EXCEL FORCE MSC BERHAD Annual Report 2017

39 Issue of Shares and Debentures During the financial year, the Company undertook a share split involving the subdivision of every 1 existing ordinary shares into 2 new ordinary shares which involved issuance of 206,865,975 additional shares and listing of up to 103,286,156 additional warrants arising from the adjustment to the number of outstanding warrants in accordance with the provisions of the Deed Poll. The split shares were listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 21 June 2017. The new ordinary shares issued during the financial year rank pari passu in respect with the existing ordinary shares of the Company. There was no issuance of debentures during the financial year. Warrants The Warrants 2014/2019 were constituted under the Deed Poll dated 1 July 2014. As at 31 December 2017, the total number of Warrants that remained unexercised was 206,572,312. The salient terms of the Warrants are disclosed in Note 14 to the financial statements. Options Granted Over Unissued Shares No options were granted to any person to take up unissued shares of the Company during the financial year. Directors The Directors in office during the financial year until the date of this report are: Dato’ Dr. Norraesah Binti Haji Mohamad * (appointed on 10 February 2017) Wang Kuen-Chung @ Jeff Wang * Wong Kok Chau Gan Teck Ban Eng Shao Hon * Ng Kim Huat Aaron Sim Kwee Lein Lok Choon Hong The Director who held office in the subsidiary company (excluding Directors who are also Directors of the Company) during the financial year up to the date of this report is Dato’ Mohd Fauzi Bin Yaakub. * Directors of the Company and its subsidiary companies The information required to be disclosed pursuant to Section 253 of the Companies Act, 2016 is deemed incorporated herein by such reference to the financial statements of the respective subsidiary company and made a part hereof. Directors’ Report (cont’d)