OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX Directors’ Statement DIRECTORS’ INTERESTS IN SHARES OR DEBENTURES According to the register kept by the Company for the purposes of Section 164 of the Companies Act, particulars of interests of directors who held office at the end of the financial year (including those held by their spouses and children) in shares, debentures, and share options in the Company and in related corporations (other than wholly-owned subsidiaries) are as follows: Holdings registered in the name of directors Holdings in which directors are deemed to have an interest Name of director At beginning of the year At end of the year At beginning of the year At end of the year Immediate holding company Perennial Group Private Limited Ordinary shares Kuok Khoon Hong(1) – – 607,031,816 607,031,816 Ron Sim(2) – – 256,711,699 256,711,699 Fang Fenglei(3) – – 292,009,385 292,009,385 Pua Seck Guan(4) – – 172,927,594 172,927,594 The Company $33.5 million 2-year 5.60% Fixed Rate Notes due 2024 Kuok Khoon Hong(5) – – 33,500,000 33,500,000 $44.25 million 2-year 6.50% Fixed Rate Notes due 2024 Kuok Khoon Hong(6) – – 36,750,000 36,750,000 Ron Sim 5,000,000 5,000,000 – – Pua Seck Guan 2,500,000 2,500,000 – – Notes: (1) Mr Kuok Khoon Hong’s deemed interest in the shares arises from his shareholdings in HPRY Holdings Limited (“HPRY”), Hong Lee Holdings (Pte) Ltd, Longhlin Asia Limited, Kuok Hock Swee & Sons Sdn Bhd, KHS (Hong Kong) Limited, Jaygar Holdings Limited, KMH Investments Limited and KPW Investments Limited. (2) Mr Ron Sim’s deemed interest in the shares arises from his shareholdings in V3 Assets Pte. Ltd. (3) Mr Fang Fenglei’s deemed interest in the shares arises from his deemed interest in Beaufort Investment Global Company Limited. (4) Mr Pua Seck Guan’s deemed interest in the shares arises from his shareholdings in PSG Holdings Pte. Ltd.. (5) The deemed interest of Mr Kuok Khoon Hong in the Company’s 2-Year 5.60% Notes due 2024 arises from his shareholdings in HPRY. (6) The deemed interest of Mr Kuok Khoon Hong in the Company’s 2-Year 6.50% Notes due 2024 arises from his shareholdings in HPRY. By virtue of Section 7 of the Companies Act, Mr Kuok Khoon Hong is deemed to have an interest in the shares of all the subsidiaries to the extent held by the Company. Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares, debentures or share options of the Company, or of related corporations, either at the beginning of the financial year, or at the date of appointment if later, or at the end of the financial year. Neither at the end of the financial year nor at any time during the financial year, was the Company a party to any arrangement whose object 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. 147 ANNUAL REPORT 2023
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