Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 71 DIRECTORS’ INTERESTS (CONT’D) According to the register of directors’ shareholdings, the interests of directors holding office at the end of the financial year in shares of the Company and its related corporations during the financial year are as follows: (Cont’d) Number of Warrants At At 1.1.2022 Granted Sold 31.12.2022 Warrants in the Company Direct Interests Ng Wai Pin 3,356,450 - - 3,356,450 Dr. Tay Kiang Meng 4,702,404 - - 4,702,404 Ng Chee Whye 10,000 - - 10,000 Indirect Interests Ng Wai Pin1 105,690,736 - - 105,690,736 Ng Chee Whye2 62,860 - - 62,860 1 Deem interested by virtue of his direct substantial shareholding in Dazzle Clean Ltd. 2 Deem interested through spouse’s shareholding in the Company. By virtue of his shareholdings in the Company, Ng Wai Pin is deemed to have interests in shares in its related corporations during the financial year to the extent of the Company’s interests, in accordance with Section 8 of the Companies Act 2016. Save as disclosed above, the other directors holding office at the end of the financial year had no interest in the shares of the Company or its related corporations during the financial year. DIRECTORS’ BENEFITS Since the end of the previous financial year, no director has received or become entitled to receive any benefit (other than directors’ remuneration as disclosed in the “Directors’ Remuneration” of this report) by reason of a contract made by the Company or a related corporation with the director or with a firm of which the director is a member, or with a company in which the director has a substantial financial interest except for any benefits which may be deemed to arise from transactions entered into in the ordinary course of business with companies in which certain directors have substantial financial interests as disclosed in Note 14 to the financial statements. Neither during nor at the end of the financial year was the Group or the Company a party to any arrangements whose object is to enable the directors to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate other than the share granted to certain directors pursuant to the SGP of the Company. DIRECTORS’ REPORT (CONT’D)
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