Wah Seong Corporation Berhad Annual Report 2020

193 ANNUAL REPORT 2020 A. Transactions of A Revenue or Trading in Nature Interested Related Party Provider of Products/ Services Recipient of Products/ Services Actual Value Transacted for the Financial Year Ended 31 December 2020 Nature of Transaction Dato’ Seri Robert Tan Chung Meng; Pauline Tan Suat Ming; Tony Tan Choon Keat; Tan Chin Nam Sendirian Berhad; Tan Kim Yeow Sendirian Berhad; Wah Seong (Malaya) Trading Co. Sdn. Bhd. IGB Berhad Group of companies Wasco Management Services Sdn. Bhd. RM1,118,900.00 Rental of premise and related facilities Dato’ Seri Robert Tan Chung Meng is the Group Chief Executive Officer and Director of IGB Berhad Group. He is also a Director of Wah Seong Corporation Berhad Group. He is a common indirect Major Shareholder of Wah Seong Corporation Berhad (“WSC”) and IGB Berhad (“IGB”). His total direct and indirect shareholdings in WSC are 1.54% and 40.30% respectively. His total direct and indirect shareholdings in IGB are 0.32% and 29.80% respectively. Pauline Tan Suat Ming is a common indirect Major Shareholder of WSC and IGB. Her indirect shareholding in WSC is 40.58%. Her total direct and indirect shareholdings in IGB are 0.04% and 29.80% respectively. Tony Tan Choon Keat is a common indirect Major Shareholder of WSC and IGB. His indirect shareholding in WSC is 40.30%. His indirect shareholding in IGB is 29.80%. Tony Tan Choon Keat is the father of Tan Jian Hong, Aaron, a Director of WSC. Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd. are common Major Shareholders of WSC and IGB. Tan Chin Nam Sendirian Berhad’s total indirect shareholdings in WSC is 33.33% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in WSC are 6.98% and 33.33% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in WSC are 32.99% and 0.34% respectively. Tan Chin Nam Sendirian Berhad’s total direct and indirect shareholdings in IGB are 25.60% and 23.59% respectively. Tan Kim Yeow Sdn. Bhd.’s total direct and indirect shareholdings in IGB are 9.99% and 19.80% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in IGB are 15.99% and 3.81% respectively. SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS