DRIVING IT UP
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ANNUAL REPORT 2016
Share options to subscribe for ordinary shares (cont’d)
The Scheme was administered by members of the Company’s Remuneration Committee which comprise 3
directors, namely Mr Sam Chong Keen, Mr Goh Chee Wee and Dr Wee Li Ann.
The Company did not grant any share options under the Scheme during the financial year ended 30 April 2016.
All share options have expired on 16 August 2015 and no share options were outstanding as at 30 April 2016.
750,000 share options were forfeited during the year.
None of the directors and controlling shareholders of the Company has been granted options under the Scheme
and none of the employees, except as stated below, who participated in the Scheme had received 5% or more of
the total number of options available under the Scheme.
Name of participants
Options
granted during
the financial
year under
review
Aggregate options
granted since
commencement of
scheme to end of
financial year under
review
Aggregate options
exercised/forfeited
since commencement
of scheme to end of
financial year under
review
Aggregate options
outstanding as at
end of financial year
under review
Clare Law Lay Kian
–
200,000
200,000
–
Audit Committee
The Audit Committee comprises non-executive and independent directors, Mr Tay Puan Siong (who chairs the
Audit Committee), Mr Sam Chong Keen and Mr Leslie Mah Kim Loong and non-executive and non-independent
director, Dr Wee Li Ann.
The Committee meets at least 4 times a year and performs its functions in accordance with the Act.
The Committee reviews the overall scope of both internal and external audits and the assistance given by the
Company’s officers to the auditor. It meets with the Company’s internal and external auditors to discuss the
results of their respective examinations and their evaluation of the Group’s system of internal accounting and
financial controls. The Committee also reviews the annual financial statements of the Company and of the Group
and the auditor’s report thereon before submission to the Board, as well as interested person transactions. All
major findings and recommendations are brought to the attention of the Board of Directors.
Directors’ Statement
(Cont’d)
