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Annual Report 2014
DIRECTORS’ REPORT
For the financial year ended 31 December 2014
Financial Statements
Audit Committee
The members of the Audit Committee at the end of the financial year were as follows:
Tom Yee Lat Shing (Chairman)
Non-Executive Lead Independent
Wang Kai Yuen
Non-Executive Independent
Er Kwong Wah
Non-Executive Independent
Ang Swee Tian
Non-Executive Independent
All members of the Audit Committee were non-executive directors.
The Audit Committee carried out its functions in accordance with Section 201B(5) of the Singapore Companies
Act. In performing those functions, the Committee reviewed:
the scope and the results of internal audit procedures with the internal auditor;
the audit plan of the Company’s independent auditor and any recommendations on internal accounting
controls arising from the statutory audit;
the assistance given by the Company’s management to the independent auditor; and
the balance sheet of the Company and the consolidated financial statements of the Group for the
financial year ended 31 December 2014 before their submission to the Board of Directors, as well as
the Independent Auditor’s Report on the balance sheet of the Company and the consolidated financial
statements of the Group.
The Audit Committee has recommended to the Board that the independent auditor, PricewaterhouseCoopers LLP,
be nominated for re-appointment at the forthcoming Annual General Meeting of the Company.
Independent auditor
The independent auditor, PricewaterhouseCoopers LLP, has expressed its willingness to accept re-appointment.
On behalf of the directors
WU ZI HENG
Director
TOM YEE LAT SHING
Director
2 March 2015
