Sunny Tew

REPORT OF THE DIRECTORS (Continued)4. Directors’ contractual benefitsSince the end of the previous financial year, no Director of the Company has received or become entitled to receive a benefit by reason of a contract made by the Companyor by a related corporation with the Director, or with a firm of which he is a member, or with a company in which he has a substantial financial interest, except as disclosedin the financial statements.5. Share optionsThere were no share options granted by the Company or its subsidiaries during the financial year.There were no shares issued during the financial year by virtue of the exercise of options to take up unissued shares of the Company or its subsidiaries.There were no unissued shares of the Company or its subsidiaries under options as at the end of the financial year.6. Audit committeeThe Audit Committee consists of three members, all of whom are non-executive Directors and independent Directors. During the financial year and at the date of this report,the Audit Committee comprised the following members:Gui Kim Young @ Gui Kim Gan (Chairman)Ooi Seng SoonPoon Hon Thang, Samuel (appointed on 15 May 2007)Lee Bon Leong (resigned on 20 April 2007)HG METAL MANUFACTURING LIMITED ANNUAL REPORT 200729