Page 77 - ar2013.pdf

DIRECTORS’ REPORT
For the Ànancial year ended 31 December 2013
75
Annual Report 2013
F i nanc i a l Statement s
Directors’ interests in shares or debentures (continued)
(a) (continued)
Number of unissued ordinary
shares under options held
by director
At
31.12.2013
At
1.1.2013
or date of
appointment,
if later
Related corporations
China COSCO Holdings Company Limited
- Share Appreciation Rights
Li Man 200,000 200,000
Wang Hai Min 222,000 222,000
Li Yun Peng 1,630,000 1,630,000
Ma Hong Han 60,000 60,000
(b) According to the register of directors’ shareholdings, certain directors holding office at the end of the financial year
had interests in the options to subscribe for ordinary shares of the Company granted pursuant to the COSCO Group
Employees’ Share Option Scheme 2002 as set out below and under “Share options” on pages 76 and 77 of this
report.
Number of unissued ordinary
shares under option
held by director
At
31.12.2013
At
1.1.2013
or date of
appointment,
if later
2008 Options
Tom Yee Lat Shing – 300,000
Wang Kai Yuen – 300,000
Er Kwong Wah – 300,000
(c) The directors’ interests in the ordinary shares and share options of the Company as at 21 January 2014 were the
same as those as at 31 December 2013.
Directors’ contractual benefits
Since the end of the previous financial year, no director has received or become entitled to receive a benefit by reason of
a contract made by the Company or a related corporation with the director or with a firm of which he is a member or with
a company in which he has a substantial financial interest, except as disclosed in the accompanying financial statements
and in this report, and except that certain directors have employment relationships with the ultimate holding corporation or
related corporations, and have received remuneration in those capacities.