Wah Seong Corporation Berhad Annual Report 2017

ADDITIONAL INFORMATION WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 192 B. Group Financial and/or Treasury Management Interested Related Party Lender Borrower Actual Value Transacted for the Financial Year Ended 31 December 2017 Nature of Transaction Chan Cheu Leong; Chan Wei Keat Syn Tai Hung Trading Sdn. Bhd. WDG Resources Sdn. Bhd. RM49,587,758 Utilisation of banking facilities obtained by Syn Tai Hung Trading Sdn. Bhd. from the bank(s) by WDG Resources Sdn. Bhd. ChanWei Keat is a Director of WDGResources Sdn. Bhd. and also an indirect Substantial Shareholder of WDG Resources Sdn. Bhd. He held 50% shareholding in Epilog Tegap Sdn. Bhd. which in turn holds 40% shareholding in WDG Resources Sdn. Bhd. He holds 51,497 shares in Wah Seong Corporation Berhad. Chan Wei Keat is the son of Chan Cheu Leong. Syn Tai Hung Trading Sdn. Bhd. is the immediate holding company of WDG Resources Sdn. Bhd. Chan Cheu Leong is the Managing Director/Group Chief Executive Officer and a Substantial Shareholder of 5.24% shareholding in Wah Seong Corporation Berhad via Midvest Asia Sdn. Bhd. His direct shareholding in Wah Seong Corporation Berhad is 2.59%. Chan Cheu Leong is the father of Chan Wei Keat. Note: The Interested Related Party Relationships are as per Circular to Shareholders on Proposed Renewal of Shareholders’ Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance; and Proposed New Shareholders’ Mandate for Additional Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of New Financial Assistance dated 26 April 2017 which was approved at the Annual General Meeting of Wah Seong Corporation Berhad held on 19 May 2017. SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS