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TEHO INTERNATIONAL INC LTD.
Annual Report 2015
DIRECTORS’
REPORT
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 30 June 2015.
DIRECTORS
The directors in office at the date of this report are as follows:
Lim See Hoe
Lim Siew Cheng
Kwah Thiam Hock
Joanne Khoo Su Nee
Oo Cheong Kwan Kelvyn
(Appointed on 1 January 2015)
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:
Name of director and corporation in which
At beginning
At end
interests are held
of the year
of the year
The Company
Ordinary shares fully paid
Lim See Hoe
56,497,578
57,247,578
Lim Siew Cheng
23,100,155
23,100,155
By virtue of section 7 of the Act, Mr Lim See Hoe is deemed to have an interest in all the related
corporations of 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, warrants or share options of the Company, or of related
corporations, either at the beginning of the financial year, or date of appointment, if later, or at the
end of the financial year.
The directors’ interests as at 21 July 2015 were the same as those 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 or debentures in the Company or any other body
corporate.
Except as disclosed in note 25 to the financial statements, since the end of the last financial year,
no director has received or become entitled to receive, a benefit by reason of a contract made by
the Company or a related corporation with the director, or with a firm of which he is a member, or
with a company in which he has a substantial financial interest.
PERFORMANCE SHARE PLAN
The Company’s performance share plan, TEHO Performance Share Plan (the “PSP”), was
approved and adopted by the shareholders at the Company’s Extraordinary General Meeting
held on 25 November 2011. The PSP is administered by the Remuneration Committee (“RC”)
with such discretion, powers and duties as are conferred on it by the Board of Directors.
The PSP contemplates the award of fully-paid shares in the capital of the Company to participants
after certain pre-determined benchmarks have been met. The Company believes that the PSP
will be more effective and rewarding than pure cash bonuses in motivating employees to work
towards pre-determined goals of the Company.
The PSP shall continue to be in force at the discretion of the RC, subject to a maximum period
of 10 years commencing from its adoption by the shareholders and may continue beyond the
stipulated period with the approval of the shareholders by an ordinary resolution in general
meeting and of any relevant authorities which may then be required.
