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Corporate Information
BOARD OF DIRECTORS Executive
Victor LO Chung Wing, Chairman & Chief Executive
Andrew NG Sung On, Vice Chairman
Kevin LO Chung Ping
Paul LO Chung Wai
LEUNG Pak Chuen
Richard KU Yuk Hing
Andrew CHUANG Siu Leung
CHAU Kwok Wai
Non-Executive
Raymond WONG Wai Kan
Vincent CHEUNG Ting Kau
LUI Ming Wah
Frank CHAN Chi Chung
CHAN Kei Biu
Independent Non-Executive Director
AUDIT COMMITTEE LUI Ming Wah, Chairman
Vincent CHEUNG Ting Kau
Frank CHAN Chi Chung
CHAN Kei Biu
REMUNERATION COMMITTEE Frank CHAN Chi Chung, Chairman
LUI Ming Wah
CHAN Kei Biu
Victor LO Chung Wing
CHAU Kwok Wai
AUDITORS Deloitte Touche Tohmatsu
SECRETARY AND REGISTERED OFFICE WONG Man Kit
Gold Peak Building, 8th Floor, 30 Kwai Wing Road
Kwai Chung, New Territories, Hong Kong
Tel: (852) 2427 1133
Fax: (852) 2489 1879
E-mail: gp@goldpeak.com
Website: www.goldpeak.com
SHARE REGISTRARS AND Tricor Abacus Limited
TRANSFER OFFICE 26/F, Tesbury Centre
28 Queen’s Road East, Hong Kong
ADR DEPOSITARY The Bank of New York
101 Barclay Street, 22nd Floor
New York, NY10286, USA
STOCK CODES Hong Kong Stock Exchange 40
ADR GPINY US

Bloomberg 40 HK
Reuters 0040 HK
KEY DATES

Closure of Register: 27 November 2007 to 30 November 2007
Interim Dividend: Payable on 19 December 2007

Interim Report 2007/08 1
Group Structure

Gold Peak Industries (Holdings) Limited
(Hong Kong-listed)
Technology &
Strategic Division
GP Industries Limited
(Singapore-listed)
69.3%
Electronics
Division
Electronics &
components
Cables & wire harness
Acoustics
LED superscreens
(Lighthouse 19.3%)
Light fittings &
other investments
GP Batteries
International Ltd
Rechargeable
batteries
Primary batteries
(Singapore-listed)
49.2%
Lighthouse
Technologies Ltd
(29.8%)
LED superscreens
International
Resolute Co Ltd
#

(100%)
Distribution Business
Percentage stated denotes respective shareholding held by
Gold Peak or GP Industries as at 7 November 2007
#
Holding an industrial building for own use
Group Profile
Gold Peak Group is an Asian multinational group which owns high-quality industrial
investments via GP Industries Limited, its major industrial investment vehicle. Its Technology
and Strategic Division is engaged in the development of new product technologies and
strategic investments. In the industrial sector, the Group has built renowned brand names
for its major product categories, such as GP Batteries, KEF loudspeakers and Lighthouse
LED superscreens.
The parent company, Gold Peak Industries (Holdings) Limited, was established in 1964
and has been listed on the Stock Exchange of Hong Kong since 1984. Currently, Gold
Peak holds an approximately 69.3% interest in GP Industries while GP Industries holds a
49.2% interest in GP Batteries International Limited. GP Industries and GP Batteries are
publicly listed in Singapore.
GP Industries is engaged in the development, manufacture and distribution of electronics
and components, cables and wire harness, loudspeakers and light fittings. It also has
investments in other businesses. GP Batteries is engaged in the development, manufacture
and marketing of batteries and battery-related products.
Lighthouse Technologies Limited, 29.8% held by Technology & Strategic Division and
19.3%-owned by GP Industries, is a leading supplier of indoor and outdoor video displays
using the latest high brightness LED (light emitting diode) technology.
As at 7 November 2007

2 Gold Peak Industries (Holdings) Limited
The Board of Directors of Gold Peak Industries (Holdings) Limited (the “Company”) is
pleased to announce the unaudited consolidated results of the Company and its subsidiaries
(the “Group”) for the six months ended 30 September 2007.
Highlights
• Consolidated turnover decreased by 31% to HK$692 million
• Turnover for all divisions increased by 11% to HK$3,614 million
• Profit attributable to shareholders increased by 6% to HK$50.3 million
• Earnings per share increased from 8.6 Hong Kong cents to 9.2 Hong Kong cents
• Interim dividend per share: 3.0 Hong Kong cents (2006/07: 3.0 Hong Kong cents)
Business Review
The consolidated turnover decreased by 31% from HK$1,002 million to HK$692 million,
mainly due to the disposal of the wire harness business. Profit attributable to shareholders
increased by 6% from HK$47.3 million to HK$50.3 million.
GP Industries – 69.3% owned by Gold Peak
1. Electronics Division
• Electronics and components – Sales remained steady during the first half of the
year. Affected by the appreciating Renminbi and generally higher costs in China,
profit contribution from the electronics business decreased while that from the
components business improved due to increased demand.
• Acoustics – Sales to Europe remained steady while sales to the US softened.
Sales to the Asian market increased significantly although from a relatively low
level. Sales of the now 20%-owned Meiloon Industrial Co Ltd grew rapidly from
the introduction of new video projector products and started contributing to GP
Industries Group’s earnings.
• CIH Limited (“CIHL”) – The CIHL division returned to profit due mainly to the
better performance of the light fittings business, lower expenses following the
privatization of CIHL, higher contribution from its associates and exchange gain
from the stronger Australian dollar and Renminbi.
• Cables and wire harness – Contribution from the 47.2%-owned cable associate
Linkz Industries Ltd decreased due to the disposal of its electronic cable business
unit in the previous financial year. The remaining LAN and interconnect products
business units continued to report satisfactory revenue growth. Contributions from
the wire harness business, which mainly comprises the now 20%-owned associate,
decreased due to lower effective interest in the business.

