Strength & Stability - ECS Holdings Limited

We are pleased to submit this annual report to the members of the Company together with the audited financial statements for the financial
year ended 31 December 2008.
Directors
The directors in office at the date of this report are as follows:-
Li Jia Lin
(Chairman)
Liu Wei
(Vice-Chairman)
Tay Eng Hoe
(Group Chief Executive Officer)
Narong Intanate
Foo Sen Chin
Leong Horn Kee
Tan Hup Foi
Koh Soo Keong (Appointed on 11 February 2008)
Directors’ Interests
According to the register kept by the Company for the purposes of Section 164 of the Companies Act, Chapter 50 (the Act), no director
who held office at the end of the financial year had interests in shares, debentures, warrants or share options of the Company or of related
corporations, either at the beginning of the financial year, or date of appointment if later, or at the end of the financial year.
Neither at the end of nor at any time during the financial year was the Company a party to any arrangement whose objects are, or one of
whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the
Company or any other body corporate.
Since the end of the last 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.
There were no changes in any of the above mentioned interests in the Company between the end of the financial year and 21 January
2009.
Except as disclosed under the “Share Options” section of this report, neither at the end of, nor at any time during the financial year, was
the Company a party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company to acquire
benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate.
During the financial year, the Company and certain of its subsidiaries have, in the normal course of business entered into transactions with
companies in which Mr Narong Intanate and Mr Liu Wei have an interest. These transactions include the purchase and sale of information
technology products and services of $15,231,472 (2007: $2,115,875) and $13,836,284 (2007: $10,840,896) respectively and are carried
out on normal commercial terms.
However, the directors have not received nor will they be entitled to receive any benefits arising out of these transactions other than those
which they may be entitled to as shareholders of those companies or as a member of the firm.
p.
38
Directors’
Report
ECS Holdings Limited