173 ACCOUNTABILITY Directors’ interests (continued) 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 options over unissued shares or debentures in the Company or its subsidiaries during the financial year except as follows: (continued) Number of options over unissued ordinary shares 1.2.2022 Issued# Acquired 31.1.2023 Warrants in the Company Direct interest: Lim Han Weng - 9,596,491 3,775,000 13,371,491 Bah Kim Lian - 1,216,711 - 1,216,711 Lim Han Joeh - 16,764,676 - 16,764,676 Lim Chern Yuan - 324,710 - 324,710 Indirect interest: Lim Han Weng (1) - 81,309,833 4,737,400 86,047,233 Bah Kim Lian (2) - 79,014,028 4,425,000 83,439,028 (1) Deemed interested by virtue of his spouse’s and children’s direct warrant holdings in the Company pursuant to Section 59(11)(c) of the Companies Act 2016 (“CA 2016”) and Liannex Corporation (S) Pte Ltd’s and Yinson Legacy Sdn Bhd’s direct warrant holdings in the Company pursuant to Section 8(4) of the CA 2016. (2) Deemed interested by virtue of her spouse’s and children’s direct warrant holdings in the Company pursuant to Section 59(11)(c) of the CA 2016 and Yinson Legacy Sdn Bhd’s direct warrant holdings in the Company pursuant to Section 8(4) of the CA 2016. # Free detachable Warrants on the basis of 3 Warrants for every 7 Rights Shares subscribed under the Rights Issue. Lim Han Weng and Bah Kim Lian by virtue of their interests in shares in the Company are also deemed interested in shares of all the Company’s subsidiaries to the extent the Company has an interest. None of the non-executive directors were granted any options pursuant to the ESS or awards pursuant to the LTIP during the financial year. Other statutory information Before the financial statements of the Group and of the Company were prepared, the Directors took reasonable steps: (a) to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that all known bad debts had been written off and that adequate provision had been made for doubtful debts; and (b) to ensure that any current assets which were unlikely to be realised in the ordinary course of business including the value of current assets as shown in the accounting records of the Group and of the Company have been written down to an amount which the current assets might be expected so to realise. DIRECTORS’ REPORT (CONT’D)
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