SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS A. Group Financial and/or Treasury Management Interested Related Party Lender Borrower Actual Value Transacted for the Financial Year Ended 31 December 2022 Nature of Transaction Chan Cheu Leong; Chan Wei Keat; Goh Eng Hooi Syn Tai Hung Trading Sdn. Bhd. WDG Resources Sdn. Bhd. 35,000,000 Guarantee granted to undertake outstanding amount owing by WDG Resources Sdn. Bhd. in the event that WDG Resources Sdn. Bhd. failed to settle any debts owing to the suppliers and/or banks Syn Tai Hung Trading Sdn. Bhd. (“STHT”) is the immediate holding company of WDG Resources Sdn. Bhd. (“WDG”). Goh Eng Hooi is a Director of STHT. Goh Eng Hooi is a Substantial Shareholder of 33.33% shareholding in Epilog Tegap Sdn. Bhd. (“ETSB”) via Go Hotels Sdn. Bhd. and in turn ETSB holds 40% shareholding in WDG. Chan Wei Keat is a Director of WDG and holds 51,754 shares in Wah Seong Corporation Berhad (“WSC”). Chan Wei Keat is the son of Chan Cheu Leong. Chan Wei Keat is a Director of ETSB and a Substantial Shareholder of 33.33% shareholding in ETSB via Midvest Asia Sdn. Bhd. (“MASB”) and in turn ETSB holds 40% shareholding in WDG. Chan Cheu Leong is a Substantial Shareholder of 33.33% shareholding in ETSB via MASB and in turn ETSB holds 40% shareholding in WDG. Chan Cheu Leong is the Managing Director/Group Chief Executive Officer and a Substantial Shareholder of 5.67% shareholding in WSC via MASB and Midvest Properties Sdn. Bhd. (“MPSB”). His direct shareholding in WSC is 2.67%. Chan Cheu Leong is the father of Chan Wei Keat. Chan Cheu Leong; Chan Wei Keat Petro-Pipe Industrial Corporation Sdn. Bhd. WDG Resources Sdn. Bhd. 9,046,810 Interest bearing advances for purpose of working capital requirement WDG is an indirect 60%-owned subsidiary of Petro-Pipe Industrial Corporation Sdn. Bhd. Chan Wei Keat is a Director of WDG and holds 51,754 shares in WSC. Chan Wei Keat is the son of Chan Cheu Leong. Chan Wei Keat is a Director of ETSB and a Substantial Shareholder of 33.33% shareholding in ETSB via MASB and in turn ETSB holds 40% shareholding in WDG. Chan Cheu Leong is a Substantial Shareholder of 33.33% shareholding in ETSB via MASB and in turn ETSB holds 40% shareholding in WDG. Chan Cheu Leong is the Managing Director/Group Chief Executive Officer and a Substantial Shareholder of 5.67% shareholding in WSC via MASB and MPSB. His direct shareholding in WSC is 2.67%. Chan Cheu Leong is the father of Chan Wei Keat. Wah Seong Corporation Berhad Annual Report 2022 206
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