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DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
53
Performance At A Glance
Financial Report
Corporate Governance and Transparency
Sustainable Growth
Year in Review
DIRECTORS’
STATEMENT
For the financial year ended 31 December 2016
The directors present their statement to the shareholders together with the audited financial statements of
Dyna-Mac Holdings Ltd. (the “Company”) and its subsidiaries (collectively, the “Group”) for the financial year ended
31 December 2016.
In the opinion of the directors,
(a) the balance sheet of the Company and the consolidated financial statements of the Group as set out on
page 63 to 113 are drawn up so as to give a true and fair view of the financial position of the Company and
of the Group as at 31 December 2016 and of the financial performance, changes in equity and cash flows of
the Group for the financial year covered by the consolidated financial statements; and
(b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay
its debts as and when they fall due.
Directors
The directors of the Company in office at the date of this report are as follows:
Lim Tze Jong
Lim Tjew Yok
Varghese John
Tan Soo Kiat
Dr Ong Seh Hong
Chia Hock Chye Michael
Teo Boon Hwee
(alternate to Lim Tze Jong)
Wong Ngiam Jih
(alternate to Chia Hock Chye Michael, resigned on 31 March 2017)
Arrangements to enable directors to acquire shares and debentures
Neither at the end of nor at any time during the financial year 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
(a) According to the register of directors’ shareholdings, none of the directors holding office at the end of the
financial year had any interest in the shares or debentures of the Company or its related corporations, except
as follows:
Holdings registered
in name of
director or nominee
Holdings in which
a director is deemed
to have an interest
At
31.12.2016
At
01.01.2016
At
31.12.2016
At
01.01.2016
Company
(No. of ordinary shares)
Lim Tze Jong
417,776,000 417,776,000
–
–
Lim Tjew Yok
2,000,000 2,000,000
–
–
Varghese John
2,000,000 2,000,000
–
–
Teo Boon Hwee
1,500,000
1,500,000
–
–