Disclosure on Recurrent Related Party Transactions Disclosure on Recurrent Related Party Transactions Relationship of the Related Parties/transacting parties with the Related Parties of QL and Persons Connected to them Transacting parties Related Parties of QL and Persons Connected to them Remark 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 Interested Directors and/or Major Shareholders of QL:- • Chia Song Kun (“SKun”)(i) • Chia Song Kooi (“SKooi”)(ii) • Cheah Juw Teck (“JTeck”)(iii) • Chia Song Phuan (“SPhuan”)(iv) • Cheah Yaw Song (“YSong”)(iv) • Chia Song Pou (“SPou”)(iv) • Chia Song Kang (“SKang”)(iv) • Chia Seong Fatt (“SFatt”)(v) • Chia Seong Pow (“SPow”)(v) • CBG (L) Pte. Ltd (“CBG (L)”)(vi) • CBG (L) Foundation (“CBG Foundation”)(vii) • Farsathy Holdings Sdn. Bhd. (“Farsathy”)(viii)(ix) Persons Connected to the above:- • Chia Kah Chuan(x) • Eng Seng Poo(x) • Cheah Joo Kiang(xi) • Cheah Jui Koon(xi) • Chia Song Swa(xii) • Imbangan Lestari Sdn. Bhd.(xiii) • CBG Holdings Sdn. Bhd.(xiv) (i) SKun is a Director and Major Shareholder of QL with total shareholding of 41.26% in QL. He is also a Director of certain subsidiaries of QL Fishery Group, QL Feedingstuffs Group and QL Oil Group, and a member of the Chia Family. He has deemed interests in QL Fishery Group, QL Feedingstuffs Group and QL Oil Group by virtue of his interests in QL. (ii) SKooi is a Director and shareholder of QL. He is also a Director of certain subsidiaries of QL Fishery Group, QL Feedingstuffs Group and QL Oil Group as well as a member of the Chia Family. (iii) JTeck is a Director and shareholder of QL as well as a Director of certain subsidiaries of QL Fishery Group. He is YSong’s son. (iv) SPhuan, YSong, SPou and SKang are Directors of certain subsidiaries in QL Fishery Group, shareholders of QL and members of the Chia Family. (v) SFatt and SPow are Directors and Major Shareholders of QL with total shareholding of 11.93% and 12.19% respectively in QL. They are brothers and SKun’s brotherin-law. SFatt is also a Director of certain subsidiaries of QL Feedingstuffs Group and QL Oil Group whilst SPow is a Director of certain subsidiaries of QL Fishery Group and QL Feedingstuffs Group. (vi) CBG (L) is a Major Shareholder of QL with total shareholding of 40.25% in QL. It is a body corporate that is accustomed or under an obligation, formal or informal, to act in accordance with the directions, instructions or wishes of the beneficiaries of CBG Foundation. The entire shareholdings in CBG (L) are held by CBG Foundation. The Directors of CBG (L) are SKun, SKang, SPou, SKooi, YSong, SPhuan, Chia Song Swa, Chia Teow Guan and Chia Mak Hooi. (vii) CBG Foundation is a Major Shareholder of QL by virtue of its 100% interests in CBG (L). CBG Foundation and CBG (L) are body corporates who are accustomed or under an obligation, formal or informal, to act in accordance with the directions, instructions or wishes of the beneficiaries of CBG Foundation. The council members and beneficiaries of CBG Foundation are SKun, SKooi, SPhuan, YSong, SPou, SKang, Chia Song Swa, Chia Teow Guan and Chia Cheong Soong whilst the other beneficiaries of CBG Foundation are Chia Bak Lang and Chia Mak Hooi. (viii) Farsathy is a Major Shareholder of QL with shareholding of 11.57%. It is a body corporate in which SPow and SFatt are entitled to exercise, or control the exercise of, not less than 20% of the votes attached to voting shares in Farsathy. SPow, SFatt and Chia Suan Hooi are the Directors and beneficial shareholders of Farsathy whilst the other beneficial shareholders of Farsathy are, Chia Chong Lang, Sim Ahi Yok, Chia Chw Pew, Koh Kwee Choo, Chia Chew Seng, Chia Chiew Yang and Chia Chew Ngee. (ix) The entire shareholdings in Farsathy are held by Kensington Trust Malaysia Berhad (“KTM”) as trustee of Chia Ser Teik trust, a trust company registered under the Trust Companies Act, 1949 on trust for the beneficiaries of a family trust. Although KTM has an interest in the voting rights of Farsathy, it does not have economic or beneficial interest in the said voting rights, and as such interest is held solely for the benefits of the beneficiaries under the family’s trust. 