Strength & Stability - ECS Holdings Limited

Directors’ Interests (Cont’d)
Except as disclosed above and in note 32 to the financial statements, 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.
Share Options
(a)
Share Option Scheme
The ECS Share Option Scheme II (“Scheme II”) was approved and adopted by its members at an Extraordinary General Meeting
held on 13 December 2000. Scheme II provides an opportunity for employees and directors, including non-executive directors,
of the Group who have contributed significantly to the growth and performance of the Group to participate in the equity of the
Company.
The above scheme is administered by the Compensation Committee (the “Committee”) which comprises the following directors:-
Koh Soo Keong (Chairman)
Leong Horn Kee
Tan Hup Foi
Details of Scheme II were set out in the Directors’ Report for the year ended 31 December 2000.
(b)
Options Granted
During the financial year, no option was granted under Scheme II.
(c)
Issue of Shares Under Option
In 2007, the Company issued a total of 1,761,000 ordinary shares of $0.10 each fully paid at par for cash upon the exercise of options
granted under Scheme II.
(d)
Unissued Shares under Option
At the end of the financial year, there are no unissued shares under the share option schemes of the Company.
Directors’
Report
Annual Report 2008
p.
39