Osim FR 050407.indd

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Non Executive DirectorMs Teo Sway Heong44, Non-Executive DirectorMs Teo contributed considerably to the Group’s growth during itsformative years as its administration and human resources head.Appointed to the Board in March 2000, she continues to participateactively in the company’s endeavours.Independent Non Executive DirectorsMr Michael Kan Yuet Yun PBM,68, Independent Non-Executive Director(Chairman of Audit Committee)From 1969 to 1999, Mr Kan was the Finance Director of BritishTobacco Co (Singapore) Ltd and Singapore Tobacco Co (Pte) Ltd(“BAT group”). He graduated with Honours from the University ofSydney (Bachelor of Economics). He is a member of the Instituteof Charted Accountants in England and Wales and the Institute ofCertified Public Accountants of Singapore. Mr Kan sits on the boardsof several other Singapore companies. He is also actively involvedin community service as the Chairman of the Children’s Aid Society.He was conferred The Pingkat Bakti Masyarakat (PBM) in 1998National Day Awards. Mr Kan was appointed to the Board in 2000.Mr Khor Peng Soon56, Independent Non-Executive DirectorMr Khor was appointed to the Board in 2000. His credentials speakvolumes. He was a Managing Director of Temasek Holdings (Pte)Ltd, held positions in the Sembawang Group of Companies, Ernst& Young, and the Economic Development Board and TelecomsMalaysia. He was a Colombo Plan scholar in 1969; was conferreda Bachelor of Mechanical Engineering (First Class Honours) by theUniversity of Auckland, New Zealand in 1972 and a MastersEngineering Science (Industrial Engineering) from the Universityof New South Wales, Australia in 1981.Mr Ong Kian Min46, Independent Non-Executive Director(Chairman of Remuneration Committee and Nominating Committee)Mr Ong is an Advocate and Solicitor practising as a Consultant witha Singapore law firm, Drew & Napier LLC. He is a member of theBar of England and Wales since 1988 and the Singapore Bar since1989. He was also awarded the President Scholarship and PoliceScholarship in 1979 and holds a Bachelor of Laws (Honours)external degree from the University of London and a Bachelor ofScience (Honours) degree from the Imperial College of Scienceand Technology in England. Mr Ong is a Member of Parliamentsince January 1997 serving as Chairman of the GovernmentParliamentary Committee (GPC) for Transport and as a member ofthe GPC for Finance, Trade and Industry. Mr Ong was appointedto the Board in 2000.Directors & Management 49 Annual Report 2006
ManagementMr Tan Kia Tong51, Chief Technology OfficerSpearheading the Group’s robust R&D, Mr Tan has pushed thecompany’s product development capabilities to formidable rankingin the world. In collaboration with other international teams, theGroup has achieved some of the world’s firsts in design andtechnologies, thanks to Mr Tan’s uncompromising determination.He obtained his Master of Science (MSc) in Electrical & ElectronicEngineering at the University of Bradfort/UMIST in 1980. He is aChartered Engineer and a Member of the Institution of Engineeringand Technology, UK and was awarded the Public AdministrationMedal (Bronze) in 2000. Mr Tan has been with the Group since2002.Mr Lee Hann Yang33, Head of International FranchiseMr Lee joined OSIM in Aug 2005 as Business Analyst. Prior to hisresponsibilities as Head of International Franchise, he was involvedin the business analysis of Brookstone, Global Active and InternationalFranchise. Mr Lee has 10 years of experience in the areas offinance, mergers and acquisitions, and held the position of GroupFinance Manager in SEB Corporation Pte Ltd, a subsidiary underVenture Corporation Limited, as well as Auditor in Ernst & Young.He graduated with Honours from Nanyang Technological University(Bachelor of Accountancy), and is a Certified Public Accountantin Singapore.Ms Celine Cha39, Chief Merchandising OfficerMs Cha is instrumental in the merchandising department’s stellarachievements. Rising from the ranks, she has a deep understandingof the company’s merchandising strategies and has demonstratedthe capability to implement them. Ms Cha joined OSIM in 1995.She was promoted to Chief Merchandising Officer in June 2005.Directors & Management 50 Annual Report 2006
Page 1: Process and Performanceas the growt
Page 5: Customer Service Department“I put
Page 9: Sales Department“I look forward t
Page 13: Research & Development“Every prod
Page 17 and 18: Contents17 CEO’s Message22 The Ro
Page 19 and 20: ... ensuring that as we grow,they g
Page 21 and 22: previous year. Q4 2006 revenue rose
Page 23 and 24: The Role ModelsThe Role Models 22 A
Page 25 and 26: Ms Teo Sway HeongNon-Executive Dire
Page 27 and 28: Mr Peter Lee Hwai KiatMs Celine Cha
Page 29 and 30: Result of our Growth StrategyThe Gr
Page 31 and 32: Performance ReviewIn building a glo
Page 33 and 34: ProfitabilityIn FY2006, buoyant rev
Page 35 and 36: An Environment of GrowthMarch 2006
Page 38 and 39: Financial HighlightsOur goal is to
Page 40 and 41: Number of OutletsOSIM OutletsNorth
Page 42 and 43: Capital ExpenditureCapexS$’000 Le
Page 44 and 45: Corporate Structure as at 21 Februa
Page 46 and 47: OSIM Global NetworkSINGAPORECHINATA
Page 48 and 49: Corporate InformationBoard of Direc
Page 52 and 53: Corporate Governance Report 51 Annu
Page 54 and 55: The Company worked closely with a p
Page 56 and 57: New directors are at present appoin
Page 58 and 59: In 2006, the Audit & Risk Managemen
Page 60 and 61: The aggregate value of interested p
Page 63 and 64: Financial Contents64 Directors’ R
Page 65 and 66: Directors’ ReportFor the Year end
Page 67 and 68: Directors’ Report (cont’d)Share
Page 69 and 70: Directors’ Report (cont’d)Share
Page 71 and 72: Directors’ Report (cont’d)Audit
Page 73 and 74: Independent Auditors’ Reportto th
Page 75 and 76: Balance Sheetsas at 31 December 200
Page 77 and 78: Consolidated Profit and Loss Accoun
Page 79 and 80: Statements of Changes in Equity for
Page 81 and 82: Consolidated Cash Flow Statementfor
Page 83 and 84: Consolidated Cash Flow Statement fo
Page 85 and 86: Notes to the Financial Statements -
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Notes to the Financial Statements -
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Major PropertiesUnexpiredterm ofDes
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Shareholdings Statistics as at 8 Ma
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Notice of Annual General Meeting (c
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Notice of Annual General Meeting (c
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Appendix (cont’d)DEFINITIONSIn th
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Appendix (cont’d)PROPOSED RENEWAL
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Appendix (cont’d)3.1.3 The Direct
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Appendix (cont’d)4. Rationale and
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Appendix (cont’d)11. ACTION TO BE
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OSIM INTERNATIONAL LTDCompany Regis
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SINGAPOREOSIM International Ltd65 U
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