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 2023 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. RM993,624 Rental of premise and related facilities Dato’ Seri Robert Tan Chung Meng is the Non-Independent Non-Executive Director of IGB Berhad (“IGB”) Group. He is also the Non-Independent Non-Executive Chairman of WB Group. He is a common indirect Major Shareholder of WB and IGB. His total direct and indirect shareholdings in WB are 1.54% and 41.20% respectively. His total direct and indirect shareholdings in IGB are 0.59% and 29.64% respectively. Pauline Tan Suat Ming is a common indirect Major Shareholder of WB and IGB. Her indirect shareholding in WB is 41.48%. Her total direct and indirect shareholdings in IGB are 0.04% and 29.64% respectively. Tony Tan Choon Keat is a common indirect Major Shareholder of WB and IGB. His indirect shareholding in WB is 41.20%. His indirect shareholding in IGB is 29.64%. Tony Tan Choon Keat is the father of Tan Jian Hong, Aaron, the Non-Independent Non-Executive Director of WB. Tan Chin Nam Sendirian Berhad, Tan Kim Yeow Sendirian Berhad and Wah Seong (Malaya) Trading Co. Sdn. Bhd. are common Major Shareholders of WB and IGB. Tan Chin Nam Sendirian Berhad’s total direct and indirect shareholdings in WB are 0.71% and 32.57% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in WB are 8.63% and 32.57% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in WB are 30.92% and 1.64% respectively. Tan Chin Nam Sendirian Berhad’s total direct and indirect shareholdings in IGB are 27.73% and 21.04% respectively. Tan Kim Yeow Sendirian Berhad’s total direct and indirect shareholdings in IGB are 9.91% and 19.74% respectively. Wah Seong (Malaya) Trading Co. Sdn. Bhd.’s total direct and indirect shareholdings in IGB are 15.85% and 3.88% 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 dated 28 April 2023 which was approved at the Annual General Meeting of Wasco Berhad (formerly known as Wah Seong Corporation Berhad) held on 30 May 2023. Summary of Significant Recurrent Related Party Transactions Integrated Annual Report 2023 288
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