Notes to the Financial Statements 30 June 2008 - Abterra

Report of the DirectorsFor the financial year ended 30 June 20083. DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES (CONT’D)The Immediate Holding CompanyGeneral Nice Resources(Hong Kong) Ltd.Ordinary shares ofHK$1 eachDirect interestDeemed interest1 July 2007 30 June 2008 1 July 2007 30 June 2008Cai Sui Xin - - 24,000,000 79,999,200Lau Yu 5,999,000 19,999,800 - -The Ultimate Holding CompanyGeneral Nice Development Ltd.Ordinary shares of HK$1 eachCai Sui Xin 5,000,000 5,000,000 50,000,000 50,000,000The directors’ interests in the ordinary shares of the Company as at 21 July 2008 were the same as those asat 30 June 2008.Except as disclosed in this report, no director who held office at the end of the financial year had interests inshares, share options, warrants or debentures of the Company, or related corporations, either at the beginningof the financial year, or at the end of the financial year or on 21 July 2008.4. DIRECTORS’ CONTRACTUAL BENEFITSSince the end of the previous financial year, no director has received or become entitled to receive a benefitwhich is required to be disclosed under Section 201(8) of the Singapore Companies Act, by reason of a contractmade by the Company or a related corporation with the director or with a firm of which he is a member or witha company in which he has a substantial financial interest, except as disclosed in the financial statements.5. OPTIONS GRANTEDDuring the financial year, there were no options granted to any person to take up unissued shares in theCompany or any subsidiary company.6. OPTIONS EXERCISEDDuring the financial year, there were no shares of the Company issued by virtue of any exercise of option totake up unissued shares.7. OPTIONS OUTSTANDINGAt the end of the financial year, there were no unissued shares of the Company under option.ABTERRAAnnual Report 200833