Wasco Berhad Integrated Annual Report 2023

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 2023 Nature of Transaction Chan Cheu Leong; Goh Eng Hooi Syn Tai Hung Trading Sdn. Bhd. WDG Resources Sdn. Bhd. RM65,000,000 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 Goh Eng Hooi is a Director of Syn Tai Hung Trading Sdn. Bhd. (“STHT”) and WDG Resources Sdn. Bhd. (“WDG”). 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 Cheu Leong is 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 the Non-Independent Non-Executive Director and a Substantial Shareholder of 5.67% shareholding in Wasco Berhad (formerly known as Wah Seong Corporation Berhad) (“WB”) via MASB and Midvest Properties Sdn. Bhd. (“MPSB”). His direct shareholding in WB is 2.67%. Chan Cheu Leong Petro-Pipe Industrial Corporation Sdn. Bhd. WDG Resources Sdn. Bhd. RM8,229,524 Interest bearing advances for purpose of working capital requirement WDG is a direct 60%-owned subsidiary of Petro-Pipe Industrial Corporation Sdn. Bhd. 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 Non-Independent Non-Executive Director and a Substantial Shareholder of 5.67% shareholding in WB via MASB and MPSB. His direct shareholding in WB is 2.67%. 287 Wasco Berhad

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