Megachem Limited Annual Report 2015 73 Statement by Directors The directors of the Company are pleased to present the accompanying financial statements of the Company and of the Group for the reporting year ended 31 December 2015. 1. Opinion of the directors In the opinion of the directors, (a) the accompanying financial statements and the consolidated financial statements are drawn up so as to give a true and fair view of the financial position and performance of the Company and, of the financial position and performance of the Group for the reporting year covered by the financial statements or consolidated financial statements; and (b) at the date of the statement there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. The board of directors approved and authorised these financial statements for issue. 2. Directors in office at date of statement The directors of the Company in office at the date of this statement are: Chew Choon Tee Tan Bock Chia Lee Bon Leong Chan Kam Loon Atsushi Saito Tay Kin Bee 3. Directors’ interests in shares and debentures The directors of the Company holding office at the end of the reporting year were not interested in the share capital of the Company as recorded in the register of directors’ shareholdings kept by the Company under section 164 of the Companies Act, Chapter 50 (“the Act”) except as follows: Direct Interest Deemed Interest At 1.1.15 At 31.12.15 At 1.1.15 At 31.12.15 Name of directors Number of shares of no par value Chew Choon Tee 45,986,316 45,995,316 444,296 444,296 Tan Bock Chia 23,110,883 24,639,483 – – Lee Bon Leong 100,000 100,000 – – By virtue of section 7 of the Act, Mr Chew Choon Tee, who by virtue of his interest of not less than 20% of the issued capital of the Company, is deemed to have an interest in the Company and in all the related corporations of the Company. The directors’ interests as at 21 January 2016 were the same as those at the end of the year.
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