89 CORPORATE GOVERNANCE ADDITIONAL COMPLIANCE INFORMATION 1. STATUS OF CORPORATE PROPOSALS AND UTILISATION OF PROCEEDS Private Placement and Utilisation of Proceeds On 5 July 2024, the Company completed the Private Placement of 13,491,800 ordinary shares at an issue price of RM0.65 per placement share. The Company raised RM8.769 million in proceeds from this placement exercise. The proceeds from this exercise were utilised to part finance the special survey of its oil/chemical tanker, Ratu ENRA. The details of the utilisation of the proceeds as at 12 July 2024 are as follows: Intended (Over)/ timeframe Proposed Actual unutilised for utilisation utilisation# amounts Utilization of proceeds utilisation* (RM) (RM) (RM) Special survey of the oil/ chemical tanker Within 1 month 8,660,457.48 5,076,443.38 3,584,014.10 Estimated expenses for the Proposed Private Placement Within 1 month 109,212.52 120,012.52 (10,800.00) Total 8,769,670.00 5,196,455.90 3,573,214.10 Notes: * From 5 July 2024 (being the date of completion of the Private Placement). # from 5 July 2024 to 12 July 2024. 2. AUDIT AND NON-AUDIT FEES The amount of remuneration received and receivable by the Company’s auditors, or a firm or corporation affiliated to the Company’s auditors for services rendered to the Group and the Company for the financial year under review are as follows: Group Company RM’000 RM’000 Statutory Audit Fees: By the Company’s auditors 261 60 Non-Audit Fees: By the Company’s auditors 18 6 By affiliated company of the Company’s auditors (tax-related) 78 18 96 24 Total 357 84 The non-audit fees are for recurring permissible services comprises tax compliance fees, transfer pricing documentation preparation, review of Statement of Risk Management and Internal Control and half yearly financial statement reviews.
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