Frontken Berhad Annual Report 2018

40 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 Additional Disclosure 1. SHARE BUY-BACK At the Fourteenth Annual General Meeting held on 24 May 2018, the shareholders of the Company granted authority to the Company to purchase its own shares provided that the aggregate number of shares purchased shall not exceed 10% of the total number of issued shares of the Company at the time of purchase. =QN[N `N[N WX ][JW\JL]RXW\ LJ[[RNM X^] ^WMN[ ]QN ,XVYJWb۴\ \QJ[N K^b KJLT M^[RWP ]QN ࠰WJWLRJU bNJ[ As at 31 December 2018, the Company held 5,466,600 treasury shares out of its total number of issued shares of 1,053,435,130 ordinary shares. Such treasury shares were held at a carrying amount of RM663,237. There was no [N\JUN X[ LJWLNUUJ]RXW XO ][NJ\^[b \QJ[N\ M^[RWP ]QN ࠰WJWLRJU bNJ[ 2. AUDIT FEES AND NON-AUDIT FEES -^[RWP ]QN ࠰WJWLRJU bNJ[ ]QN J^MR] ONN\ YJRM X[ YJbJKUN Kb ]QN ,XVYJWb JWM ]QN 0[X^Y ]X X^[ Na]N[WJU J^MR]X[\ RW [N\YNL] XO J^MR] XO ]QN ࠰WJWLRJU \]J]NVNW]\ OX[ ]QN ࠰WJWLRJU bNJ[ NWMNM -NLNVKN[ ! JVX^W]NM ]X JYY[XaRVJ]NUb RM109,000 and RM545,000 respectively. =QN WXW J^MR] ONN\ YJRM X[ YJbJKUN ]X J VNVKN[ ࠰[V XO Na]N[WJU J^MR]X[\ ,[X`N 6JUJb\RJ 95= Kb ]QN ,XVYJWb JWM ]QN 0[X^Y M^[RWP ]QN ࠰WJWLRJU bNJ[ NWMNM -NLNVKN[ ! JVX^W]NM ]X JYY[XaRVJ]NUb ;6" JWM ;6 respectively. 3. MATERIAL CONTRACT There were no material contracts entered into by the Company and its subsidiaries involving the interest of the Directors JWM X[ VJSX[ \QJ[NQXUMN[\ XO ]QN ,XVYJWb NR]QN[ \]RUU \^K\R\]RWP J] ]QN NWM XO ]QN ࠰WJWLRJU bNJ[ X[ `QRLQ `N[N NW]N[NM RW]X \RWLN ]QN NWM XO ]QN Y[N_RX^\ ࠰WJWLRJU bNJ[