directors - The Lion Group

OTHER FINANCIAL INFORMATION
Before the income statements and balance sheets of the Group and of the Company were made out, the Directors took
reasonable steps:
(a) to ascertain that proper action had been taken in relation to the writing off of bad receivables and the making of
allowance for doubtful receivables and had satisfied themselves that no known bad receivables need to be
written off and that adequate allowance had been made for doubtful receivables; and
(b) to ensure that any current assets which were unlikely to realise their book values in the ordinary course of
business had been written down to their estimated realisable values.
At the date of this report, the Directors are not aware of any circumstances:
(a) which would require the writing off of bad receivables or render the amount of the allowance for doubtful
receivables in the financial statements of the Group and of the Company inadequate to any substantial extent; or
(b) which would render the values attributed to current assets in the financial statements of the Group and of the
Company misleading; or
(c) which have arisen which render adherence to the existing method of valuation of assets or liabilities of the Group
and of the Company misleading or inappropriate; or
(d) not otherwise dealt with in this report or financial statements which would render any amount stated in the
financial statements of the Group and of the Company misleading.
At the date of this report, there does not exist:
(a) any charge on the assets of the Group and of the Company which has arisen since the end of the financial year
which secures the liability of any other person; or
(b) any contingent liability of the Group and of the Company which has arisen since the end of the financial year.
No contingent or other liability has become enforceable or is likely to become enforceable within the period of twelve
months after the end of the financial year which, in the opinion of the Directors, will or may substantially affect the
ability of the Group and of the Company to meet their obligations as and when they fall due.
In the opinion of the Directors, no item, transaction or event of a material and unusual nature has arisen in the interval
between the end of the financial year and the date of this report which is likely to affect substantially the results of
operations of the Group and of the Company for the succeeding financial year.
DIRECTORS
The following Directors served on the Board of the Company since the date of the last report:
Tan Sri Dato’ Musa bin Hitam
Datuk Cheng Yong Kim
Tan Sri Datuk Asmat bin Kamaludin
Dato’ Kamaruddin @ Abas bin Nordin
Cheng Yong Liang
Heah Sieu Lay
Chong Jee Min
In accordance with Article 98 of the Company’s Articles of Association, Y. Bhg. Dato’ Kamaruddin @ Abas bin Nordin
and Mr Cheng Yong Liang retire by rotation at the forthcoming Annual General Meeting and, being eligible, offer
themselves for re-election.
Y. Bhg. Tan Sri Dato’ Musa bin Hitam, being over the age of seventy years, retires pursuant to Section 129(2) of the
Companies Act, 1965 and seeks re-appointment as Director under the provisions of Section 129(6) of the said Act to
hold office until the next Annual General Meeting.
30