Wah Seong Corporation Berhad Annual Report 2021 202 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 2021 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. RM1,105,837.00 Rental of premise and related facilities Dato’ Seri Robert Tan Chung Meng is the Group Chief Executive Officer and Director of IGB Berhad (“IGB”) Group. He is also the Chairman of Wah Seong Corporation Berhad (“WSC”) Group. He is a common indirect Major Shareholder of WSC and 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 0.58% and 29.47% 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 29.47% 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 29.47%. 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%. 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 22.20% and 26.38% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in IGB are 9.85% and 19.62% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in IGB are 15.76% and 3.86% respectively. Dato’ Mohamed Nizam Bin Abdul Razak; Mohd Azlan Bin Mohammed Wasco Lindung Sdn. Bhd. Wasco Coatings Malaysia Sdn. Bhd. and its subsidiaries RM3,563,842.00 Sale/Purchase of sacrificial anodes and sub-contracting of anodes installation works and other related works Dato’ Mohamed Nizam Bin Abdul Razak is a common Director of Wasco Coatings Malaysia Sdn. Bhd. (“WCM”) and Wasco Lindung Sdn. Bhd. (“WL”) and a Major Shareholder by virtue of him holding 19.81% shares in Wasco Oilfield Services Sdn. Bhd. (“WOS”) (the intermediate holding company of WL). Mohd Azlan Bin Mohammed is a common Director of WCM and WL and a Major Shareholder by virtue of him holding 31.67% shares in WOS (the intermediate holding company of WL) and 22.61% shares in WL respectively. SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS
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