Annual Report 2005 - Parkway Pantai

Directors’ ReportYear ended 31 December 2005We are pleased to submit this annual report to the members of the Company, together with the audited financial statements for thefinancial year ended 31 December 2005.DirectorsThe directors in office at the date of this report are as follows:Richard Seow Yung Liang (Chairman) (Appointed on 10 June 2005)Sunil Chandiramani(Vice Chairman)Dr Lim Cheok Peng(Managing Director)Alain Ahkong Chuen FahDaniel Ashton Carroll (Appointed on 10 June 2005)Chang See HiangTimothy David Dattels (Appointed on 10 June 2005)Ho Kian GuanDr Ronald Ling Jih Wen (Appointed on 15 July 2005)Ashish Jaiprakash Shastry (Appointed on 10 June 2005)David R. White (Appointed on 15 July 2005)Ho Kian Hock(alternate to Ho Kian Guan)Directors’ InterestsAccording to the register kept by the Company for the purposes of Section 164 of the Companies Act, Chapter 50 (the Act), particularsof interests of directors who held office at the end of the financial year (including those held by their spouses and infant children) inshares, debentures, warrants and share options in the Company and in related corporations (other than wholly-owned subsidiaries) areas follows:Holdings in the nameOther holdings in whichName of director and corporation of the director, spouse the director is deemedin which interests are held or infant children to have an interestAt beginning At end At beginning At endof the year of the year of the year of the yearCompanyOrdinary Shares fully paidSunil Chandiramani 50,000 50,000 – –Dr Lim Cheok Peng 2,000 2,000 – –Chang See Hiang – 125,000 – –Ho Kian Guan 625,000 693,000 – 10,000,000Ho Kian Hock 50,000 100,000 – 10,000,000Holdings atHoldingsName of director and corporation beginning of at endin which interests are held the year of the yearParkway Share Option Scheme 2001Options to subscribe for Ordinary Shares(exercise price at $0.865 per share andexercisable between 10/4/2002 and 9/4/2006)Dr Lim Cheok Peng 500,000 500,00036