SAILING THE SEAS OF SUCCESS - Swissco Holdings Limited

DIRECTORS’ REPORT
The directors present their report to the members together with the audited financial statements of the Group for the
financial year ended 31 December 2004 and the balance sheet of the Company at 31 December 2004.
The Company was incorporated in Singapore on 29 January 2004 as a public limited company and was admitted to
the Singapore Exchange Securities Trading Limited Dealing in Automated Quotation System (“SGX – SESDAQ”) on 16
November 2004.
Directors
The directors of the Company in office at the date of this report are:
Yeo Chong Lin (appointed 29 January 2004)
Alex Yeo Kian Teong (appointed 29 January 2004)
Phillip Chan Yee Foo (appointed 7 June 2004)
Chiang Hai Ding (appointed 7 June 2004)
Rohan Kamis (appointed 7 June 2004)
Arrangements to enable directors to acquire shares or debentures
Neither at the end of nor at any time during the financial period was the Company a party to any arrangement whose
object was to enable the directors of the Company to acquire benefits by means of the acquisition of shares in, or
debentures of, the Company or any other body corporate.
Directors’ interests in shares or debentures
According to the register of directors’ shareholdings, the interests of the directors holding office at the end of the
financial period in the share capital or debentures of the Company and related corporations were as follows:
Holdings registered
in name of director
Holdings in which a director
is deemed to have an interest
At
31.12.2004
At 29.1.2004
or date of
appointment,
if later
At
31.12.2004
At 29.1.2004
or date of
appointment,
if later
The Company
(Ordinary shares of $1 each)*
Yeo Chong Lin – 1 – –
Alex Yeo Kian Teong – 1 – –
(Ordinary shares of $0.08 each)*
Yeo Chong Lin – – 98,160,725 –
Alex Yeo Kian Teong – – 98,160,725 –
Phillip Chan Yee Foo 100,000 – – –
Chiang Hai Ding 100,000 – – –
Rohan Kamis 100,000 – – –
* During the financial period, the Company sub-divided each ordinary share of $1 each in its authorised and issued
share capital into 50 ordinary shares of $0.02 each and further consolidated 4 ordinary shares of $0.02 each into
1 ordinary share of $0.08 each.
Yeo Chong Lin and Alex Yeo Kian Teong, who by virtue of their deemed interest of not less than 20% in the issued share
capital of the Company, are deemed to have an interest in the entire share capital of the subsidiaries.
The directors’ interests in the shares of the Company at 21 January 2005 were the same at 31 December 2004.
SWISSCO INTERNATIONAL LIMITED_20