Interim Report 2007/08 3
2. GP Batteries – 49.2% owned by GP Industries
• Turnover increased mainly due to the gain in market share of Nickel Metal Hydride
(NiMH) rechargeable batteries as GP Batteries continued to capitalize on market
consolidation. Sales of primary cylindrical batteries also recorded strong growth.
• GP Batteries has entered into commodity contracts to manage fluctuating raw
material prices. Due to lower commodity prices in the second quarter, an unrealized
loss of S$21.3 million from commodity contracts which were outstanding as at
30 September 2007 was taken up in the profit and loss account for the second
quarter in accordance with FRS39. This resulted in a net loss in the second
quarter despite an improvement in operating profit.
• In view of the high Nickel price, Vectrix Corporation, GP Batteries’ customer for
NiMH electric motorcycles batteries, has decided not to proceed with the planned
joint venture factory. GP Batteries has entered into a Master Supply Agreement
to supply batteries to Vectrix. It will continue to collaborate with Vectrix on the
development and supply of other new advanced electric storage products.
Technology & Strategy Division
Lighthouse Technologies Limited, 29.8%-owned by Gold Peak and 19.3%-owned by GP
Industries, saw a 3% growth in revenue while profit attributable to the Group increased
tremendously mainly due to the successful vertical integration of manufacturing LED
display screens. It achieved good progress in the installation market while maintaining
steady growth in supplying the screen rental business.

4 Gold Peak Industries (Holdings) Limited
Financial Review
During the period, the Group’s net bank borrowings increased by HK$78 million to HK$2,202
million. As at 30 September 2007, the aggregate of the Group’s shareholders’ funds and
minority interests was HK$2,076 million and the Group’s gearing ratio (the ratio of
consolidated net bank borrowings to shareholders’ fund and minority interests) was 1.06
(31 March 2007: 0.96). The gearing ratios of the Company, GP Industries and GP Batteries
were 0.81 (31 March 2007: 0.76), 0.56 (31 March 2007: 0.51) and 0.87 (31 March 2007:
0.71) respectively.
At 30 September 2007, 42% (31 March 2007: 55%) of the Group’s bank borrowings was
revolving or repayable within one year whereas 58% (31 March 2007: 45%) was mostly
repayable between one to five years. Most of these bank borrowings are on floating
interest rates. About 50%, 38% and 9% of the Group’s bank borrowings are in Hong Kong
dollars, Singapore dollars and US dollars respectively.
The Group’s exposure to foreign currency arises mainly from the net cash flow and the
translation of net monetary assets or liabilities of its overseas subsidiaries. The Group
and its major associates continued to manage foreign exchange risks prudently. Forward
contracts, borrowings in local currencies and local sourcing have been arranged to minimise
the impact of currency fluctuation. During the period, GP Batteries entered into forward
commodity contracts to hedge against volatile raw material prices.
Employees and Remuneration Policies
As at 30 September 2007, the Group’s major business divisions employed over 16,000
people worldwide (31 March 2007: 14,600). Remuneration policies are reviewed regularly
to ensure that compensation and benefit packages are in line with the market in the
respective countries where the Group has operations. In addition to basic salary,
discretionary bonuses are also granted to eligible employees based on the Group’s and
individual’s performance.
Prospects
Volatile material prices will continue to affect some of the Group’s businesses, and the
strong Renminbi will continue to add to the Group’s operating costs in China.
As a substantial portion of GP Industries’ revenue is denominated in US dollars, a weaker
US dollar will also affect its revenue and profit. It will continue to invest in product
development, sales and distribution, and implement vigorous cost control measures to
enhance its overall competitiveness.
The business outlook of GP Batteries is expected to improve with increase in sales
volume. However, its overall profit outlook continues to be volatile as a result of fluctuating
raw material prices. It will introduce new battery products in the coming months, and the
Taiwan factory will be re-equipped to produce some of these products. It will also continue
to capitalize on market consolidation to gain further market share and focus its marketing
efforts in developing countries.

