Asiaone 1-42

DIRECTORS, SENIOR MANAGEMENT AND STAFF
Tjong Yik Min, aged 47, is the SPH Group President and an executive director of SPH, our parent
company, and the Chairman of Civil Aviation Authority of Singapore. Mr Tjong started his career as
a Systems Engineer in the Ministry of Defence in 1976. He was appointed the Permanent Secretary
of the Ministry of Communications, and concurrently the Chairman of the Telecommunication Authority
of Singapore in 1993. Mr Tjong left the civil service in November 1995 to join SPH. He was awarded
the Public Administration Medal (Gold) in 1988 in recognition of his public service. Mr Tjong, a
President cum Colombo Plan Scholar, graduated from the University of Newcastle, Australia, with a
Bachelor of Engineering (First Class Honours) degree in Industrial Engineering and a Bachelor of
Commerce degree in Economics. He also holds a Masters of Science degree in Industrial Engineering
from the University of Singapore.
COMMITTEES OF THE BOARD OF DIRECTORS
The independent Directors of our Company are Messrs Wong Yuen Weng Ernest, Koh Boon Hwee,
Eddie Kuo Chen-Yu, Soon Tit Koon and Teo Ming Kian. Our Board of Directors has three committees:
(i) the Audit Committee, (ii) the Pre-IPO Share Option Committee and (iii) Post-IPO Share Option
Committee.
Audit Committee. Our Audit Committee comprises Messrs Wong Yuen Weng Ernest, Eddie Kuo
Chen-Yu and Soon Tit Koon. The Chairman of the Audit Committee is Mr Wong Yuen Weng Ernest.
Our Directors recognise the importance of corporate governance and the offering of high standards
of accountability to our shareholders. Our Audit Committee shall meet periodically to perform the
following functions: (i) reviewing the audit plans, scope of work and results of our audits compiled by
our internal and independent auditors; (ii) reviewing the co-operation given by our officers to the
external auditors; (iii) nominating external auditors for re-appointment; (iv) reviewing the integrity of
any financial information presented to our shareholders; (v) reviewing interested party transactions,
if any; and (vi) reviewing and evaluating our administrative, operating and internal accounting controls
and procedures. Our Audit Committee shall commission and review the findings of internal
investigations into matters where there is any suspected fraud or irregularity, or failure of internal
controls or infringement of any law, rule or regulation which has or is likely to have a material impact
on our Group’s operating results and/or financial position.
Pre-IPO Share Option Committee. Our Pre-IPO Share Option Committee comprises Messrs Lim
Kim San and Tjong Yik Min. The Chairman of the Pre-IPO Share Option Committee is Mr Lim Kim
San, the Executive Chairman of the SPH Group. The role of our Pre-IPO Share Option Committee
is to implement and administer our Pre-IPO Share Option Scheme.
Post-IPO Share Option Committee. Our Post-IPO Share Option Committee comprises Messrs Tjong
Yik Min and Teo Ming Kian. The Chairman of the Post-IPO Share Option Committee is Mr Tjong Yik
Min. The role of our Post-IPO Share Option Committee is to implement and administer our AsiaOne
(2000) Post-IPO Share Option Scheme.
DIRECTORS’ REMUNERATION
The estimated aggregate remuneration of our Directors for the current financial year is $641,000. In
addition, we granted loans to our Executive Directors to purchase cars and country club memberships,
the outstanding amount of which aggregated approximately $201,000 as at 1 May 2000.
The directors did not receive any remuneration from us in the previous financial years. Certain
Directors were remunerated directly by companies within the SPH Group and their costs were not
charged to us in the previous financial years.
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