Annual Report 2020

Classes of Related Parties (continued) The Proposed Renewal of and New RRPT Mandate will apply to the following Related Parties (continued): (x) M.B. Agriculture (Sandakan) Sdn. Bhd. ( “MB (Sandakan)” ) is engaged in livestock farming and is 77.67% and 22.33% owned by Imbangan and Farsathy respectively. Imbangan is a wholly-owned subsidiary of CBG Foundation, an entity that has indirect interests in QL via CBG (L), a Major Shareholder of QL. Farsathy is also a Major Shareholder of QL. (xi) E Koon Plastics Trading ( “E Koon” ) is a sole proprietorship engaged in wholesale of household utensils and cutlery, crockery, glassware, chinaware and pottery, wholesale of other construction materials, hardware, plumbing and heating equipment and supplies N.E.C., retail sale of construction materials, hardware, paints and glass, wholesale of plastic materials in primary forms. E Koon is owned by Ms. Eng Siew Yong. She is the daughter-in-law and sister-in-law of Mr. Cheah Yaw Song and Mr. Cheah Juw Teck respectively, who are Directors of QL Foods and QL Fishmeal Sdn. Bhd. as well as shareholders of QL. (xii) Perikanan Hap Huat Sdn. Bhd. ( “PHH” ) is a wholesaler and engaged in trading of frozen edible fishes and other aquatic animals. Mr. Sim Chin Swee is a Director of Endau Group and Major Shareholder of QLEMP. He is also a Director of PHH and has indirect interests in PHH via his children. Whereas, Mr. Heng Hup Peng is a Director of Endau Group and shareholder of QLEMP as well as a Director and Major Shareholder of PHH. (xiii) Hai Hong Fishery Sdn. Bhd. ( “HHF” ) is engaged in trading of fish, all types of fishery and seafood products as well as carry on fisheries activities. Mr Heng Hup Peng is a Director and shareholder of QLEMP as well as a Director and Major Shareholder of HHF. (xiv) Highglobal Properties Sdn. Bhd. ( “HP” ) is engaged in the cultivation of oil palm, sales of fresh fruit bunches, sales of gravel and rearing of swiftlets. It is 33% owned by MB (Sandakan), which in turn is 77.67% and 22.33% owned by Imbangan and Farsathy respectively. Imbangan is a wholly-owned subsidiary of CBG Foundation, an entity that has indirect interests in QL via CBG (L), a Major Shareholder of QL. Farsathy is also a Major Shareholder of QL. (xv) Total Icon Sdn. Bhd. ( “TI” ) is engaged in sales of fresh fruit bunches and rearing of swiftlets. Mr. Chia Seong Fatt, Mr. Chia Lik Khai and Mr. Chia Seong Pow are Major Shareholders of TI with a total shareholding of 40% in TI. Mr. Chia Seong Fatt is Director of QL Plantation Sdn. Bhd. ( “QLP” ) and QL Farms Sdn. Bhd. whilst Mr. Chia Lik Khai is Director of QLP. Mr. Chia Seong Fatt and Mr. Chia Seong Pow are brothers and they are also Directors and Major Shareholders of QL. Mr. Chia Lik Khai is also the Director and shareholder of QL. (xvi) Timurikan Trengganu Sdn. Bhd. ( “TT” ) is a company engaged in deep sea fishing. Mr. Sim Chin Swee is a Director of Endau Group and Major Shareholder of QLEMP. He is also a Director of TT and has indirect interest in TT via his child. Whereas, Mr. Heng Hup Peng is a Director of Endau Group and shareholder of QLEMP as well as a Director and Major Shareholder of TT. (xvii) Credential Development Sdn. Bhd. ( “CD” ) is an investment holding company and a wholly-owned subsidiary of CBG Holdings Sdn. Bhd. ( “CBG” ). Dr Chia is a Director and Major Shareholder of CD and CBG. Dr Chia is the Major Shareholder of CBG and deemed to have interest in QL Foods, a body corporate in which Dr Chia and his spouse is entitled to exercise, or control the exercise of, not less than 20% of the votes attached to voting shares. Disclosure on Recurrent Related Party Transactions