News

The Board of Directors of QL Resources Berhad (“QL” or “the Company”) wishes to announce that the aggregated actual value of the recurrent related party transactions of a revenue or trading nature (“RRPT”) transacted between QL group of companies in which Mr Chia Seong Pow, Mr Chia Seong Fatt and person(s) connected to them have interests, have exceeded the mandate value by 10% or more.

The renewal of shareholders’ mandate for RRPTs between QL group of companies in which Mr Chia Seong Pow, Mr Chia Seong Fatt and person(s) connected to them have interests had been approved at the Company’s Annual General Meeting ("last AGM") held on 29 September 2020 with total aggregated mandate value of RM36,340,000.00 ("Approved Mandate Value"), which will be expiring at the next AGM to be held on 22 September 2021 (“next AGM”). However, the aggregated actual transacted value of the said RRPTs from the last AGM to the next AGM had exceeded 10% of the Approved Mandate Value and the details are summarised as follows:-

This announcement is dated 17 September 2021.