Kimlun Corporation Berhad Annual Report 2018

Utilisation of Proceeds Raised From Corporate Proposal Net proceeds raised from the Dividend Reinvestment Plan (“DRP”) during FY2018 (after deducting estimated expenses of the DRP) had been fully utilised to fund general working capital of the Group. Non-Audit Fees During FY2018, non-audit fees incurred for services rendered to the Company and/or its subsidiaries by the Company’s external auditors, or a firm affiliated to the external auditors were as follows: Audit Fee Non-audit Fee Company RM33,000 RM15,300 Group RM136,500 RM82,857 The non-audit fees were incurred mainly for corporate tax computation and submission services rendered to the Group by a firm affiliated to the external auditors. Material Contracts Save as disclosed under Note 28 to the financial statements contained in this Annual Report, there were no material contracts including contracts relating to any loans entered into by the Company and its subsidiaries involving Directors and major shareholders’ interest, either still subsisting at the end of FY2018 or entered into since the end of the previous financial year. Recurrent Related Party Transactions of Revenue and Trading Nature (“RRPT”) The Company had at the 9th AGM of the Company held on 22 June 2018 obtained shareholders’ mandate for the Group to enter into RRPT, which are necessary for its day-to-day operations and are in the ordinary course of business with related parties. The shareholders’ mandate shall lapse at the conclusion of the Company’s forthcoming AGM. The Company intends to seek a renewal of the shareholders’ mandate for the RRPT at the Company’s forthcoming AGM. The details of the mandated RRPTs transacted during FY2018 are as follows: Value Interested Directors Subsidiaries Transacting Categories of transacted and Major involved Parties transactions RM’000 Shareholders Kimlun Sdn Bhd Scudai Development Provision of construction 27,466 Pang Tin @ Pang Yon Tin^, (“KLSB”) Sdn Bhd (“SD”) services by KLSB to SD his spouse and children for construction of buildings collectively hold 90% and infrastructure interest in SD. Pang Khang Hau* holds 7.5% interest in SD. Pang Chew Ngo# is also deemed interested by virtue of their family relationship to Pang Tin @ Pang Yon Tin. Phin Sdn Bhd (“Phin”) is deemed interested by virtue of Pang Tin @ Pang Yon Tin’s interest in Phin∞ pursuant to Section 8 of the Companies Act 2016 (“the Act”). Annual Report 2018 42 ADDITIONAL COMPLIANCE INFORMATION DISCLOSURES