or from liability to pay any amount in respect of shares acquired by a nominee of the Company. The permitted indemnity provision is in force for the benefit of the Directors as required by Section 470 of the Companies Ordinance when the report of the directors prepared by the Directors is approved in accordance with Section 391(1)(a) of the Companies Ordinance.