Annual Report 2019

FAR EAST CONSORTIUM INTERNATIONAL LIMITED 124 DIRECTORS’ REPORT PERMITTED INDEMNITY PROVISION Subject to the applicable laws, every director of the Company and its Subsidiaries shall be entitled to be indemnified by the relevant company against all costs, fees, losses, expenses and liabilities incurred by him or her in the course of his or her duties or in relation thereto pursuant to their respective articles of associations. Such provisions were in force during the course of the Year and remained in force as at the date of this report. DIRECTORS The Directors during the Year and up to the date of this report were: Executive Directors Tan Sri Dato’ David CHIU (Chairman and Chief Executive Officer) Mr. Cheong Thard HOONG Mr. Dennis CHIU Mr. Craig Grenfell WILLIAMS Ms. Wing Kwan Winnie CHIU (Appointed on 3 June 2019) Independent Non-executive Directors Mr. Kwok Wai CHAN Mr. Peter Man Kong WONG (Deceased on 11 March 2019) Mr. Kwong Siu LAM Mr. Lai Him Abraham SHEK (Appointed on 3 June 2019) Pursuant to the provisions of the Articles and the Listing Rules, Mr. Cheong Thard HOONG, Mr. Craig Grenfell WILLIAMS, Mr. Kwong Siu LAM, Ms. Wing Kwan Winnie CHIU and Mr. Lai Him Abraham SHEK shall retire at the 2019 AGM and are eligible to offer themselves for re-election in the 2019 AGM. MANAGEMENT CONTRACTS No contract concerning the management and administration of the whole or any substantial part of the business of the Group were entered into or existed during the Year. DIRECTORS’ SERVICE CONTRACTS None of the Directors proposed for re-election at the 2019 AGM has a service contract which is not determinable by the Group within one year without payment of compensation (other than statutory compensation). DIRECTORS’ INTERESTS IN TRANSACTIONS, ARRANGEMENTS OR CONTRACTS OF SIGNIFICANCE Save as disclosed in the section headed “Connected Transactions”, no transaction, arrangement or contract of significance to which the Company or any of its Subsidiaries was a party and in which a Director nor a connected entity of a Director had a material interest, whether directly or indirectly, subsisted at the end of the Year or at any time during the Year. DIRECTORS’ INTERESTS IN COMPETING BUSINESS During the Year and up to the date of this report, none of the Directors (not being the Independent Non-executive Directors) are considered to have interests in the businesses which compete or are likely to compete with the businesses of the Group pursuant to the Listing Rules.