Ecowise Annual Report 2007 - ecoWise Holdings Limited

REPORT OFTHE DIRECTORS3. DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES (Cont’d)The directors’ beneficial interest in other related corporations’ shares and debentures were as follows:Direct InterestDeemed InterestName of directors and At beginning At end At beginning At endcompanies in which interests are held of year of year of year of yearThe holding company Number of shares Number of sharesecoHub Pte. Ltd. of no par value of no par valueLee Thiam Seng 4,931 4,931 – –Sunny Ong Keng Hua 2,669 2,669 – –By virtue of section 7 of the Companies Act, Cap. 50, the above directors with the above shareholdings in the holdingcompany are deemed to have an interest in the company and in all the related corporations of the company.The directors’ interests as at 21 November 2007 were the same as those at the end of the year.4. CONTRACTUAL BENEFITS OF DIRECTORSSince the beginning of the financial year, no director of the company has received or become entitled to receive a benefitwhich is required to be disclosed under section 201(8) of the Companies Act, Cap. 50, by reason of a contract madeby the company or a related corporation with the director or with a firm of which he is a member, or with a company inwhich he has a substantial financial interest except as disclosed in the financial statements. Certain directors of thecompany received remuneration from related corporations in their capacity as directors of those related corporations.There were certain transactions (shown in the financial statements) with corporations in which certain directors havean interest.33