Strength & Stability - ECS Holdings Limited

More documents

Recommendations

Info

Share Options (Cont’d) The details of options granted and exercised are as follows:- Name of Participants Options Granted Aggregate Options Granted Aggregate Options Exercised Aggregate Options Forfeited/ Lapsed Aggregate Options Outstanding [1] [2] [3] [4] [5] Executive directors - Tay Eng Hoe - 4,976,000 (2,226,000) (2,750,000) - - Narong Intanate - 9,506,000 (8,906,000) (600,000) - - Foo Sen Chin - 3,860,000 (3,340,000) (520,000) - Non-executive directors - Leong Horn Kee - 278,000 - (278,000) - - Koh Soo Keong (appointed on 11 February 2008) - 120,000 - (120,000) - Former directors - Wong Heng Chong - 1,713,000 (1,113,000) (600,000) - - Lin Chien - 128,000 - (128,000) - - Chay Yee Meng - 188,000 - (188,000) - - Teo Ek Tor - 130,000 - (130,000) - - Wang Fangmin - 50,000 - (50,000) - - Hsieh Fu Hua - 88,000 - (88,000) - - Lee Suet Fern - 258,000 - (258,000) - Employees (including executive officers) - Foong Kam Tho - 8,629,000 (6,679,000) (1,950,000) - - Other employees - 23,292,000 - (23,292,000) - - 53,216,000 (22,264,000) (30,952,000) - [1] Options granted during the financial year under review. [2] Aggregate options granted since commencement of the schemes to the end of the financial year under review. [3] Aggregate options exercised since commencement of the schemes to the end of the financial year under review. [4] Aggregate options lapsed since commencement of the schemes to the end of the financial year under review. [5] Aggregate options outstanding as at end of the financial year under review. p. 40 Directors’ Report ECS Holdings Limited
Share Options (Cont’d) Except as disclosed, since the commencement of the option schemes:- (i) (ii) (iii) no option has been granted to the controlling shareholders of the Company or their associates; no participant under the schemes has been granted 5% or more of the total options available under the schemes; and no option has been granted to employees of subsidiaries under the schemes. The options granted by the Company do not entitle the holders of the options, by virtue of such holdings, to any right to participate in any share issue of any other company. Except as disclosed above, there were:- (i) (ii) (iii) no options granted by the Company or its subsidiaries to any person to take up unissued shares in the Company or its subsidiaries; no shares issued by virtue of any exercise of option to take up unissued shares of the Company or its subsidiaries; and no unissued shares of the Company or its subsidiaries under option at the end of the financial year. ECS Performance Share Scheme The ECS Performance Share Scheme (the “Scheme”) was approved at the Company’s Extraordinary General Meeting held on 1 December 2006. The Scheme is administered by the Compensation Committee which comprises the Non-Executive Directors Messrs Koh Soo Keong, Leong Horn Kee and Tan Hup Foi. Group Executives who have attained the age of 21 years on or before the date of grant of the Award (as defined below), Group Executive Directors and Non-Executive Directors are eligible to participate in the Scheme (“Participants”). The Scheme is to reward Participants by award of existing Shares held as treasury shares in the Company (“Awards”), which are given free of charge to the Participants according to the extent to which their performance targets set under the Scheme are achieved at the end of a specified performance period. Since the commencement of the Scheme, no Awards have been granted. Audit Committee The members of the Audit Committee during the year and at the date of this report are:- Leong Horn Kee Tan Hup Foi Koh Soo Keong (Chairman, Independent director) (Independent director) (Independent director) The Audit Committee performs the functions specified by section 201B of the Companies Act, the SGX Listing Manual and the Code of Corporate Governance. Directors’ Report Annual Report 2008 p. 41
Page 1 and 2: ECS HOLDINGS LIMITED Annual Report
Page 3 and 4: ECS Holdings Limited (“ECS” or
Page 5 and 6: Annual Report 2008 p. 03
Page 7 and 8: Dear Stakeholders I am pleased to p
Page 13 and 14: AN OVERVIEW FY2008 distinguishes it
Page 15 and 16: We believe that by honing these ope
Page 17 and 18: Stroll down memory lane and re-live
Page 19 and 20: SHAREHOLDERS’ EQUITY ($ million)
Page 23 and 24: 1. CHAIRMAN Mr Li Jia Lin was appoi
Page 25 and 26: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Page 27 and 28: 7. President (The Value Systems Co.
Page 29 and 30: 2008 AWARDS Group • ECS Holdings
Page 31 and 32: Financial Contents Corporate Govern
Page 33 and 34: The Board intends to hold about fou
Page 35 and 36: Level and Mix of Remuneration; Disc
Page 37 and 38: Audit Committee Principle 11 : The
Page 39 and 40: D) COMMUNICATION WITH SHAREHOLDERS
Page 41: Directors’ Interests (Cont’d) E
Page 45 and 46: In our opinion: (a) (b) the financi
Page 47 and 48: Opinion In our opinion: (a) (b) the
Page 49 and 50: Note 2008 2007 $’000 $’000 Reve
Page 51 and 52: Total attributable to equity Share
Page 53 and 54: Note 2008 2007 $’000 $’000 Fina
Page 55 and 56: 2 Summary of Significant Accounting
Page 65 and 66: 3 Property, Plant and Equipment Fre
Page 67 and 68: 3 Property, Plant and Equipment (Co
Page 69 and 70: 5 Subsidiaries Company Note 2008 20
Page 71 and 72: 6 Interest in Associate Group 2008
Page 73 and 74: 10 Trade and Other Receivables Grou
Page 75 and 76: 11 Trade Receivables (Cont’d) The
Page 77 and 78: 15 Share Capital Group and Company
Page 79 and 80: 17 Equity Compensation Benefits The
Page 81 and 82: 18 Financial Liabilities (Cont’d)
Page 83 and 84: 18 Financial Liabilities (Cont’d)
Page 85 and 86: 23 Profit from Operations The follo
Page 87 and 88: 26 Earnings per Share Group 2008 20
Page 89 and 90: 27 Segment Information (Cont’d) R
Page 91 and 92: 28 Geographical Segments (Group) Th
Page 93 and 94:
29 Financial Risk Management (Cont
Page 95 and 96:
29 Financial Risk Management (Cont
Page 97 and 98:
32 Related Parties Transactions wit
Page 99 and 100:
34 New Accounting Standards and Int
Page 101 and 102:
SUBSTANTIAL SHAREHOLDERS Number of
Page 103 and 104:
at any time and upon such terms and
Page 105 and 106:
(a) (b) market purchases (each a
Page 107 and 108:
(ii) Resolution 6(b), if passed, wi
Page 109 and 110:
Proxy Form Annual General Meeting E
show all

Strength & Stability - ECS Holdings Limited

Create successful ePaper yourself

Delete template?

Save as template?