EXCEL FORCE MSC BERHAD Annual Report 2020

EXCEL FORCE MSC BERHAD - ANNUAL REPORT 2020 43 DIRECTORS’ INTERESTS IN SHARES The interests anddeemed interests in the sharesof theCompanyandof its relatedcorporations (other thanwholly-owned subsidiary companies) of those who were Directors at financial year end according to the Register of Directors’ Shareholdings are as follows: Number of ordinary shares At 1.1.2020 Bought Sold At 31.12.2020 Interests in the Company Direct interests Dato’ Dr Norraesah binti Haji Mohamad 460,000 - - 460,000 Wong Thean Soon 36,477,800 41,000,000 6,500,000 70,977,800 Wong Kok Chau 6,000 - - 6,000 Gan Teck Ban 1,350,000 - - 1,350,000 Indirect interests Wong Thean Soon (1) 139,727,400 6,500,000 39,000,000 107,227,400 Note: (1) Deemed interests pursuant to Section 8 of the Companies Act 2016 in Malaysia by virtue of his shareholdings in Asia Internet Holdings Sdn. Bhd., a company incorporated in Malaysia. None of the other Directors in office at the end of the financial year had any interest in shares in the Company or its related corporations during the financial year. DIRECTORS’ BENEFITS Since the end of the previous financial year, no Director of the Company has received or become entitled to receive a benefit (other than a benefit included in the aggregate amount of remuneration received or due and receivable by Directors as shown in Note 33(c) to the financial statements) by reason of a contract made by the Company or a related corporations 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, other than Director who have significant financial interests in companies which traded with certain companies in the Group in the ordinary course of business and consultancy fee received/receivable by the Directors as disclosed in Note 33(b) to the financial statements. Neither during nor at the end of the financial year, was the Company a party to any arrangement whose object was to enable the Directors to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate. INDEMNITY AND INSURANCE COSTS There was no indemnity given to or insurance effected for any Directors, officers and auditors of the Company in accordance with Section 289 of the Companies Act 2016 in Malaysia. DIRECTORS’ REPORT (CONT’D)