Interim Report 2007/08 5
Unaudited Condensed Consolidated Income Statement
For the six months
ended 30 September
2007 2006

(Unaudited) (Unaudited)
Notes HK$’000 HK$’000
Tur nover 3 692,363 1,001,912
Cost of sales (507,931) (784,963)
Gross profit 184,432 216,949
Other income 90,441 89,953
Selling and distribution expenses (88,842) (95,915)
Administrative expenses (131,338) (145,542)
Other expenses 4 (37,137) –
Net investment gain (loss) 5 85,512 (9,298)
Finance costs (66,681) (74,602)
Share of results of associates 57,090 63,973
Loss on disposal/deemed partial disposal
of subsidiaries (130) (6,978)
Gain on disposal/partial disposal/deemed
partial disposal of associates 700 36,994
Profit before taxation 6 94,047 75,534
Taxation 7 (13,683) (12,785)
Profit after taxation 80,364 62,749
Attributable to:
Equity shareholders of the Company 50,281 47,277
Minority interests 30,083 15,472
80,364 62,749

Interim dividend 16,479 16,479
Earnings per share 8
Basic 9.2 cents 8.6 cents
Diluted 9.1 cents 8.5 cents

6 Gold Peak Industries (Holdings) Limited
Unaudited Condensed Consolidated Balance Sheet
30 September 31 March
2007 2007

(Unaudited) (Audited)
Notes HK$’000 HK$’000
Non-current assets
Investment properties 111,990 131,990
Property, plant and equipment 9 273,502 272,792
Prepaid lease payments 36,631 37,107
Interests in associates 1,822,669 1,726,423
Unlisted equity investment 237,969 218,694
Available-for-sale investments 120,339 379,323
Trademarks 41,828 43,919
Long term receivables 333,843 330,153
Deferred expenditure 9,595 35,004
Goodwill 53,217 53,669
Deferred taxation assets 5,979 12,391
3,047,562 3,241,465

Current assets
Inventories 366,326 253,246
Available-for-sale investments – 192,091
Debtors, bills receivable and prepayments 10 1,495,313 1,139,892
Prepaid lease payments 951 951
Dividends receivable 2,721 7,795
Taxation recoverable 447 402
Bank balances, deposits and cash 396,185 488,456
2,261,943 2,082,833

Current liabilities
Creditors and accrued charges 11 546,137 447,311
Obligations under finance leases 452 1,675
Taxation payable 36,658 30,526
Bank loans, overdrafts and import loans 1,099,170 1,437,211
Derivative financial instruments 36,807 5,471
1,719,224 1,922,194

Net current assets 542,719 160,639
Total assets less current liabilities 3,590,281 3,402,104
Non-current liabilities
Borrowings 1,498,421 1,173,274
Deferred taxation liabilities 16,245 16,188
1,514,666 1,189,462

Net assets 2,075,615 2,212,642
Capital and reserves
Share capital 274,643 274,643
Reserves 1,061,620 1,152,217
Equity attributable to shareholders
of the Company 1,336,263 1,426,860
Share option reserve of a listed subsidiary 8,539 4,654
Minority interests 730,813 781,128
Total equity 2,075,615 2,212,642

Interim Report 2007/08 7
Unaudited Condensed Consolidated Cash Flow Statement
For the six months
ended 30 September
2007 2006

(Unaudited) (Unaudited)
HK$’000 HK$’000
Net cash used in operating activities (76,967) (87,928)
Net cash from (used in) investing activities 121,123 (60,018)
Net cash (used in) from financing activities (137,558) 228,741
(Decrease) increase in cash and cash equivalents (93,402) 80,795
Cash and cash equivalents at beginning of the period 475,568 787,244
Effect of foreign exchange rate changes (107) 15,582
Cash and cash equivalents at the end of the period 382,059 883,621

8 Gold Peak Industries (Holdings) Limited
Unaudited Condensed Consolidated Statement of Changes in Equity
For the six months ended 30 September 2007
Properties
Share Share Legal Revaluation Translation Capital
Capital Premium Reserve Reserve Reserve Reserve
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
At 1 April 2007 274,643 463,935 14,865 98,189 (140,491) 1,093
Transfer to retained profits
upon disposal of properties – – – (11,242) – –
Deemed partial disposal of
a subsidiary – – – – – –
Disposal/deemed disposal/
deemed partial disposal of
associates – – – – (118) (811)
Adjustments arising from
transfer of an available-for-sales
investment to interests
in associates – – – – (7,431) 1,084
Share of reserves
of associates – – – – 5,858 817
Net profit for the period – – – – – –
Release on disposal of
an available-for-sale
investment – – – – – –
Dividend paid
– 2007 final dividend – – – – – –
Dividend declared
– 2008 interim dividend – – – – – –
Dividend paid to minority
interests – – – – – –
Currency realignment – – – – 28,078 –
At 30 September 2007 274,643 463,935 14,865 86,947 (114,104) 2,183

Interim Report 2007/08 9
Attributable
Available- to Equity Share Option
Capital for-sale Shareholders Reserve
Redemption Investments Dividend Retained of the of Listed Minority
Reserve Reserve Reserve Profits Company Subsidiary Interests Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
35,358 8,590 16,479 654,199 1,426,860 4,654 781,128 2,212,642

– – – 11,242 ––––
––––––571571
––––(929) – – (929)
– 80,348 – (113,493) (39,492) 1,527 (16,791) (54,756)
– (38,456) – – (31,781) 2,358 (13,424) (42,847)
– – – 50,281 50,281 – 30,083 80,364
– (71,589) – (8,686) (80,275) – (35,501) (115,776)
– – (16,479) – (16,479) – – (16,479)
– – 16,479 (16,479) ––––
––––––(18,976) (18,976)
––––28,078 – 3,723 31,801
35,358 (21,107) 16,479 577,064 1,336,263 8,539 730,813 2,075,615

