Thedirectorsarepleased topresent their statement to themembers togetherwith theaudited consolidated financial statementsof Baker TechnologyLimited (the
“Company”) and its subsidiaries (collectively, the “Group”) and the balance sheet and statement of changes in equity of the Company for the financial year ended
31December 2015.
Opinionof thedirectors
In theopinionof thedirectors,
(a)
the accompanying balance sheets, consolidated statement of comprehensive income, statements of changes in equity, and consolidated cash flow statement
togetherwithnotes theretoaredrawnupsoas togivea trueand fair viewof the financial positionof theGroupandof theCompanyasat 31December2015, and
the financial performance, changes inequity and cash flowsof theGroupand the changes inequity of theCompany for the year endedon that date, and
(b)
at thedateof this statement, thereare reasonablegrounds tobelieve that theCompanywill beable topay itsdebtsasandwhen they fall due.
Directors
Thedirectorsof theCompany inofficeat thedateof this report are:
LimHoSeng
(Chairman)
DrBenetyChang
(Chief ExecutiveOfficer)
JeanetteChang
(ExecutiveDirector)
TanYangGuan
(Non-ExecutiveDirector)
WongMengYeng
(Lead IndependentDirector)
AngMiahKhiang
(IndependentDirector)
HanSahHeokVicky
(IndependentDirector)
Arrangements toenabledirectors toacquiresharesanddebentures
Neither at theendof nor at any timeduring the financial yearwas theCompanyaparty toanyarrangementwhoseobjectsare, oroneofwhoseobject is, toenable the
directorsof theCompany toacquirebenefitsbymeansof theacquisitionof sharesor debenturesof theCompany or any other body corporate.
Directors’ interests insharesanddebentures
The followingdirectors,whoheldofficeat theendof the financial year, had, according to the registerof directors’ shareholdings required tobekept underSection164
of theSingaporeCompaniesAct, Cap. 50, an interest in sharesandwarrantsof theCompany as statedbelow:
Direct interest
Deemed interest
Nameof director
At
1.1.2015
At
31.12.2015
At
1.1.2015
At
31.12.2015
TheCompany
BakerTechnologyLimited
Ordinary shares
LimHoSeng
1,134,000 1,134,000
–
–
DrBenetyChang
385,239,348 427,722,887 68,399,183 95,758,856
TanYangGuan
20,642,770 20,642,770
–
–
HanSahHeokVicky
500,000
500,000
–
–
2012Warrants
DrBenetyChang
42,483,539
– 27,359,673
–
Thedirectors’ interestsasat 21January 2016were the sameas thoseat theendof the financial year.
Except as disclosed in this report, no director who held office at the end of the financial year had interest in shares, share options, warrants or debentures of the
Company, or of related corporations, either at thebeginningor at theendof the financial year.
Directors’ statement
64
65
BAKERTECHNOLOGYlimited
ANNUAL REPORT 2015
