KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT HOW WE ARE GOVERNED SHAREHOLDERS’ INFORMATION NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 FINANCIAL STATEMENTS ADDITIONAL INFORMATION OUR VALUE CREATION APPROACH 357 356 54. DIRECTORS OF SUBSIDIARIES OF THE GROUP (CONT’D.) The following is the list of Directors who served on the Boards of the subsidiaries of the Group since the beginning of the financial year to the date of the Directors’ report: (cont’d.) No Name of subsidiaries Name of Directors 9 SSSB Management Services Sdn Bhd Lem Siow Hui Vaithiyanathan A/L Madavan 10 Kenanga Management & Services Sdn Bhd Lem Siow Hui Vaithiyanathan A/L Madavan 11 Kenanga Investors Berhad Norazian Binti Ahmad Tajuddin Datuk Wira Ismitz Matthew De Alwis Luk Wai Hong, William Choy Khai Choon Norazilla Binti Md Tahir (Appointed on 2 January 2024) Imran Devindran Bin Abdullah (Retired on 30 May 2024) 12 Kenanga Islamic Investors Berhad YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Binti Tengku Ismail Datuk Wira Ismitz Matthew De Alwis Megat Mizan Nicholas Denney (alternate to YM Tan Sri Dato’ Paduka Tengku Noor Zakiah Binti Tengku Ismail) Norazian Binti Ahmad Tajuddin Raja Shahrul Azrain Bin Raja Aman (Appointed on 12 September 2024) 13 KUT Nominees (Tempatan) Sdn Bhd Datuk Lee Kok Khee Datuk Wira Ismitz Matthew De Alwis 14 KUT Nominees (Asing) Sdn Bhd Datuk Lee Kok Khee Datuk Wira Ismitz Matthew De Alwis 15 Kenanga Trustees Berhad Datuk Wira Ismitz Matthew De Alwis Cheong Boon Kak Tan Ping Ying 16 Kenanga Capital Sdn Bhd Datuk Roslan Bin Hj Tik Datuk Lee Kok Khee 17 EQ8 Capital Sdn Bhd (formerly known as i-VCAP Management Sdn Bhd) Luk Wai Hong, William Datuk Wira Ismitz Matthew De Alwis Syed Umar Bin Abdul Rahman Alhadad Norazian Binti Ahmad Tajuddin Norazilla Binti Md Tahir (Appointed on 1 August 2024) Ong Soon Chong (Appointed on 4 March 2025) Imran Devindran Bin Abdullah (Retired on 30 May 2024) 55. EQUITY COMPENSATION BENEFITS Kenanga Group’s Employees’ Share Scheme The Bank has established and implemented an ESS for the employees of the Bank and its non-dormant subsidiary companies. The ESS consists of two types of awards in the form of ESOS and ESGP. (1) ESOS Under the ESOS award, the ESS Committee may, within the period of the Scheme and at its discretion, offer to the eligible employees a certain number of ESOS options to subscribe for the Bank’s shares at the exercise prices subject to the applicable terms and conditions of the by-laws. Subject to acceptance, the participants will be vested the options which can then be exercised within a period of three years, provided that all the vesting conditions are fulfilled. Key features of the ESOS awards since the beginning of the scheme until the end of the current financial year are as follow: First offer Offer date Vesting date Number of options vested (‘000) Exercise price (RM) 2.1.2018 1.3.2018 2,218 0.575 2.1.2018 2.5.2019 13,320 0.575 2.1.2018 1.7.2020 12,231 0.575 2.1.2018 1.12.2020 224 0.575 2.1.2018 2.8.2021 16,560 0.575 2.1.2018 28.10.2021 300 0.575 Second offer Offer date Vesting date Number of options vested (‘000) Exercise price (RM) 31.5.2018 2.5.2019 3,000 0.630 31.5.2018 1.7.2020 3,000 0.630 31.5.2018 2.8.2021 4,000 0.630 Third offer Offer date Vesting date Number of options vested (‘000) Exercise price (RM) 2.5.2019 1.6.2019 386 0.605 2.5.2019 1.7.2020 1,404 0.605 2.5.2019 2.8.2021 1,325 0.605 2.5.2019 1.9.2022 1,272 0.605
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