Integrated Annual Report 2023 2 3 4 5 6 7 8 9 1 399 RECURRENT RELATED PARTY TRANSACTIONS The shareholders of UEM Edgenta Berhad (“UEM Edgenta” or “the Company”), at the 60th Annual General Meeting held on 15 June 2023, had granted their approval for the Company and its subsidiary companies (“UEM Edgenta Group”) to enter into recurrent related party transactions of a revenue or trading nature, which are necessary for its day-to-day operations and are in the ordinary course of business in order to comply with Paragraph 10.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). In accordance to Practice Note 12 of the MMLR of the Bursa Securities, the details of recurrent related party transactions made during the financial year ended 31 December 2023 pursuant to the shareholders’ mandate are as follows: Item Company in UEM Edgenta Group Involved Transacting Party Nature of Relationship as at the Last Practicable Date (“LPD”) Nature of Transaction Value Incurred from 1 January 2023 to 15 June 2023 RM’000 Value Incurred from 16 June 2023 to 31 December 2023 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 1 UEM Edgenta Group UEM Group Berhad (“UEMG”) and its subsidiaries (“UEMG Group”) Khazanah Nasional Berhad (“Khazanah”) is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. Dato’ Mohd Izani Ghani and Mohd Asrul Ab Rahim are directors of UEM Edgenta and UEMG. Dato’ Mohd Izani Ghani and Mohd Asrul Ab Rahim do not have any equity interest in UEMG. Provision of directors and staff training and development by UEMG Group. - - - Provision of administrative and audit and tax services by UEMG Group. - - - Rental of office space in Tower 1, Avenue 7, Bangsar South and ancillary facilities from UEMG Group. 3,809 5,333 9,142 Rental of archive store at Taman Desa and ancillary facilities from UEMG Group. - - - Rental of training space at UEM Learning Centre, Petaling Jaya from UEMG Group. 374 500 874 Rental of office area at Petaling Jaya from UEMG Group. 158 - 158 Payment of annual nomination fee to UEMG. 4,583 5,417 10,000 Provision of building maintenance works to UEMG Group. - - - Provision of services to UEMG Group as follows: (i) proposed provision of vehicle screening services for projects developed; (ii) design and project management fees for projects; (iii) provision for soil investigation, instrumentation, material testing, environmental and pavement condition assessment works for infrastructure projects; and/or (iv) provision of energy management services. - - - Pavement, civil, mechanical, electrical and electronic (“MEE”) works, utilities relocation and traffic management works for UEMG Group. - - -
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