ST Engineering Annual Report 2020

DIRECTORS' STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) We are pleased to submit this annual report to the members of the Company together with the audited financial statements of the Group for the financial year ended 31 December 2020 and the balance sheet of the Company as at 31 December 2020. In our opinion: (a) the consolidated financial statements of the Group and the balance sheet of the Company set out on pages 148 to 285 are drawn up so as to give a true and fair view of the financial position of the Group and of the Company as at 31 December 2020, and changes in equity, financial performance and cash flows of the Group for the year ended on that date in accordance with the provisions of the Singapore Companies Act, Chapter 50 and Singapore Financial Reporting Standards (International); and (b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. The Board of Directors has, on the date of this statement, authorised these financial statements for issue. DIRECTORS The directors of the Company in office at the date of this statement are as follows: Kwa Chong Seng (Chairman) Vincent Chong Sy Feng Joseph Leong Weng Keong Lim Ah Doo Lim Chin Hu Lim Sim Seng Ng Bee Bee (May) (Appointed on 1 June 2020) LG Ong Su Kiat Melvyn Quek Gim Pew Quek See Tiat Song Su-Min COL Xu Youfeng (Alternate Director to LG Ong Su Kiat Melvyn) ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES OR DEBENTURES Except for the Singapore Technologies Engineering Performance Share Plan 2010 (PSP2010), the Singapore Technologies Engineering Performance Share Plan 2020 (PSP2020), the Singapore Technologies Engineering Restricted Share Plan 2010 (RSP2010) and the Singapore Technologies Engineering Restricted Share Plan 2020 (RSP2020 and collectively, the ST Engineering Share Plans), neither at the end of nor at any time during the financial year was the Company a party to any arrangement whose objects are, or one of whose object is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares in or debentures of the Company or any other body corporate. CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT 12 7 ANNUAL REPORT 2 0 2 0 /