Annual Report 2010 - Leeden Limited

A Stronger Leeden in Asia.Directors' ReportThe Directors are pleased to present their report to the members together with the audited consolidated financial statements ofLeeden Limited (the “Company”) and its subsidiary companies (collectively, the “Group”) and the balance sheet and statement ofchanges in equity of the Company for the financial year ended 31 December 2010.DirectorsThe Directors of the Company in office at the date of this report are:Steven Tham Weng Cheong – Chairman & CEOKelvin Lee Chee Fatt – Managing Director & COOLeslie StruysLoh Weng WhyeHendra HarjadiPhilip Hong Peng WaiArrangements to enable Directors to acquire shares and debenturesOther than Leeden Share Option Scheme 2007 and Ace Dynamics Share Option Scheme, neither at the end of nor at any timeduring the financial year, was the Company a party to any arrangement whose objects are, or one of whose object is, to enablethe Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or anyother body corporate.Directors’ interests in shares and debenturesThe following Directors, who held office at the end of the financial year, had, according to the register of directors’ shareholdingsrequired to be kept under Section 164 of the Singapore Companies Act, Cap. 50, an interest in shares and share options of theCompany and related corporations (other than wholly-owned subsidiary companies) as stated below:Direct interestDeemed interestName of DirectorAt1.1.2010At31.12.2010At21.1.2011At1.1.2010At31.12.2010At21.1.2011The CompanyNumber of ordinary sharesSteven Tham Weng Cheong 6,370,000 8,112,000 9,312,000 32,000,000 32,000,000 32,000,000Kelvin Lee Chee Fatt – – 500,000 22,047,000 22,747,000 22,747,000Leslie Struys – – – 2,842,000 2,842,000 2,842,000Loh Weng Whye 601,600 601,600 601,600 – – –Hendra Harjadi – – – 10,598,000 11,837,000 12,062,000Philip Hong Peng Wai – – – – – –Option to subscribe forordinary sharesSteven Tham Weng Cheong 3,390,000 3,390,000 2,190,000 – – –Kelvin Lee Chee Fatt 2,500,000 2,500,000 2,000,000 – – –Leslie Struys 420,000 420,000 620,000 – – –Loh Weng Whye 400,000 400,000 600,000 – – –Hendra Harjadi 400,000 400,000 600,000 – – –Philip Hong Peng Wai – – 200,000 – – –Except as disclosed in this report, no director who held office at the end of the financial year had interests in shares, shareoptions, warrants or debentures of the Company, or of related corporations, either at the beginning of the financial year, or dateof appointment if later, or at the end of the financial year.30