Asia Media Annual Report 2017

ASIA MEDIA GROUP BERHAD Annual Report 2017 48 Directors’ Interests in Shares The interests and deemed interests in the shares of the Company and of its related corporations (other than wholly-owned subsidiary companies) of those who were Directors at financial year end (including their spouses or children) according to the Register of Directors’ Shareholdings are as follows: <-------------Number of ordinary shares -----------------> At At 1.1.2017 Bought Sold 31.12.2017 Interests in the Company Indirect Interest Dato’ Wong Shee Kai 62,127,500 - - 62,127,500 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. 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. Other Statutory Information (a) Before the financial statements of the Group and of the Company were prepared, the Directors took reasonable steps: (i) to ascertain that action had been taken in relation to the writing off of bad debts and the making of allowance for doubtful debts and satisfied themselves that there were no bad debts to be written off and no allowance for doubtful debts was required; and (ii) to ensure that any current assets which were unlikely to be realised in the ordinary course of business including the value of current assets as shown in the accounting records of the Group and of the Company have been written down to an amount which the current assets might be expected so to realise. DIRECTORS’ REPORT (cont’d)