Tropicana Corporation Berhad Annual Report 2018

ANNUAL REPORT 2018 87 WHAT WE’VE GOVERNED FINANCIAL STATEMENTS OTHER INFORMATION ADDITIONAL COMPLIANCE INFORMATION The information set out below is disclosed in compliance with the Main Market Listing Requirements (“ MMLR ”) of Bursa Malaysia Securities Berhad (“ Bursa Securities ”):- 1) STATUS OF UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSAL Tropicana Corporation Berhad ( “Company ”) did not raise and did not have any balance of any proceeds from any corporate proposals during the financial year ended 31 December 2018 (“ FY2018 ”). 2) AUDIT AND NON-AUDIT FEES (a) The amount of audit fees paid or payable to the Company’s external auditors for the FY2018 were as follows:- • Incurred by the Company: RM125,000 • Incurred on a group basis: RM986,750 (b) The amount of non-audit fees paid or payable to the Company’s external auditors, or a firm or corporation affiliated to the auditors’ firm, for the FY2018 were as follows:- • Incurred by the Company: RM7,350 • Incurred on a group basis: RM57,800 3) MATERIAL CONTRACTS INVOLVING DIRECTORS AND MAJOR SHAREHOLDERS Save as disclosed, there were no other material contracts (not being contracts entered into in the ordinary course of business) entered into by the Company and/or its subsidiaries involving directors’ and major shareholders’ interests during the financial year ended 31 December 2018:- • A conditional share sale agreement dated 14 September 2018 between the Company and Tan Sri Dato’ Tan Chee Sing (“ TSDT ”), Dato’ Dickson Tan Yong Loong (“ DDT ”), Mr Dillon Tan Yong Chin (“ DTYC ”) and Ms Diana Tan Sheik Ni (“ DTSN ”) to acquire 501,000 ordinary shares representing 50.1% of the total paid-up capital in Peluang Duta Sdn Bhd (“ PDSB ”) for a purchase consideration of approximately RM49.05 million to be fully satisfied by cash. Relationship of Related Parties (a) TSDT is a major shareholder and director of PDSB, a company not within the Company and its subsidiaries. TSDT is also a major shareholder in the Company; (b) DDT is a shareholder and director of PDSB. DDT is also a director and Deputy Group Chief Executive Officer of the Company; (c) DTYC is a shareholder and director of PDSB. DTYC is also a director of certain subsidiary companies of the Company; (d) DTSN is a shareholder and director of PDSB. DTSN is also a director of certain subsidiary companies of the Company; (e) Dion Tan Yong Chien (“ DT ”) is a director of PDSB. DT is also the Group Managing Director of the Company; and (f) DDT, DTYC, DTSN and DT are children of TSDT.