Annual Report - QuamIR

Report of the Directors (Continued)
Directors’ Right to Acquire Shares or Debentures
Save as disclosed above, at no time during the year was the Company or
any of its subsidiaries a party to any arrangement that enabled the Directors
or any of their spouses or children under the age of 18 to acquire benefits by
means of the acquisition of shares in, or debentures of, the Company or any
other body corporate.
Directors’ and Controlling Shareholders’ Interests in
Contracts of Significance
Save as disclosed under the headings “Continuing Connected Transactions”
in this Report of Directors and “Related Party Transactions” in note 42 to the
consolidated financial statements, no contract of significance to which the
Company or any of its subsidiaries was a party and in which a Director had
a material interest, whether directly or indirectly, subsisted at the end of the
year or at any time during the year.
Directors’ Interests in Competing Businesses
Mr. OEI Tjie Goan is the chairman and a director of PT. Sinar Mas, a company
together with its subsidiaries, associates, including Asia Pulp & Paper
Company, Ltd., and its holding companies (if any) (the “Sinar Mas Group”) are
engaged in, among other things, general trading and property development
and investment. Save as disclosed above, Mr. OEI Tjie Goan is not interested
in any business which competes or is likely to compete, either directly or
indirectly, with the business of the Group. Mr. OEI Kang, Eric, a member of
the Oei Family and a son of Mr. OEI Tjie Goan, does not hold any directorship
in the Sinar Mas Group.
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42
PT. Sinar MasPT.
Sinar Mas
Mr. OEI Kang, Eric and Mr. CHANG Li Hsien, Leslie are the executive
directors of CRE whose principal business activities are alternative energy
business.
Mr. FAN Yan Hok, Philip is a non-executive director of China Everbright
International Limited, an independent non-executive director of Hysan
Development Company Limited and an independent director of Goodman
Group. Part of the business activities of China Everbright International Limited,
Hysan Development Company Limited and Goodman Group includes
alternative energy business, infrastructure, property investment, development
and management and construction and engineering.
Goodman Group
Goodman Group
52 HKC (Holdings) Limited • Annual Report 2011