Directors’ Report
Year ended 31 December 2014
TIH Limited
8
TIH Limited
We are pleased to submit this annual report to the Members of the Company together with the audited financial
statements for the financial year ended 31 December 2014.
Directors
The Directors of the Company in office at the date of this report are as follows:
Kin Chan
(Chairman, Non-Executive Director)
Cheong Kok Yew (Stanley)
(Deemed Executive Director)
Vince Feng
(Independent Director)
Liong Tong Kap
(Independent Director)
Li Yick Yee Angie
(Non-Executive Director)
Daniel Budiman
(Independent Director)
Directors’ interests
According to the register kept by the Company for the purposes of Section 164 of the Singapore Companies
Act, Chapter 50 (the Act), particulars of interests of Directors who held office at the end of the financial year
(including those held by their spouses and infant children) in shares, debentures, warrants and share options in
the Company and in related corporations (other than wholly-owned subsidiaries) are as follows:
Directors’ interests in shares
Holdings registered in
name of Director
Holdings in which Director
is deemed to have an interest
At beginning
of the year
At end
of the year
At beginning
of the year
At end
of the year
Name of Directors
Kin Chan
–
–
130,952,982
129,011,216
Li Yick Yee Angie
–
–
130,952,982
129,011,216
There were no changes in any of the above mentioned interests in the Company between the end of the financial
year and 21 January 2015.
Warrants
During the financial year, through a bonus warrants issue, the Company issued 702,942,318 bonus warrants to be
exercised over two different exercise periods. The first exercise period was from 19 May 2014 to 19 November
2014 and the second exercise period will be from 19 May 2016 to 19 May 2017. The exercise price for each
bonus warrant was $1.28 during the first exercise period and will be $2.28 during the second exercise period.
