Ntegrator International Ltd. - Annual Report 2020

48 DIRECTORS’ STATEMENT For the financial year ended 31 December 2020 The directors present their statement to the members together with the audited financial statements of the Group for the financial year ended 31 December 2020 and the statement of financial position of the Company as at 31 December 2020. In the opinion of the directors, (a) the statement of financial position of the Company and the consolidated financial statements of the Group as set out on pages 55 to 97 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 2020 and 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 statement are as follows: Han Meng Siew Chairman Jimmy Chang Joo Whut Managing Director Charles George St. John Reed Lai Chun Loong Lee Keen Whye In accordance with Regulation 122(2) of the Company’s Constitution, Han Meng Siew and Jimmy Chang Joo Whut are due to retire at the forthcoming Annual General Meeting (“AGM”) and, being eligible, have offered themselves for re-election. For the purpose of Rule 406(3)(d)(iii) of the Listing Manual of the Singapore Exchange Securities Trading Limited (“SGX-ST”) Section B: Rules of Catalist (“Catalist Rules”) which will take effect from 1 January 2022, Charles George St. John Reed, Lee Keen Whye and Lai Chun Loong, being eligible, have offered themselves for re-election at the forthcoming AGM and their continued appointment as Independent Directors are subject to approvals by shareholders in accordance with the aforesaid Catalist Rule 406(3)(d)(iii). 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 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 Holdings in which director is name of director deemed to have an interest At At At At 31.12.2020 1.1.2020 31.12.2020 1.1.2020 Company (No. of ordinary shares) Han Meng Siew 11,390,640 11,390,640 16,491,000 16,491,000 Jimmy Chang Joo Whut 25,290,640 25,290,640 - - Charles George St. John Reed 6,765,000 6,765,000 - - Lai Chun Loong - - 9,770,000 9,770,000 Lee Keen Whye 18,911,500 18,911,500 - - The directors’ interests in the ordinary shares of the Company as at 21 January 2021 were the same as those as at 31 December 2020.