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POTENTIAL CONFLICT OF INTERESTS<br />

Ang Suan Hong is the sister of Ang Boon Cheow Edward and Ang Boon Chong, and Ang Tiong is their<br />

brother. Gan Cheng Chan is the husband of Ang Suan Hong.<br />

Based on publicly available information, our Directors understand that Ang Suan Hong, Ang Tiong and<br />

Gan Cheng Chan are shareholders of Jes Fashion Co. Pte <strong>Ltd</strong> (formerly known as Ghim Li Fashion Co.<br />

Pte <strong>Ltd</strong>), a company in the business of apparel manufacturing and trading. Ghim Li Fashion<br />

Manufacturing Pte <strong>Ltd</strong>, which is in the business of manufacturing apparel, is a wholly-owned subsidiary<br />

of Jes Fashion Co. Pte <strong>Ltd</strong>.<br />

As disclosed at page 66 of this Prospectus under the section “Directors, Management and Staff -<br />

Directors”, Ang Boon Chong and Ang Siew Tiong were working in Jes Fashion Co. Pte <strong>Ltd</strong> (then known<br />

as Ghim Li Fashion Co. Pte <strong>Ltd</strong>) prior to their appointment as Directors in our Company in 1995.<br />

Our Directors do not have any interest, direct or indirect, in either Jes Fashion Co. Pte <strong>Ltd</strong> or Ghim Li<br />

Fashion Manufacturing Pte <strong>Ltd</strong> and are not in any way involved in the business of these two companies.<br />

Conversely, Ang Suan Hong, Ang Tiong and Gan Cheng Chan do not have any interest, direct or indirect,<br />

in our Group and are not in any way involved in the business of our Group. As disclosed on page 53 of<br />

this Prospectus under the section “Competition and Competitive Strengths”, we compete with many other<br />

apparel manufacturers from all parts of the world. Hence, the possibility of a conflict of interest situation<br />

arising from direct competition with the aforesaid companies is relatively low.<br />

Save as disclosed above, none of our Directors, Executive Officers or Substantial Shareholders has any<br />

interest, direct or indirect, in any company carrying on the same business or dealing in similar products<br />

as our Group.<br />

88

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