Page 32 - ar2011

Report of the Directors

30

Sunpower Group Ltd.

The directors present their report together with the audited consolidated fnancial statements of the Group and

the audited statement of fnancial position and statement of changes in equity of the Company for the fnancial

year ended December 31, 2011.

1

DIRECTORS

The directors of the Company in offce at the date of this report are:

Guo Hong Xin

Li Lai Suo

Ma Ming

Jiang Ning

Lau Ping Sum Pearce

Chin Sek Peng

2

ARRANGEMENTS TO ENABLE DIRECTORS TO ACQUIRE SHARES OR

DEBENTURES

Neither at the end of the fnancial year nor at any time during the fnancial year did there subsist any

arrangement whose object is to enable the directors of the Company to acquire benefts by means of the

acquisition of shares or debentures in the Company or any other body corporate.

3

DIRECTORS’ INTERESTS IN SHARES AND DEBENTURES

The directors of the Company holding offce at the end of the fnancial year had no interests in the share

capital and debentures of the Company and related corporations except as follows:

Name of directors and companies

in which interests are held

At

January 1,

2011

At

December 31,

2011

At

January 21,

2012

Interest in Sunpower Group Ltd.

Ordinary shares of US$0.01 each

Guo Hong Xin

73,440,661

–

Guo Hong Xin (deemed interest)

2,847,322

76,287,983

Li Lai Suo

66,154,120

Li Lai Suo (deemed interest)

2,943,198

Ma Ming

53,977,927

–

Ma Ming (deemed interest)

3,135,239

57,113,166

4

DIRECTORS’ RECEIPT AND ENTITLEMENT TO CONTRACTUAL BENEFITS

Since the beginning of the fnancial year, no director has received or become entitled to receive a beneft

by reason of a contract made by the Company or a related corporation with the director or with a frm

of which he is a member, or with a company in which he has a substantial fnancial interest, except as

disclosed in the fnancial statements.