ISSUE OF SHARES AND DEBENTURES During the financial year, the issued and fully paid-up ordinary shares of the Company was increased from 433,354,500 to 436,134,500 by way of issuance of 2,780,000 new ordinary shares pursuant to options exercised under the Employee9s Share Option Scheme (<ESOS=) at an exercise price of RM0.10 per ordinary share for cash. The newly issued ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. There were no other issues of shares during the financial year. The Company did not issue any debentures during the financial year. OPTIONS GRANTED OVER UNISSUED SHARES No options were granted to any person to take up unissued shares of the Company during the financial year apart from the issue of options pursuant to the ESOS. Employee9s Share Option Scheme The details of the number of share options are as follows: As at 1.9.2023 Exercised Lapsed/ Expired Outstanding and Exercisable as at 31.8.2024 9000 9000 9000 9000 ESOS 2 3,330 (2,780) (550) - On 10 March 2022, the Company offered 12,000,000 options at an exercise price of RM0.10 each to its eligible employees. During the current financial year, 2,780,000 new ordinary shares were issued pursuant to the exercise of this ESOS. Additionally, 50,000 options had lapsed due to an employee9s resignation and 500,000 options had expired on 9 March 2024. The details of the ESOS is further disclosed in Note 17 to the financial statements. DIRECTORS The Directors who have held office during the financial year and up to the date of this report are as follows: Law King Hui Lee Swee Hang Law Yi Chian Dato9 Noor Rezan Binti Bapoo Hashim Dato9 Salleh Bin Mohd Husein Tang Yuen Kin Datu Dr Rashidah Binti Bolhassan Datuk Dr Amin Bin Senin (Appointed on 1 July 2024) Law En Ruey (Appointed on 30 October 2023 and Resigned on 31 October 2024) Directors of subsidiaries of the Company (excluding those Directors listed above) are as follows: Kuan Shaw Ping Lew Yoke Long Lim Jit Ping ANNUAL REPORT 2024 HOLDINGS BERHAD Financial Statements (continued) 76
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