Directors’ Statement We are pleased to submit this annual report to the member of Perennial Holdings Private Limited (the “Company”) and its subsidiaries (the “Group”) together with the audited financial statements for the financial year ended 31 December 2023. In our opinion: (a) the financial statements set out on pages 151 to 217 are drawn up so as to give a true and fair view of the consolidated financial position of the Group and the financial position of the Company as at 31 December 2023 and the consolidated financial performance, consolidated changes in equity and consolidated cash flows of the Group for the year ended on that date in accordance with the provisions of the Companies Act 1967 (the “Companies Act”) and Singapore Financial Reporting Standards (International); and (b) at the date of this statement and as disclosed in note 2, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. The Board of Directors has, on the date of this statement, authorised these financial statements for issue. DIRECTORS The directors in office at the date of this statement are as follows: Pua Seck Guan Ron Sim Fang Fenglei Kuok Khoon Hong Teo La-Mei Lim Sze Han (Alternate Director to Fang Fenglei) (Appointed on 14 July 2023) ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES Except as disclosed under the ‘Directors’ interests in shares or debentures’ section of this statement, neither at the end of, nor at any time during the financial year, was the Company a party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. 146 PERENNIAL HOLDINGS PRIVATE LIMITED
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