DIRECTORS (CONT’D.) 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: (cont’d.) Lim Soon Mun @ Albert (Resigned on 19 November 2021) Muhammad Azman Bin Mohd Azlan (Resigned on 10 December 2021) Muhammad Azrul Amri Bin Mohd Azlan (Resigned on 10 December 2021) Nur Diyana Binti Kamaruddin (Resigned on 10 December 2021) Nur Hariaty Binti Abdul Rahim (Resigned on 10 December 2021) Wan Yu Jin (Resigned on 10 December 2021) Yakup Bin Omar (Resigned on 10 December 2021) Liew Kong Min (Resigned on 6 January 2022) Lim Kee Boon (Resigned on 6 January 2022) Dato’ Br. Paul Ho Kok Chee (Resigned on 11 January 2022) Tang Chee Heng (Resigned on 11 January 2022) Kamarul Annuar Bin Mohamad Kamar (Appointed on 20 October 2021 and resigned on 4 March 2022) Foo Ken Nee (Appointed on 17 August 2021 and resigned on 30 March 2022) DIRECTORS’ BENEFITS 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. 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 as shown in Note 11 to the financial statements) by reason of a contract made by the Company or a related corporation with any 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 as disclosed in Note 37 to the financial statements. DIRECTORS’ INTERESTS According to the Register of Directors’ Shareholdings, the interests of the directors in office at the end of the financial year in ordinary shares and/or irredeemable convertible preference shares (“ICPS”) over ordinary shares in the Company and its related corporations during the financial year were as follows: Tropicana Corporation Berhad Number of ordinary shares At 1 January At 2021/date of 31 December appointment Acquired Disposed 2021 Direct interest Tan Sri Dr Lim Wee Chai 162,208,937 – – 162,208,937 Tan Sri Dato’ Tan Chee Sing 362,462,475 – (3,000,000) 359,462,475 Lee Han Ming 26,892 – – 26,892 Jared Ang Tzer Shen 4,517 – – 4,517 Deemed interest Tan Sri Dato’ Tan Chee Sing1 560,353,421 – (5,800,000) 554,553,421 Jared Ang Tzer Shen2 231,651 – – 231,651 DIRECTORS’ INTERESTS (CONT’D.) According to the Register of Directors’ Shareholdings, the interests of the directors in office at the end of the financial year in ordinary shares and/or irredeemable convertible preference shares (“ICPS”) over ordinary shares in the Company and its related corporations during the financial year were as follows: (cont’d.) Tropicana Corporation Berhad Number of ICPS At At 1 January 31 December 2021 Acquired Disposed 2021 Deemed interest Tan Sri Dato’ Tan Chee Sing3 982,386,093 – (80,000,000) 902,386,093 1 Deemed interest by virtue of his interests in Aliran Firasat Sdn Bhd, Golden Diversity Sdn Bhd, Impeccable Ace Sdn Bhd pursuant to Section 8 of the Companies Act 2016 and spouse and child’s interests pursuant to Section 59(11) of the Companies Act 2016. 2 Deemed interest by virtue of Section 8 of the Companies Act 2016 held through spouse. 3 Deemed interest by virtue of his interests in T Shares 1 Sdn Bhd, Dasen Resources Sdn Bhd and DIT Sdn Bhd pursuant to Section 8 of the Companies Act 2016. Other than as disclosed above, none of the other directors in office at the end of the financial year had any interest in ordinary shares and/or ICPS over ordinary shares in the Company or its related corporations during the financial year. DIRECTORS’ INDEMNITY During the financial year, the total amount of indemnity coverage and insurance premium paid for directors and officers of the Group and of the Company were RM30,000,000 and RM41,350 respectively. TREASURY SHARES During the financial year, the Company repurchased 20,966,500 of its issued ordinary shares from the open market at an average price of RM0.9167 per share. The shares repurchased are being held as treasury shares in accordance with Section 127 of the Companies Act 2016. As at 31 December 2021, the number of treasury shares held are 29,344,743 ordinary shares. Such treasury shares are held at carrying amount of RM26,103,000 and further relevant details are disclosed in Note 28(b) to the financial statements. REPORT DIRECTORS’ Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 202 203
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