DIRECTORS’
STATEMENT
43
GDS Global Limited Annual Report 2015
3
DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES (cont’d)
By virtue of Section 7 of the Singapore Companies Act, Wong Lok Yung is deemed to have an
interest in all the related corporations of the Company.
The directors’ interests in the shares of the Company at 21 October 2015 were the same at
30 September 2015.
4
SHARE OPTIONS
(a)
Options to take up unissued shares
During the financial year, no options to take up unissued shares of the Company or any
corporation in the Group were granted.
(b)
Options exercised
During the financial year, there were no shares of the Company or any corporation in the
Group issued by virtue of the exercise of an option to take up unissued shares.
(c)
Unissued shares under options
At the end of the financial year, there were no unissued shares of the Company or any
corporation in the Group under options.
5
AUDIT COMMITTEE
The Audit Committee of the Company, consisting all independent non-executive directors, is as
follows:
Wu Chiaw Ching – Chairman
Goh Boon Kok – Member
Pebble Sia Huei-Chieh – Member
The Audit Committee will meet periodically to perform the following functions:
(a)
review the audit plans of the Company’s external auditors and internal auditors, including the
results of the external and internal auditors’ review and evaluation of the system of internal
controls;
(b)
review the external auditors’ reports;
(c)
review with independent internal auditors the findings of their review report, internal control
processes and procedures, and make recommendations on the internal control processes
and procedures to be adopted by the Group;
(d)
review and recommend to the board of directors (the “Board”) the types of risks or risk
appetite the Company undertakes to achieve its business strategies. Oversee the risk
management framework, policies and resources to manage and report risks within the
Company’s risk appetite;
