CORPORATE GOVERNANCE AND SHAREHOLDER INFORMATION SEC 7 164 ADDITIONAL DISCLOSURE Utilisation of Proceeds There were no proceeds raised from corporate proposals during the financial year ended 31 December 2023. Non-Audit Fees The amount of non-audit fees rendered to the Group by its external auditors, PricewaterhouseCoopers PLT (PwC), for the financial year ended 31 December 2023 amounted to RM1,374,000 (inclusive of other assurance services of RM466,000) and was within the allowable threshold. Material Contract Conditional Shareholders’ Agreement dated 6 August 2022 between FGV Integrated Farming Holdings Sdn Bhd, Baladna for Trading and Investment W.L.L (a wholly-owned subsidiary of Baladna Q.P.S.C.), and Touch Group Holdings Sdn Bhd to form an incorporated joint venture to carry on the business to develop an integrated dairy farm business in Chuping, Perlis. Recurrent Related Party Transaction of Revenue or Trading Nature At the 15th AGM held on 20 June 2023, the Company had obtained a general mandate from its shareholders’ for the existing recurrent related party transactions of a revenue or trading nature, to be entered into by FGV and its Group of Companies (FGV Group) as set out in the Circular to shareholders dated 28 April 2023 (RRPT Mandate). The RRPT Mandate is valid until the conclusion of the forthcoming 16th AGM of the Company. Pursuant to paragraph 10.09(2)(b) and paragraph 3.1.5 of Practice Note 12 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the details of the recurrent related party transactions of a revenue or trading nature entered into during the financial year ended 31 December 2023 are as follows: Item Transacting Related Party Interested Major Shareholders/Directors and persons connected with them Nature of RRPT Value of Transaction (RM’000) Recipient Provider 1 KPF-Linked Subsidiaries, FELDA Group of Companies, MSM Group of Companies & FGV Trading FGV Group Interested Major Shareholders: • FELDA • FAHC Interested Directors: • Dato’ Amiruddin Abdul Satar • Dato’ Shahrol Anuwar Sarman • Datuk Dr. Yatimah Sarjiman Interested Directors (KPF-Linked Subsidiaries)* Interested person connected: • KPF Provision of management and shared services 76,608
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