Tropicana Corporation Berhad Annual Report 2023

'*" SIGNIFICANT#RELATED#PARTY#TRANSACTIONS#(CONT’D") In!addition!to!the!related!party!information!disclosed!elsewhere!in!the!financial!statements&!the!following!significant!transactions!between! the!Group!and!the!related!parties!took!place!at!terms!agreed!between!the!parties!during!the!financial!year)!(cont’d') (c) Transactions#with#entities#related#to#Tan#Sri#Dato’#Tan#Chee#Yioun#(“Tan#Sri#Vincent#Tan”)/#who#is#the#brother#of#Tan#Sri#Dato’# Tan#Chee#Sing +"+$! +"++! RM’""" RM’""" Group Rental!income!receivable.received !,#'! !$&"%+! Telephone!charges!payable.paid !(+) !(") Insurance!charges!payable.paid !())#) !($&#$$) Company Telephone!charges!payable.paid !(#) !($) Insurance!charges!payable.paid –! !(",) (d) Transactions#with#Dion#Tan#Yong#Chien#(Director#and#shareholder#of#the#Company) +"+$! +"++! RM’""" RM’""" Group Advances!to!the!Group !!,%'""!! !–!! (e) Sale#of#development#properties# +"+$! +"++! RM’""" RM’""" Group Sales!of!development!properties!to!certain!directors!of!subsidiaries !#%)&&! !$1&/0$!! The!directors!are!of!the!opinion!that!all!the!above!transactions!were!entered!into!in!the!normal!course!of!business!and!have!been! established!under!terms!that!are!no!less!favourable!than!those!obtainable!in!transactions!with!unrelated!parties' Information!regarding!outstanding!balances!arising!from!related!party!transactions!as!at!+$!December!"#"+!and!+$!December!"#""!are! disclosed!in!Note!"+(b)(ii)!and!Note!++(b)(iii)' 283 FINANCIAL STATEMENTS & OTHER INFORMATION

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