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COSCO Corporation (Singapore) Limited
Annual Report 2015
DIRECTORS’
STATEMENT
Financial Statements
For the financial year ended 31 December 2015
Directors’ interests in shares or debentures
(a)
According to the register of directors’ shareholdings, none of the directors holding office at the
end of the financial year had any interest in the shares or debentures of the Company or its related
corporations, except as follows:
Holdings registered in
name of director or nominee
Holdings in which director is
deemed to have an interest
At
31.12.2015
At
1.1.2015
At
31.12.2015
At
1.1.2015
The Company
(No. of ordinary shares)
Tom Yee Lat Shing
1,400,000
1,400,000
–
–
Wang Kai Yuen
900,000
900,000
100,000
100,000
Er Kwong Wah
650,000
650,000
–
–
Ang Swee Tian
130,000
130,000
5,000
5,000
Number of unissued ordinary
shares under option
At
31.12.2015
At
1.1.2015
Related corporation
China COSCO Holdings Company Limited
- Share Appreciation Rights
Li Yun Peng (resigned as director of the Company on
19 January 2016)
1,630,000
1,630,000
Li Man
200,000
200,000
Ma Hong Han
60,000
60,000
(b)
According to the register of directors’ shareholdings, none of the directors holding office at the end
of the financial year had interests in options to subscribe for ordinary shares of the Company granted
pursuant to the COSCO Group Employees’ Share Option Scheme 2002 under “Share options” of this
statement.
(c)
The directors’ interests in the ordinary shares and share options of the Company as at 21 January 2016
were the same as those as at 31 December 2015.
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 statement, and except that certain directors have employment
relationships with the ultimate holding corporation or related corporations, and have received remuneration in
those capacities.
