Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad DIRECTORS’ REPORT (cont’d) 58 Directors (cont'd) Pang Chew Ngo Chia Booi Hooi Lee Kai Long Lew Kim Bock Directors' benefits The directors' benefits are as follows: Group Company RM RM Salaries, bonus and other emoluments 4,205,801 15,300 Defined contribution plan 701,977 - Fees 241,200 241,200 Estimated money value of benefits-in-kind 102,298 - 5,251,276 256,500 Directors and officers indemnity and insurance cost Since the end of the previous financial year, no director has received or become entitled to receive a benefit (other than benefits included in the aggregate amount of emoluments received or due and receivable by the directors) by reason of a contract made by the Company or a related corporation with any director or with a firm of which he is a member, or with a company in which he has a substantial financial interest, except as disclosed in Note 31 to the financial statements. The names of the directors of the Company's subsidiaries in office since the beginning of the financial year to the date of this report (not including those directors listed above) are: Neither at the end of the financial year, nor at any time during that year, did there subsist any arrangement to which the Company was a party, whereby the directors might acquire benefits by means of acquisition of shares in or debentures of the Company or any other body corporate. Directors and officers of the Company and its subsidiaries are covered under a Directors' and Officers' Liability Insurance against personal liability that they may incur in respect of amounts which they may be liable for in respect of claims made against them arising out of the performance of their duties. During the financial year, the insurance premium paid for the insurance is RM21,500.