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356

ADDITIONAL

C O M P L I A N C E I N F O R M A T I O N

UTILISATION OF PROCEEDS

There were no proceeds raised by the Company from

corporate proposals during the financial year ended

31 December 2016.

SHARE BUY-BACKS

There were no share buy-backs during the financial year

ended 31 December 2016.

OPTIONS, WARRANTS OR CONVERTIBLE SECURITIES

No options, warrants or convertible securities were issued

by the Company during the financial year ended

31 December 2016.

DEPOSITORY RECEIPT PROGRAMME

The Company did not sponsor any depository receipt

programme for the financial year ended 31 December 2016.

SANCTIONS AND/OR PENALTIES

There were no other sanctions or penalties imposed on the

Company and its subsidiaries, Directors or Management by

the relevant regulatory bodies during the financial year

ended 31 December 2016.

NON-AUDIT FEES

The non-audit fees paid or payable to the External Auditors

by the Company and its subsidiaries for the financial year

ended 31 December 2016 and its value relative to the

statutory audit fees are as follows:

Company

RM’000

Group

RM’000

Statutory audit fees paid/payable

to external auditors

121

2,823

Non-audit fees paid/payable to

external auditors

1,112

1,171

The Company engaged the external auditor for the following

non-audit works:

– Reporting Accountants

– Advisory support to achieve planned synergies and

integration on newly acquired companies.

VARIATION IN RESULTS

There was no material variation between the audited results

for the financial year ended 31 December 2016 and the

unaudited results previously announced by the Company.

There was no profit forecast announced during the financial

year.

PROFIT GUARANTEE

There was no profit guarantee given by the Company during

the financial year ended 31 December 2016.

MATERIAL CONTRACTS

Other than those disclosed in the financial statements and

the recurrent related party transaction section in this Annual

Report, there were no material contracts including contracts

to any loans entered into by the Company and its subsidiaries

involving Directors’ and major shareholders’ interests.

REVALUATION POLICY

The Company has not adopted a regular revaluation policy

on landed properties.

RECURRENT RELATED PARTY TRANSACTIONS

The Company proposes to seek approval of its shareholders for

the renewal of mandate for recurrent related party transactions

and the proposed new shareholders’ mandate for additional

recurrent related party transactions of a revenue and trading

nature which is in the ordinary course of business at the

forthcoming Annual General Meeting of the Company to be

held on 25 May 2017. Please refer to pages 357 to 369 of this

Annual Report on the disclosure of the recurrent related party

transactions conducted during the financial year ended

31 December 2016 pursuant to the shareholders’ mandate

approved at the last Annual General Meeting.