Dagang NeXchange Berhad Annual Report 2019

DIRECTORS’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2019 (CONTINUED) DAGANG NeXCHANGE BERHAD 100 DIRECTORS’ INTERESTS (CONTINUED) Number of options over ordinary shares At Exercised/ At 1.1.2019 Granted Lapsed 31.12.2019 Interests in the Company: Datuk Samsul Husin 1,250,000 - - 1,250,000 Zainal ‘Abidin Abd Jalil 2,250,000 - (2,250,000) - Dato’ Wong Kam Yin 1,500,000 - - 1,500,000 None of the other Directors holding office at 31 December 2019 had any interest in the ordinary shares and options over shares of the Company and of its related corporations during the financial year. DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Company has received nor become entitled to receive any benefit (other than a benefit included in the aggregate amount of remuneration received or due and receivable by Directors as shown in the financial statements or the fixed salary of a full time employee of the Company or of related corporations) by reason of a contract made by the Company or a related corporation with the Director or with a firm of which the Director is a member, or with a company in which the Director has a substantial financial interest except for any benefits which may be deemed to arise from transactions entered into in the ordinary course of business with companies in which certain directors have substantial financial interests as disclosed in Note 34 to the financial statements. There were no arrangements during and at the end of the financial year which had the object of enabling Directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate apart from the issue of the Employee Share Option Scheme (“ESOS”). DIRECTORS’ REMUNERATION The details of the directors’ remuneration paid or payable to the Directors of the Group and of the Company during the financial year are disclosed in Note 34 to the financial statements. INDEMNITY AND INSURANCE COSTS During the financial year, Directors and Officers of the Company and its subsidiaries are covered under the Directors and Officers Liability Insurance Policy in respect of liabilities arising from acts committed in their respective capacity as, inter alia, Directors and Officers of the Group subject to the terms of the Policy. The total amount of indemnity coverage and insurance premium paid for the Directors and certain Officers of the Company and of the Group were RM15,000,000 and RM16,122 respectively.