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. Interested Directors and/or Major Shareholders of QL:- • SKun(i) • SKooi(ii) • SFatt(v) • SPow(v) • CBG (L)(vi) • CBG Foundation(vii) • Farsathy(viii)(ix) Persons Connected to the above:- • Imbangan Lestari Sdn. Bhd.(xiii) • M.B. Agriculture (Sandakan) Sdn. Bhd. • SPou(iv) • Chia Lik Khai(“LKhai”)(xv) Transacting parties Related Parties of QL and Persons Connected to them Remark QL Oil Group and the following companies:- • M.B. Agriculture (Sandakan) Sdn. Bhd. • Highglobal Properties Sdn. Bhd. • Total Icon Sdn. Bhd. • Amazing Synergy Realty Sdn. Bhd. Interested Directors and/or Major Shareholders of QL:- • SKun(i) • SKooi(ii) • SFatt(v) • SPow(v) • CBG (L)(vi) • CBG Foundation(vii) • Farsathy(viii)(ix) • LKhai(xv) • Liu Sin(xvi) Persons Connected to the above:- • Imbangan Lestari Sdn. Bhd.(xiii) • M.B. Agriculture (Sandakan) Sdn. Bhd. (x) Chia Kah Chuan is a member of the Chia Family. Eng Seng Poo is Chia Kah Chuan’s spouse and brother-inlaw of SKun, SKooi, YSong, SPhuan, SPou, SKang and Chia Song Swa. (xi) Cheah Joo Kiang and Cheah Jui Koon are JTeck’s brothers and YSong’s sons. (xii) Chia Song Swa is a Director and shareholder of QL. He is also a Director of certain subsidiaries of QL Feedingstuffs Group and Credential Development Sdn. Bhd. as well as a member of the Chia Family. (xiii) Imbangan Lestari Sdn. Bhd. is a wholly-owned subsidiary of CBG Foundation, an entity that has indirect interests in QL via CBG (L). (xiv) CBG Holdings Sdn. Bhd. is a body corporate in which SKun and his spouse are entitled to exercise, or control the exercise of, not less than 20% of the votes attached to voting shares. (xv) LKhai is a Director and shareholder of QL. He is also a Director of certain subsidiaries of QL Fishery Group and QL Oil Group. He is SKun’s son. (xvi) Liu Sin is a Director of certain subsidiaries of QL Oil Group and a shareholder of QL. He is also the brotherin-law of SFatt and SPow. (xvii) CLG is a Director of QL Endau Marine Products Sdn. Bhd. (“EMP”) and QL Endau Fishmeal Sdn. Bhd., subsidiaries of QL Fishery Group. He is one of the Major Shareholders of EMP with total shareholding of 12.32% in EMP by virtue of his direct interest and indirect interest via KHT. (xviii) KHT is one of the Major Shareholders of EMP with total shareholding of 10.88% in EMP. (xix) PKC is a body corporate in which CLG is entitled to exercise, or control the exercise of, not less than 20% of the votes attached to voting shares in PKC. (xx) Chua Lee Swee is CLG’s brother. 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. Interested Directors and/or Major Shareholders of QL:- • Chua Lee Guan (“CLG”)(xvii) • Keang Huat Trading Sdn. Bhd. (“KHT”)(xviii) Persons Connected to the above:- • PK Chua Resources Sdn. Bhd.(“PKC”)(xix) • Chua Lee Swee(xx) Further details pertaining to the RRPT are set out in Part B of the Circular to Shareholders dated 27 July 2023 and are available on the Company’s website. QL RESOURCES BERHAD INTEGRATED ANNUAL REPORT 2023 236 SEC. APPENDICES 8 237 PG. PG.
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