Sasbadi Annual Report 2021

55 ANNUAL REPORT 2021 ADDITIONAL COMPLIANCE INFORMATION EMPLOYEES’ SHARE OPTION SCHEME (“ESOS”) The Company has implemented an ESOS of up to ten percent (10%) of the Company’s total number of issued shares (excluding treasury shares, if any) for the eligible employees and Executive Directors of the Group (i.e. Sasbadi Holdings and our subsidiaries) effective from 1 September 2016 for a duration of five (5) years, expiring on 31 August 2021. On 17 February 2021, the Board of Directors has approved the extension of the ESOS for a further period of five (5) years to 31 August 2026. The Company had on 6 December 2019, offered 10,000,000 options at an exercise price of RM0.17 each to its eligible employees under ESOS. These options have expired on 5 December 2020 and none of the options granted were exercised. On 17 February 2021, the Company had offered another 10,000,000 options at an exercise price of RM0.12 each to its eligible employees under the ESOS. These ESOS will be exercisable within one (1) year from the date of offer. As at end of the financial year ended (“FYE”) 31 August 2021, 5,075,000 options granted under this tranche have been exercised. The total number of outstanding ESOS options as at FYE 31 August 2021 was 4,925,000. In accordance with the By-Laws of the ESOS, not more than 80% of the options available under the ESOS shall be allocated, in aggregate to the Executive Directors and senior management. The total ESOS options granted to the senior management represents 32.50% and 38.75% of the total ESOS options granted during the FYE 31 August 2021 and since the commencement of the ESOS respectively. There were no options offered to any Director of the Company in respect of FYE 31 August 2021 and since commencement of the ESOS. AUDIT AND NON-AUDIT FEES The amount of audit and non-audit fees incurred by the Company and the Group for services rendered by the external auditors or a firm or corporation affiliated to the external auditors to the Company and the Group during the FYE 31 August 2021 are as follows: Company Group Audit services – BDO PLT Non-audit services RM’000 60 8 RM’000 267 8 The non-audit services provided by the external auditors were in relation to the review of the Statement on Risk Management and Internal Control. MATERIAL CONTRACTS INVOLVING DIRECTORS AND/OR MAJOR SHAREHOLDERS There were no material contracts entered into by the Company and/or our subsidiaries involving the interest of Directors and/or major shareholders, either subsisting at the end of the FYE 31 August 2021 or entered into since the end of the previous financial year. RECURRENT RELATED PARTY TRANSACTIONS There were no recurrent related party transactions entered into by the Group during the FYE 31 August 2021. UTILISATION OF PROCEEDS No proceeds were raised from any corporate proposals during the FYE 31 August 2021.