DISCLOSURE ON RECURRENT RELATED PARTY TRANSACTIONS Existing Recurrent Related Party Transactions (“RRPT”) (a) Transactions between QL Group and companies in which Mr. Chia Song Kun and person(s) connected to him have interests: No. Transacting Parties Nature of Transaction Estimated Value from the date of the forthcoming AGM to the next AGM(1) (RM’000) Mandate obtained from last year’s AGM (RM’000) Actual transacted value for the period from 30 August 2022 to 30 June 2023 (RM’000) Actual transacted value for the financial year ended 31 March 2023 (RM’000) 1. QL Fishery Group and the following companies:- • Sin Teow Fatt Trading Company • Fusipim Sdn. Bhd. • Cheah Joo Kiang Enterprise • M.B. Agriculture (Sandakan) Sdn. Bhd. • Credential Development Sdn. Bhd. • E Koon Trading Purchase of raw fish; sale of surimi and surimi-based product; sale of frozen fish; renting of property; purchase of lubricant and packing material 15,850 15,150 8,276 10,108 2 QL Feedingstuffs Group and the following companies:- • M.B. Agriculture (Sabah) Sdn. Bhd. • Arena Dijaya Sdn. Bhd. • M.B. Agriculture (Sandakan) Sdn. Bhd. • Highglobal Properties Sdn. Bhd. • Total Icon Sdn. Bhd. Purchase of raw material and packing material; sale of animal feed; sale of lubricant; sale of broiler, chicken part, egg, sundries, meat/frozen food, organic fertiliser and animal health product 62,650 62,150 8,492 17,529 3. QL Oil Group and the following companies:- • M.B. Agriculture (Sandakan) Sdn. Bhd. • Highglobal Properties Sdn. Bhd. • Total Icon Sdn. Bhd. Purchase of fresh fruit bunch and ERP fertiliser 2,800 3,300 1,861 2,526 Total 81,300 80,600 18,629 30,163 Disclosure on Recurrent Related Party Transactions (b) Transactions between QL Group and companies in which Mr. Chia Seong Pow/Mr. Chia Seong Fatt and person(s) connected to them have interests: No. Transacting Parties Nature of Transaction Estimated Value from the date of the forthcoming AGM to the next AGM(1) (RM’000) Mandate obtained from last year’s AGM (RM’000) Actual transacted value for the period from 30 August 2022 to 30 June 2023 (RM’000) Actual transacted value for the financial year ended 31 March 2023 (RM’000) 1. QL Fishery Group and M.B. Agriculture (Sandakan) Sdn. Bhd. Sale of frozen fish 200 200 56 77 2. QL Feedingstuffs Group and the following companies:- • M.B. Agriculture (Sabah) Sdn. Bhd. • Arena Dijaya Sdn. Bhd. • M.B. Agriculture (Sandakan) Sdn. Bhd. • Highglobal Properties Sdn. Bhd. • Total Icon Sdn. Bhd. Purchase of raw material and packing material; sale of animal feed; sale of lubricant; sale of broiler, chicken part, egg, sundries, meat/frozen food, organic fertiliser and animal health product 62,650 62,150 8,492 17,529 3. QL Oil Group and the following companies:- • M.B. Agriculture (Sandakan) Sdn. Bhd. • Highglobal Properties Sdn. Bhd. • Total Icon Sdn. Bhd. Purchase of fresh fruit bunch and ERP fertiliser 2,800 3,300 1,861 2,526 Total 65,650 65,650 10,409 20,132 c) Transactions between QL Group and companies in which Mr. Chua Lee Guan and person(s) connected to him have interests: No. Transacting Parties Nature of Transaction Estimated Value from the date of the forthcoming AGM to the next AGM(1) (RM’000) Mandate obtained from last year’s AGM (RM’000) Actual transacted value for the period from 30 August 2022 to 30 June 2023 (RM’000) Actual transacted value for the financial year ended 31 March 2023 (RM’000) 1. QL Fishery Group and the following companies:- • Keang Huat Trading Sdn. Bhd. • Perikanan Sri Tanjung Sdn. Bhd. • Timurikan Trengganu Marine Products Sdn. Bhd. • Perikanan Hap Huat Sdn. Bhd. • Timurikan Trengganu Sdn. Bhd. Purchase of spare part and other consumable; purchase of fish 6,500 6,500 2,028 2,438 Total 6,500 6,500 2,028 2,438 Additional RRPT Transaction between QL Group and companies in which Mr. Chia Song Kun, Mr. Chia Seong Pow/Mr. Chia Seong Fatt and person(s) connected to them have interests: No. Transacting parties Nature of Transaction Estimated Value from the date of the forthcoming AGM to the next AGM (RM’000) 1. QL Oil Group and Amazing Synergy Realty Sdn. Bhd. Purchase of fresh fruit bunch 300 Total 300 Note: (1) The new estimated value is based on the Management’s estimate, which takes into account the transacted amount for the financial year ended 31 March 2023 as well as the changing economic and competitive environment. Announcement will be made accordingly if the total actual value exceeds the total estimated value by 10% or more. QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2023 234 SEC. APPENDICES 8 235 PG. PG.
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