10 Gold Peak Industries (Holdings) Limited
Unaudited Condensed Consolidated Statement of Changes in Equity (Continued)
For the six months ended 30 September 2006
Properties
Share Share Legal Revaluation Translation Capital
Capital Premium Reserve Reserve Reserve Reserve
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
At 1 April 2006 274,643 463,935 16,182 98,189 (177,535) 1,127
Transfer of reserves – – (2,814) – – –
Disposal/deemed partial
disposal of subsidiaries – – 168 – – –
Partial disposal of
an associate – – – – 176 (46)
Acquisition of additional
interests of subsidiaries – – – – – –
Share of reserves
of associates – – – – 3,469 6
Net profit for the period – – – – – –
Change in fair value of
available-for-sale
investments – – – – – –
Dividend paid
– 2006 final dividend – – – – – –
Dividend declared
– 2007 interim dividend – – – – – –
Capital contribution by
minority interests – – – – – –
Dividend paid to minority
interests – – – – – –
Currency realignment – – – – 11,663 –
At 30 September 2006 274,643 463,935 13,536 98,189 (162,227) 1,087

Interim Report 2007/08 11
Attributable
Available- to Equity Share Option
Capital for-sale Shareholders Reserve
Redemption Investments Dividend Retained of the of Listed Minority
Reserve Reserve Reserve Profits Company Subsidiary Interests Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
35,358 (118,585) 16,479 570,607 1,180,400 4,654 773,817 1,958,871
– – – 2,814 ––––
––––168–407,004 407,172
––––130–20150
––––––(460,187) (460,187)
– 9,706 – – 13,181 – 1,992 15,173
– – – 47,277 47,277 – 15,472 62,749
– (27,480) – – (27,480) – 2,484 (24,996)
– – (16,479) – (16,479) – – (16,479)
– – 16,479 (16,479) ––––
––––––3,461 3,461
––––––(107,943) (107,943)
––––11,663 – 14,126 25,789
35,358 (136,359) 16,479 604,219 1,208,860 4,654 650,246 1,863,760

12 Gold Peak Industries (Holdings) Limited
Notes to the Unaudited Condensed Interim Financial Statements
1. Basis of preparation
The unaudited condensed interim financial statements have been prepared in accordance with Hong
Kong Accounting Standard (“HKAS”) 34 “Interim Financial Reporting” issued by the Hong Kong Institute of
Certified Public Accountants (the “HKICPA”) and the applicable disclosure requirements of Appendix 16 to
the Rules Governing the Listing of Securities on
2. Principal Accounting Policies
The unaudited condensed financial statements have been prepared under the historical cost convention
except for certain properties and financial instruments, which are measured at fair values or revalued
amounts, as appropriate. The accounting policies adopted in the preparation of the unaudited condensed
financial statements are consistent with those followed in the preparation of the Group’s annual financial
statements for the year ended 31 March 2007.
During this period, the Group has applied, for the first time, a number of new Hong Kong Financial
Reporting Standards (“HKFRSs”), HKASs and interpretations issued by the HKICPA, which are effective
for accounting periods commencing on or after 1 April 2007. The adoption of these new standards had no
material effect on the results or financial position of the Group for the current or prior accounting periods.
Accordingly, no prior period adjustment has been recognised.
The Group has not early applied the following new standards and interpretations that have been issued
but are not yet effective. The directors of the Company anticipate that the application of these standards
and interpretations will have no material impact on the results and the financial position of the Group.
HKAS 23 (Revised) Borrowing Costs
1
HKFRS 8 Operating Segments
1
HK(IFRIC) – INT 12 Service Concession Arrangements
2
HK(IFRIC) – INT 13 Customer Loyalty Programmes
3
HK(IFRIC) – INT 14 HKAS 19 – The Limit on a Defined Benefit Asset, Minimum Funding
Requirements and their interaction
2
1
Effective for annual periods beginning on or after 1 January 2009
2
Effective for annual periods beginning on or after 1 January 2008
3
Effective for annual periods beginning on or after 1 July 2008

Interim Report 2007/08 13
Notes to the Unaudited Condensed Interim Financial Statements
(Continued)
3. Segment information
The analysis of the Group’s segment information is as follows:
(a) Business segments
The following is an analysis of the turnover and profit before taxation by principal activity:
For the six months ended 30 September 2007
Technology
& Strategic Electronics Batteries Elimination Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
Turnover
External sales – 692,363 – – 692,363
Results
Segmental results 4,020 7,278 – – 11,298
Interest income and dividend income
Segment 9,000 39,533 – – 48,533
Corporate 7,349
Unallocated corporate expenses (24,741)
Other corporate income 12,254
Other expenses (37,137)
Net investment gain 85,512
Finance costs
Segment (2) (34,161) – – (34,163)
Corporate (32,518)
Share of results of associates 7,397 63,880 (14,187) – 57,090
Loss on deemed partial disposal of a
subsidiary (130)
Gain on disposal/partial disposal/deemed
partial disposal of associates 700
Profit before taxation 94,047
Taxation (13,683)
Profit after taxation 80,364
Attributable to:
Equity shareholders of the Company 50,281
Minority interests 30,083
80,364

