Wah Seong Corporation Berhad Annual Report 2020

76 WAH SEONG CORPORATION BERHAD TREASURY SHARES During the financial year, the Company did not purchase any of its issued share capital from the open market on Bursa Malaysia Securities Berhad (“Bursa Malaysia”). As at 31 December 2020, the total number of treasury shares held by the Company was 577,054 shares. Details of the treasury shares are set out in Note 25 to the financial statements. DIRECTORS The Directors in office during the financial year and during the period from the end of the financial year to the date of this report are: Dato’ Seri Robert Tan Chung Meng Chan Cheu Leong Giancarlo Maccagno Halim Bin Haji Din Professor Tan Sri Lin See Yan Tan Jian Hong, Aaron Tan Sri Saw Choo Boon The names of Directors of subsidiaries are set out in the respective subsidiaries’ statutory accounts and the said information is deemed incorporated herein by such reference and made part thereof. DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES According to the Register of Directors’ Shareholdings required to be kept under Section 59 of the Companies Act, 2016, none of the Directors who held office at the end of the financial year held any shares or debentures in the Company or its subsidiaries during the financial year except as follows: Number of ordinary shares As at 1.1.2020 Acquired Disposed As at 31.12.2020 The Company Dato’ Seri Robert Tan Chung Meng - direct interest 11,761,308 166,006^ - 11,927,314 - deemed interest # 310,511,267 1,552,555 @ - 312,063,822 Chan Cheu Leong - direct interest 20,575,062 102,874 @ - 20,677,936 - deemed interest* 43,683,127 348,864 & - 44,031,991 Giancarlo Maccagno - direct interest 17,147,777 311,576 % (15,000,000) 2,459,353 By virtue of his interests of more than 20% in the shares of the Company, Dato’ Seri Robert Tan Chung Meng is deemed to be interested in the shares of all the subsidiaries to the extent that the Company has an interest. # Deemed interest held through Wah Seong Enterprises Sdn. Bhd., Wah Seong (Malaya) Trading Co. Sdn. Bhd. and Tan Kim Yeow Sendirian Berhad pursuant to Section 8 of the Companies Act, 2016 (“the Act”). * Deemed interest held through Midvest Asia Sdn. Bhd. and Midvest Properties Sdn. Bhd. pursuant to Section 8 of the Act and includes interests of his spouse and children. @ Derived from the distribution by Wah Seong Corporation Berhad (“WSC”) of a First Interim Single Tier Share Dividend on the basis of one (1) WSC treasury share for every two hundred (200) ordinary shares held in WSC, fractions of treasury shares were disregarded (“First Interim Single Tier Share Dividend”). DIRECTORS’ REPORT