SUMMARY OF SIGNIFICANT RECURRENT RELATED PARTY TRANSACTIONS B. 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 2022 Nature of Transaction Dato’ Mohamed Nizam Bin Abdul Razak; Mohd Azlan Bin Mohammed Wasco Lindung Sdn. Bhd. Wasco Coatings Malaysia Sdn. Bhd. and its subsidiaries RM2,953,291.00 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. NOTE: The Interested Related Party Relationships are as per the Circular to Shareholders on Proposed Renewal of Shareholders’ Mandate for the Existing Recurrent Related Party Transactions of a Revenue or Trading Nature and Provision of Financial Assistance; and Proposed New Shareholders’ Mandate for Additional Recurrent Related Party Transactions for Provision of Financial Assistance dated 26 April 2022 which was approved at the Annual General Meeting of Wah Seong Corporation Berhad held on 26 May 2022. Annual Report 2022 Wah Seong Corporation Berhad 207
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