160 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 OTHER COMPLIANCE INFORMATION 1. STATUS OF CORPORATE PROPOSALS AND UTILISATION OF PROCEEDS Private Placement and Utilisation of Proceeds On 29 March 2024, the Company completed the Private Placement of 120,000,000 ordinary shares at an issue price of RM2.36 per placement share. The Company raised RM283.2 million in proceeds from this energy transition placement exercise. The proceeds from this exercise were utilised to expand the Company’s renewables and green technology businesses, while strengthening the Group’s equity and capital base. The details of the utilisation of the proceeds as at 20 May 2024 are as follows: Utilisation of Proceeds Intended timeframe for utilisation* Proposed utilisation RM million Actual Utilisation# RM million (Over)/ Unutilised amounts RM million Expansion of renewable energy and green technology business Within 18 months 281.4 206.3 75.1 Estimated expenses for the Private Placement Within 1 month 1.8 1.7 0.1 TOTAL 283.2 208.0 75.2 Notes: * From 29 March 2024 (being the date of completion of the Private Placement). # From 29 March 2024 to 20 May 2024. 2. AUDIT AND NON-AUDIT FEES The amount of audit and non-audit fees paid to the Company’s External Auditors, PricewaterhouseCoopers PLT and its affiliates for the services rendered to the Group and the Company for FYE 2024, are as follows: Particulars Group RM’000 Company RM’000 Audit Fees 6,800 835 Non-Audit Fees 2,339 100 Percentage of Non-Audit Fees over Audit Fees 34% 12% The Non-Audit services rendered by the External Auditors were relating to the following: Group Level No. Description RM’000 1. Tax Compliance 1,443 2. Tax Consultancy 385 3. Assurance Related Services 128 4. Financial Advisory 360 5. Others 23
RkJQdWJsaXNoZXIy NDgzMzc=