The directors present their statement to the members together with the audited consolidated financial
statements of HG Metal Manufacturing Limited (the “Company”) and its subsidiaries (collectively, the
“Group”) and the balance sheet and statement of changes in equity of the Company for the financial year
ended 31 December 2015.
1.
OPINION OF THE DIRECTORS
In the opinion of the directors,
(a)
the consolidated financial statements of the Group and the balance sheets and statement
of changes in equity of the Company are drawn up so as to give a true and fair view of the
financial position of the Group and of the Company as at 31 December 2015 and the financial
performance, changes in equity and cash flows of the Group and changes in equity of the
Company for the year ended on that date; and
(b)
at the date of this statement there are reasonable grounds to believe that the Company will
be able to pay its debts as and when they fall due.
2.
DIRECTORS
The directors of the Company in office at the date of this statement are:
Ching Chiat Kwong
Foo Sey Liang
Low See Ching
Ng Weng Sui Harry
Kesavan Nair
Teo Yi-Dar (Zhang Yida)
In accordance with Regulation 89 of the Company’s Constitution, Teo Yi-Dar (Zhang Yida) and Ng
Weng Sui Harry retire and, being eligible, offer themselves for re-election.
3.
ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES AND DEBENTURES
Except as described in paragraph five below, 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 or
debentures of the Company or any other body corporate.
40
DIRECTORS’
STATEMENT
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
