DIRECTORS of clothing firm Giordano Holdings awarded themselves pay-packets in size 'extra large' last year. Their salary and benefits rose 44.6 per cent to $18.4 million. In addition, chairman Peter Lau Kwok-kuen cashed in share options on the last day of 1994 to make an additional profit of $6.4 million. Separate documents prepared as part of the company's proposal to change its domicile to Bermuda reveal that directors' salaries in 1995 are expected to rise another 26.6 per cent to $23.3 million. The figures are disclosed in the company's annual report released yesterday. The review of the year makes no mention of a row with mainland authorities in August, which led to former chairman and major shareholder Jimmy Lai Chee-ying resigning and the closure of a Giordano store in Beijing. In his chairman's statement, Mr Lau says: 'We remain confident in the long-term prospects of China's consumer market, brought about by its government's responsible economic reform programme. 'Giordano is determined to be a significant player in this exciting economy.' This contrasts with the article written by Mr Lai that reportedly led to the company's crisis on the mainland, in which Mr Lai referred to a senior Chinese leader as a 'shame of the Communist party' and a wong baat daan , a traditional and serious insult. The group has also disclosed that it is to seek a sponsored American Depositary Receipt programme in the United States for the shares in its new Bermuda-registered holding company, which will be known as Giordano International. The firm showed a 41.9 per cent profit increase, a 22.7 per cent increase in turnover and a 10 per cent increase in shops. The number of directors in 1994 was eight, against seven in 1993. The group has also spent more than $2 million in the past year on debentures in private clubs. The highest-paid director, who is not named, received more than $7.5 million, including pension contributions.