35
Annual Report 2015
TEHO INTERNATIONAL INC LTD.
Name of interested person
Aggregate value of
all interested person
transactions during
FY2015 (excluding
transactions less than
$100,000 and transactions
conducted under
shareholders’ mandate
pursuant to Rule 920)
Aggregate value of
all interested person
transactions conducted
under shareholders’
mandate pursuant to
Rule 920 (excluding
transactions less than
$100,000)
FY2015
FY2014
FY2015
FY2014
Asdev Investments Pte. Ltd.
- Rental of office space
(1)
$314,112 $306,090
-
-
Note:
(1)
Annual rental pursuant to the Lease Agreement dated 1 August 2013 entered into between TEHO
Ropes & Supplies Pte. Ltd., the wholly owned subsidiary of the Company and Asdev Investments
Pte. Ltd. (where Mr Lim See Hoe, a director and controlling shareholder of the Company is the sole
director and shareholder) for taking a lease in respect of the property located at 1 Commonwealth
Lane #09-23/24/25/26 One Commonwealth Singapore 149544. The term of the Lease Agreement
is 3 years.
The Board confirms that the above interested person transaction was entered into on an arm’s
length basis and on normal commercial terms and is not prejudicial to the interests of the
shareholders.
Audit and Non-Audit Fees
During FY2015, the aggregate amount of fees paid or payable to the External Auditors for the
audit and non-audit services amounted to $246,000 and $19,500 respectively.
For the purposes of good governance and Rule 1204(6)(b) of the Catalist Rules, the AC has
undertaken a review of the fees and expenses payable to the External Auditors for all non-audit
services in FY2015. The non-audit services performed by the External Auditors for FY2015 are
not services prohibited by the rules and in the AC’s opinion would not affect the objectivity and
independence of the External Auditors.
Non-Sponsor Fees
With respect to Rule 1204(21) of the Catalist Rules, there was no non-sponsor fee paid to the
Sponsor, SAC Capital Private Limited, for FY2015.
Material Contracts and Loans
Pursuant to Rule 1204(8) of the Catalist Rules, the Company confirms that except as disclosed
in the “Directors’ Report” section of this annual report and the audited financial statements, there
were no other material contracts and loans of the Company and its subsidiaries involving the
interests of the CEO or any director or controlling shareholder, either still subsisting at the end of
the financial year or if not then subsisting, which were entered into since the end of the previous
financial year.
REPORT OF
CORPORATE GOVERNANCE