14 Gold Peak Industries (Holdings) Limited
Notes to the Unaudited Condensed Interim Financial Statements
(Continued)
For the six months ended 30 September 2006
Technology
& Strategic Electronics Batteries Elimination Total
HK$’000 HK$’000 HK$’000 HK$’000 HK$’000
Turnover
External sales – 1,001,912 – – 1,001,912
Results
Segmental results 3,590 10,081 – – 13,671
Interest income and dividend income
Segment – 44,214 – – 44,214
Corporate 6,706
Unallocated corporate expenses (23,332)
Other corporate income 24,186
Net investment loss (9,298)
Finance costs
Segment (3) (39,257) – – (39,260)
Corporate (35,342)
Share of results of associates (247) 52,158 12,062 – 63,973
Loss on disposal/deemed disposal of
subsidiaries (6,978)
Gain on partial disposal/deemed partial
disposal of associates 36,994
Profit before taxation 75,534
Taxation (12,785)
Profit after taxation 62,749
Attributable to:
Equity shareholders of the Company 47,277
Minority interests 15,472
62,749

(b) Geographical segments
The following is an analysis of the turnover by geographical market:
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
The People’s Republic of China
Hong Kong 86,738 46,573
Mainland China 63,266 75,236
Other Asian countries 34,862 349,229
Europe 237,452 207,955
North and South America 223,386 291,393
Australia and New Zealand 38,783 26,300
Others 7,876 5,226
692,363 1,001,912

Interim Report 2007/08 15
Notes to the Unaudited Condensed Interim Financial Statements
(Continued)
4. Other expenses
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Allowance for impairment loss on intangible assets 27,137 –
Provision for expenses on liquidation of a subsidiary 10,000 –
37,137 –
5. Net investment gain (loss)
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Realised gain on disposal of an available-for-sale investment 85,512 –
Net unrealised holding loss on an available-for-sale investment – (9,298)
85,512 (9,298)
6. Profit before taxation
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Profit before taxation has been arrived at after charging:
Amortisation of deferred expenditure 1,940 1,940
Amortisation of prepaid lease payments 476 476
Amortisation of trademarks 2,091 2,091
Depreciation of property, plant and equipment
Owned assets 22,903 23,920
Assets held under finance leases 496 495
Loss on disposal of an investment property 1,421 –
7. Taxation
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Hong Kong Profits Tax 82 1,912
Taxation in jurisdictions other than Hong Kong 7,237 6,828
Deferred taxation 6,364 4,045
13,683 12,785

Hong Kong Profits Tax is calculated at 17.5% (2006: 17.5%) of the estimated assessable profit for the
period.
Taxation in jurisdictions other than Hong Kong is calculated at the rates prevailing in the respective
jurisdictions.

16 Gold Peak Industries (Holdings) Limited
Notes to the Unaudited Condensed Interim Financial Statements
(Continued)
8. Earnings per share
The calculation of the basic and diluted earnings per share is computed based on the following data:
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Earnings
Net profit for the period and earnings for the purpose of
basic earnings per share 50,281 47,277
Effect of dilutive potential shares on share of results of
subsidiaries and associates based on the dilution of their
earnings per share (14) (182)
Earnings for the purpose of diluted earnings per share 50,267 47,095
’000 ’000
Number of shares
Weighted average number of shares for the purpose of
basic earnings per share 549,285 549,285
Effect of dilutive potential shares on share options 410 –
Weighted average number of shares for the purpose of
diluted earnings per share 549,695 549,285
9. Property, plant and equipment
During the period, the Group spent approximately HK$15,887,000 (six months ended 30 September 2006:
HK$21,770,000) on property, plant and equipment to expand its business.
10. Debtors, bills receivable and prepayments
The Group allows its trade customers with credit period normally ranging from 30 days to 90 days. The
following is an aging analysis of debtors and bills receivable at the reporting date:
30 September 31 March
2007 2007

HK$’000 HK$’000
Trade receivables
0-60 Days 201,374 179,192
61-90 Days 6,211 8,464
>90 Days 44,547 42,733
252,132 230,389

Other receivables, deposits and prepayments 809,432 522,744
Consideration receivable for the disposal of the Group’s
electrical business in Australia 433,749 386,759
1,495,313 1,139,892

Interim Report 2007/08 17
Notes to the Unaudited Condensed Interim Financial Statements
(Continued)
11. Creditors and accrued charges
The following is an aging analysis of creditors and accrued charges at the reporting date:
30 September 31 March
2007 2007

HK$’000 HK$’000
Trade payables
0-60 Days 189,244 127,533
61-90 Days 38,832 10,390
>90 Days 36,835 33,781
264,911 171,704

Other payables and accrued charges 281,226 275,607
546,137 447,311

12. Contingencies and commitments
(a) Contingent liabilities
30 September 31 March
2007 2007

HK$’000 HK$’000
Guarantees given to banks in respect of banking
facilities utilised by associates 178,372 163,421
(b) Capital commitment
30 September 31 March
2007 2007

HK$’000 HK$’000
Capital expenditure in respect of acquisition of
property, plant and equipment contracted for
but not provided in the financial statements 375 369
13. Related party transactions
During the period, the Group entered into the following transactions with related parties:
For the six months ended
30 September
2007 2006

HK$’000 HK$’000
Sales to associates 12,720 18,702
Purchases from associates 26,522 49,544
Management fee income received from associates 5,391 5,163
Rental income received from associates 4,507 3,897
As at the reporting date, the Group has the following balances with its associates under debtors, bills
receivable and prepayments and creditors and accrued charges:
30 September 31 March
2007 2007

HK$’000 HK$’000
Trade receivables due from associates 2,125 6,503
Other receivables due from associates 101,377 76,733
Trade payables due to associates 8,031 10,925
Other payables due to associates 5,782 8,221

