Kimlun Corporation Berhad Annual Report 2020

DIRECTORS’ REPORT 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Directors' benefits The directors' benefits are as follows: Group Company RM RM Salaries, bonus and other emoluments 3,051,273 16,150 Defined contribution plan 503,283 - Fees 259,800 259,800 Estimated money value of benefits-in-kind 95,766 - 3,910,122 275,950 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. 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 RM20,700. There were no amount of indemnities given or liability insurance effected during the financial year, or since the end of the financial year, for any person who is or has been a director or officer of the Company. - 3 - Annual Report 2020 060