2001 Annual Report - Kian Joo Can

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D I R E C T O R S ’ R e p o rt ( c o n t ’ d ) EMPLOYEES' SHARE OPTION SCHEME (cont’d) The main features of the Scheme are:- (a) (b) (c) (d) (e) (f) (g) Eligible persons are employees of the Company and its non-listed Malaysian incorporated subsidiary companies which are not dormant (including full-time Executive Directors) in the employment of the Group with at least two year services as at the offer date. Foreign employees of the Group (save for the Executive Directors) are not entitled under the scheme. No employee and Executive Director shall participate at anytime in more than one (1) Employee Share Option Scheme implemented by any company within the Group. The total number of shares to be offered shall not exceed 10% of the enlarged issued and paid-up ordinary share capital of the Company at any point of time during the existence of the Scheme. No option shall be granted for less than 1,000 ordinary shares and not more than 400,000 ordinary shares to any individual eligible employee. The option price shall be at a discount of not more than 10% from weighted average market price of the shares as shown in the daily official list issued by the Kuala Lumpur Stock Exchange for the five trading days preceding the offer date, or at par value of the shares of the Company, whichever is higher. The Scheme shall be in force at the discretion of the Committee appointed by the Board of Directors subject to the maximum period of five years from the date of its approval by the Company in a general meeting or the date of the last approval by relevant authorities, whichever shall be the latest date subject to any extension as may be approved by the aforesaid authorities. The maximum allowable allotment for each eligible employee is based on a predetermined scale of maximum entitlement for each category and grade of employee. The criteria for the basis of allotment would be based on seniority, performance and length of service. A grantee will be allowed to exercise not more than 20% of the options granted to him per year. No option has been granted as at the date of this report. DIRECTORS The names of the Directors of the Company in office since the date of the last report and at the date of this report are:- Y.A.M. Tunku Naquiyuddin Ibni Tuanku Ja'afar Y.A.M. Tunku Dato' Seri Nadzaruddin Ibni Tuanku Ja'afar Y.A.M. Raja Dato' Seri Ashman Shah Ibni Sultan Azlan Shah Dato' See Teow Chuan Dato' Anthony See Teow Guan See Teow Koon See Tiau Kee See Ean Seng Y. Bhg Dato' Ismail Bin Lebai Kamat Tan Sri Datuk Gnanalingam s/o Gunanath Lingam (Resigned on 16.3.2001) (Alternate director to Y.A.M. Raja Dato' Seri Ashman Shah Ibni Sultan Azlan Shah) In accordance with Article 104 of the Company's Articles of Association, Dato' See Teow Chuan, See Teow Koon and See Tiau Kee retire by rotation and, being eligible, offer themselves for re-election. KIAN JOO CAN FACTORY BERHAD (3186-P) 2001 / Annual Report . 23
D I R E C T O R S ’ R e p o r t ( c o n t ’ d ) DIRECTORS' BENEFITS Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company is a party, whereby Directors might 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 previous financial year, no Director has received or become entitled to receive any benefits (other than a benefit included in the aggregate amount of emoluments received or due and receivable by the Directors shown in the financial statements or the fixed salary of a full-time employee of the Company) by reason of a contract made by the Company or a related corporation with any Director or with a firm of which the Director is a member or with a company in which the Director has a substantial financial interest required to be disclosed by Section 169(8) of the Companies Act, 1965. DIRECTORS' INTEREST IN SHARES The following Directors who held office at the end of the financial year had, according to the register required to be kept under Section 134 of the Companies Act, 1965, an interest in shares and debentures of the Company and its related corporations, as stated below:- Y.A.M. Tunku Naquiyuddin 89,750 - - 89,750 Ibni Tuanku Ja'afar * 1,020,000 - - * 1,020,000 Y.A.M. Raja Dato' Seri Ashman Shah Ibni Sultan Azlan Shah 498,755 - - 498,755 Dato' See Teow Chuan 259,309 15,000 - 274,309 * 43,076,746 - - * 43,076,746 Dato' Anthony See Teow Guan 250,470 - - 250,470 * 42,900,040 - - * 42,900,040 Mr. See Teow Koon 15,744 - - 15,744 * 42,856,746 - - * 42,856,746 Mr. See Ean Seng 52,605 17,000 - 69,605 * 1,453 - - * 1,453 Mr. See Tiau Kee * 42,761,276 - - * 42,761,276 Number of ordinary shares of RM1.00 each At At Subsidiary 1.1.01 Bought Sold 31.12.01 Box-Pak (Malaysia) Berhad Y.A.M. Tunku Naquiyuddin 1,769,000 - - 1,769,000 Ibni Tuanku Ja'afar * 21,940,000 - - * 21,940,000 Y.A.M. Tunku Dato' Seri Nadzaruddin Ibni Tuanku Ja'afar 1,573,000 - - 1,573,000 24 . Annual Report / 2001 KIAN JOO CAN FACTORY BERHAD (3186-P)
Page 1 and 2: (Incorporated In Malaysia) (3186-P)
Page 3 and 4: NOTICE OF Annual General Meeting NO
Page 5 and 6: CORPORATE Information DIRECTORS Y.A
Page 7 and 8: FIVE YEAR Financial Highlights 2001
Page 9 and 10: PROFILE OF Directors YAM TUNKU NAQU
Page 11 and 12: PROFILE OF Directors (Cont’d) SEE
Page 13 and 14: Corporate Governance Statement (Con
Page 15 and 16: Corporate Governance Statement (Con
Page 17 and 18: AUDIT COMMITTEE Report MEMBERSHIPS
Page 19 and 20: AUDIT COMMITTEE Report (Cont’d) S
Page 21 and 22: CHAIRMAN’S Statement (Cont’d) G
Page 23: D I R E C T O R S ’ R e p o r t T
Page 27 and 28: D I R E C T O R S ’ R e p o rt (
Page 29 and 30: STATEMENT BY DIRECTORS Pursuant to
Page 31 and 32: BALANCE SHEETS as at 31 December 20
Page 33 and 34: CONSOLIDATED STATEMENT OF CHANGES I
Page 35 and 36: C O N S O L I D ATED CASH FLOW STAT
Page 37 and 38: CASH FLOW STAT E M E N T for the ye
Page 39 and 40: NOTES TO THE FINANCIAL STAT E M E N
Page 59 and 60: LIST OF PROPERT I E S as at 31 Dece
Page 61 and 62: A N A LYSIS OF SHAREHOLDINGS as at
Page 63 and 64: D A I N R A E C LYSIS T O R S OF
Page 65: Please fold here Affix stamp here T

2001 Annual Report - Kian Joo Can

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