18 Gold Peak Industries (Holdings) Limited
SUMMARY OF RESULTS

For the six months ended 30 September 2007, the Group’s turnover amounted to HK$692
million, a decrease of 31% as compared with HK$1,002 million for the same period last
year. The unaudited consolidated profit attributable to shareholders amounted to HK$50.3
million, an increase of 6% compared to corresponding period in the previous year. The
basic earnings per share for the period amounted to 9.2 cents as compared with 8.6
cents for the same period last year.
INTERIM DIVIDEND

The Directors have declared an interim dividend of 3.0 cents (2006: 3.0 cents) per share.
This amounts to a total dividend payment of approximately HK$16,479,000 (2006:
HK$16,479,000) based on the total number of shares in issue as at 6 November 2007,
being the latest practicable date prior to the announcement of the interim results. Dividend
warrants will be despatched on 19 December 2007 to registered shareholders of the
Company on 30 November 2007.
CLOSURE OF REGISTER

The Register of Shareholders of the Company will be closed from 27 to 30 November
2007, both days inclusive, during which period no transfer will be effected.
In order to qualify for the interim dividend, all transfers accompanied by the relevant
share certificates must be lodged with the Company’s Registrars, Tricor Abacus Limited at
26/F, Tesbury Centre, 28 Queen’s Road East, Hong Kong not later than 4:00 p.m. on
26 November 2007.

Interim Report 2007/08 19
Disclosure of Interest
As at 30 September 2007, the interests and short positions of the directors and the chief
executive of the Company in the shares, underlying shares and debentures of the Company
and any of its associated corporations (within the meaning of Part XV of the Securities
and Futures Ordinance (the “SFO”)) which were required to be notified to the Company
and 65
Andrew NG Sung On 69,771,957 417,000 70,188,957 12.78
Kevin LO Chung Ping 625,000 3,239,066 3,864,066 0.70
Paul LO Chung Wai 22,611,518 – 22,611,518 4.12
LEUNG Pak Chuen 3,202,581 – 3,202,581 0.58
Richard KU Yuk Hing 2,231,780 – 2,231,780 0.41
Andrew CHUANG Siu Leung 474,500 – 474,500 0.09
CHAU Kwok Wai 275,000 – 275,000 0.05
Raymond WONG Wai Kan 1,790,081 – 1,790,081 0.33
Vincent CHEUNG Ting Kau 1,947,549 – 1,947,549 0.35
LUI Ming Wah – – – –
Frank CHAN Chi Chung – – – –
CHAN Kei Biu – – – –

20 Gold Peak Industries (Holdings) Limited
Disclosure of Interest (Continued)
(1) Directors’ and Chief Executive’s Interests in Securities of the Company
and its Associated Corporations (Continued)
(b) Interests in shares of the Company’s associated corporations (long positions)
As at 30 September 2007, the direct and indirect beneficial interests of the directors
and the chief executive in the shares of GP Batteries International Limited (“GPBI”), a
49.2%-owned associate of GP Industries Limited (“GP Ind”), Gold Peak Industries
(Taiwan) Limited (“GPIT”), a 79.6%-owned subsidiary of GPBI, and GP Ind, a
69.3%-owned subsidiary of the Company, were as follows:
Number of ordinary shares and
percentage of their issued share capital held
GPBI GPIT GP Ind
Name of Director Number % Number % Number %
Victor LO Chung Wing 200,000 0.18 – – – –
Andrew NG Sung On 833,332 0.76 500,000 0.25 378,412 0.07
Kevin LO Chung Ping – – – – – –
Paul LO Chung Wai 80,000 0.07 – – – –
LEUNG Pak Chuen – – – – 1,608,000 0.28
Richard KU Yuk Hing 141,000 0.13 200,000 0.10 70,000 0.01
Andrew CHUANG Siu Leung – – – – 45,000 0.01
CHAU Kwok Wai – – – – 481,232 0.08
Raymond WONG Wai Kan 374,000 0.34 100,000 0.05 1,598,827 0.28
Vincent CHEUNG Ting Kau 20,000 0.02 – – – –
LUI Ming Wah – – – – – –
Frank CHAN Chi Chung – – – – – –
CHAN Kei Biu – – – – – –
Save as disclosed above, as at 30 September 2007, none of the directors, the chief
executive or their associates had any interest in the securities of the Company or any
of its associated corporations as defined in SFO.

Interim Report 2007/08 21
Disclosure of Interest (Continued)
(2) Directors’ and Chief Executive’s Rights to Acquire Shares or Debentures
The following tables disclose the movements in the number of share options of the
Company, GP Ind and GPBI, which have been granted to the directors of the Company,
during the six months ended 30 September 2007.
(a) The Company’s share option scheme:
Number of option shares
Exercise Cancelled
Date of Exercisable Price Outstanding during Outstanding
Name of Director Grant Period HK$ at 1.4.2007 the Period at 30.9.2007
Victor LO Chung Wing 2.10.2003 2.10.2003-1.10.2008 1.84 1,600,000 – 1,600,000
Andrew NG Sung On 2.10.2003 2.10.2003-1.10.2008 1.84 1,600,000 – 1,600,000
Kevin LO Chung Ping 18.10.2002 18.4.2003-17.10.2007 1.17 650,000 – 650,000
2.10.2003 2.10.2003-1.10.2008 1.84 1,000,000 – 1,000,000
Paul LO Chung Wai 18.10.2002 18.4.2003-17.10.2007 1.17 650,000 – 650,000
2.10.2003 2.10.2003-1.10.2008 1.84 1,000,000 – 1,000,000
Richard KU Yuk Hing 2.10.2003 2.10.2003-1.10.2008 1.84 500,000 – 500,000
Andrew CHUANG Siu Leung 2.10.2003 2.10.2003-1.10.2008 1.84 500,000 – 500,000
CHAU Kwok Wai 18.10.2002 18.4.2003-17.10.2007 1.17 500,000 – 500,000
2.10.2003 2.10.2003-1.10.2008 1.84 600,000 – 600,000
Raymond WONG Wai Kan 2.10.2003 2.10.2003-1.10.2008 1.84 1,000,000 – 1,000,000
Vincent CHEUNG Ting Kau 18.10.2002 18.4.2003-17.10.2007 1.17 300,000 – 300,000
2.10.2003 2.10.2003-1.10.2008 1.84 400,000 – 400,000
LUI Ming Wah 18.10.2002 18.4.2003-17.10.2007 1.17 250,000 – 250,000
2.10.2003 2.10.2003-1.10.2008 1.84 300,000 – 300,000
10,850,000 – 10,850,000
Employees 18.10.2002 18.4.2003-17.10.2007 1.17 1,070,000 – 1,070,000
2.10.2003 2.10.2003-1.10.2008 1.84 2,620,000 (100,000) 2,520,000
3,690,000 (100,000) 3,590,000
14,540,000 (100,000) 14,440,000

22 Gold Peak Industries (Holdings) Limited
Disclosure of Interest (Continued)
(2) Directors’ and Chief Executive’s Rights to Acquire Shares or Debentures
(Continued)
(b) GP Ind’s share option scheme:
Number of option shares
Exercise Exercised Cancelled
Date of Exercisable Price Outstanding during during Outstanding
Name of Director grant period S$ at 1.4.2007 the period the period at 30.9.2007
Victor LO Chung Wing 14.4.2000 14.4.2002- 0.456 300,000 – – 300,000
13.4.2010

4.4.2001 4.4.2003- 0.620 600,000 – – 600,000
3.4.2011

14.8.2002 14.8.2003- 0.550 384,000 – – 384,000
13.8.2012

15.9.2003 15.9.2004- 0.880 384,000 – – 384,000
14.9.2013

5.7.2004 5.7.2005- 1.030 400,000 – – 400,000
4.7.2014

LEUNG Pak Chuen 15.9.2003 15.9.2004- 0.880 350,000 – – 350,000
14.9.2013

5.7.2004 5.7.2005- 1.030 380,000 – – 380,000
4.7.2014

Andrew CHUANG Siu 14.4.2000 14.4.2002- 0.456 110,000 – – 110,000
Leung 13.4.2010
4.4.2001 4.4.2003- 0.620 200,000 – – 200,000
3.4.2011

14.8.2002 14.8.2003- 0.550 130,000 – – 130,000
13.8.2012

15.9.2003 15.9.2004- 0.880 130,000 – – 130,000
14.9.2013

5.7.2004 5.7.2005- 1.030 150,000 – – 150,000
4.7.2014

CHAU Kwok Wai 5.7.2004 5.7.2005- 1.030 180,000 – – 180,000
4.7.2014

Raymond WONG Wai Kan 15.9.2003 15.9.2004- 0.880 140,000 – – 140,000
14.9.2013

5.7.2004 5.7.2005- 1.030 180,000 – – 180,000
4.7.2014

4,018,000 – – 4,018,000

Interim Report 2007/08 23
Disclosure of Interest (Continued)
(2) Directors’ and Chief Executive’s Rights to Acquire Shares or Debentures
(Continued)
(b) GP Ind’s share option scheme: (Continued)
Number of option shares
Exercise Exercised Cancelled
Date of Exercisable Price Outstanding during during Outstanding
Name of Director grant period S$ at 1.4.2007 the period the period at 30.9.2007
Directors of GP Ind 4.4.2001 4.4.2003- 0.620 64,000 – – 64,000
3.4.2011

14.8.2002 14.8.2003- 0.550 41,000 – – 41,000
13.8.2012

15.9.2003 15.9.2004- 0.880 335,000 – – 335,000
14.9.2013

5.7.2004 5.7.2005- 1.030 385,000 – – 385,000
4.7.2014

Non-executive directors 14.8.2002 14.8.2003- 0.550 154,000 (154,000) – –
of GP Ind 13.8.2007
15.9.2003 15.9.2004- 0.880 240,000 – – 240,000
14.9.2008

5.7.2004 5.7.2005- 1.030 270,000 – – 270,000
4.7.2009

Employees of the Group 14.4.2000 14.4.2002- 0.456 317,000 – – 317,000
13.4.2010

4.4.2001 4.4.2003- 0.620 1,162,000 – (74,000) 1,088,000
3.4.2011

14.8.2002 14.8.2003- 0.550 491,000 – – 491,000
13.8.2012

15.9.2003 15.9.2004- 0.880 2,267,000 – (48,000) 2,219,000
14.9.2013

5.7.2004 5.7.2005- 1.030 2,750,000 – (48,000) 2,702,000
4.7.2014

8,476,000 (154,000) (170,000) 8,152,000
12,494,000 (154,000) (170,000) 12,170,000
Note: The market price of the shares of GP Ind on 8 August 2007, the date of which options were
exercised, was S$0.55 per share.

24 Gold Peak Industries (Holdings) Limited
Disclosure of Interest (Continued)
(2) Directors’ and Chief Executive’s Rights to Acquire Shares or Debentures
(Continued)
(c) GPBI’s share option scheme:
Number of
Option Shares
Exercise Outstanding
Date of Exercisable Price at 1.4.2007
Name of Director Grant Period S$ and 30.9.2007
Andrew NG Sung On 17.3.2000 17.3.2002-16.3.2010 1.410 200,000
11.10.2000 11.10.2002-10.10.2010 1.600 200,000
5.8.2002 5.8.2004-4.8.2012 1.250 190,000
25.6.2003 25.6.2005-24.6.2013 2.500 190,000

Richard KU Yuk Hing 25.6.2003 25.6.2005-24.6.2013 2.500 170,000
Saved as disclosed above, as at 30 September 2007, none of the directors or chief
executive of the Company had any interest or short position in the shares, underlying
shares or debentures of the Company or any of its associated corporations (within the
meaning of Part XV of the SFO) which were required to be notified to the Company and
the Stock Exchange pursuant to Divisions 7 and 8 of Part XV of the SFO (including
interests and short positions which they were taken or deemed to have under such
provisions of the SFO) or which were required, pursuant to section 352 of the SFO, to be
entered in the register referred to therein, or which were required, pursuant to the Model
Code for Securities Transactions by Directors of Listed Companies, to be notified to the
Company and the Stock Exchange.

Interim Report 2007/08 25
Substantial Shareholder
As at 30 September 2007, the following person (not being a director or chief executive of
the Company) had an interest or short position in the shares or underlying shares of the
Company which would fall to be disclosed to the Company under the provisions of Divisions
2 and 3 of Part XV of the SFO, or who was, directly or indirectly, interested in 5% or more
of the nominal value of the issued share capital carrying rights to vote in all circumstances
at general meetings of the Company:
Number of Approximate
ordinary percentage of
Name of shareholder Capacity shares held issued shares
Schneider Electric Industries, S.A. Beneficial owner 54,564,000 9.93%
Saved as disclosed above, as at 30 September 2007, the directors and the chief executive
of the Company are not aware of any person (other than a director or chief executive of
the Company) who had any interest or short position in the shares or underlying shares
of the Company which would fall to be disclosed to the Company under the provisions of
Divisions 2 and 3 of Part XV of the SFO, or who was, directly or indirectly, interested in
5% or more of the nominal value of the issued share capital carrying rights to vote in all
circumstances at general meetings of the Company.
Purchase, Sale or Redemption of the Company’s Listed Securities
Neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the
Company’s listed securities during the period.
Compliance with the Code on Corporate Governance Practices
The Company has complied with the code provisions of the Code on Corporate Governance
Practices as set out in Appendix 14 of Listing Rules throughout the period, except for the
following deviations:
Code Provision A.2.1 stipulates that the roles of chairman and chief executive officer
should be separate and should not be performed by the same individual. Mr. Victor Lo
Chung Wing is the Chairman & Chief Executive of the Company. The Board considers
that this structure will not impair the balance of power and authority between the Board
and the management of the Group as the Group’s principal businesses have been
separately listed and each run by a different board of directors.
Code Provision A.4.1 stipulates that non-executive directors should be appointed for a
specific term, subject to re-election. The Company’s non-executive directors are not
appointed for a specific term but are subject to retirement by rotation and re-election at
the annual general meeting of the Company in accordance with the provisions of the
Company’s article of association. Since their appointment will be reviewed when they are
due for re-election, the Board considers that sufficient measures have been taken to
ensure that the Company’s corporate governance practices are no less exacting than
those set out in the Code.

26 Gold Peak Industries (Holdings) Limited
Compliance with the Model Code for Securities Transactions by
Directors
The Company has adopted the Model Code for Securities Transactions by Directors of
Listed Issuers as set out in Appendix 10 of the Listing Rules as its code of conduct
regarding the directors’ securities transactions. Having made specific enquiring of all
Directors, the Company confirmed that all Directors have complied with the required
standard set out in Appendix 10 of the Listing Rules throughout the period.
Audit Committee
The Company has an audit committee which was established in compliance with Rule 3.21
of the Listing Rules for the purpose of reviewing and providing supervision over the
Group’s financial reporting process and internal controls. The audit committee comprises
three independent non-executive directors and one non-executive director of the Company.
The unaudited interim financial statements for the six months ended 30 September 2007
have been reviewed by the Company’s audit committee.
Board of Directors
As at the date of this report, the Board of Directors of the Company consists of Messrs.
Victor LO Chung Wing (Chairman & Chief Executive), Andrew NG Sung On (Vice
Chairman), Kevin LO Chung Ping, Paul LO Chung Wai, LEUNG Pak Chuen, Richard KU
Yuk Hing, Andrew CHUANG Siu Leung and CHAU Kwok Wai as Executive Directors,
Messrs. Raymond WONG Wai Kan and Vincent CHEUNG Ting Kau as Non-Executive
Directors, and Messrs. LUI Ming Wah, Frank CHAN Chi Chung and CHAN Kei Biu as
Independent Non-Executive Directors.
By Order of the Board
WONG Man Kit
Company Secretary
Hong Kong, 7 November 2007