Additional Disclosures Items Transacting Related Party Interested Major Shareholders/Directors and persons connected with them Nature of RRPT Value of Transaction (RM ‘000) Recipient Provider 1 FGV Group KPF-Linked Subsidiaries Interested Major Shareholders: • FELDA • FAHC Interested Directors: • Dato’ Dr. Suzana Idayu Wati Osman • Dato’ Shahrol Anuwar Sarman • Datuk Dr. Yatimah Sarjiman Interested Directors (KPF-Linked Subsidiaries)* Interested person connected: • KPF Rental for buildings/ houses at various places having rental period of less than 3 years on pro-rated monthly or annual instalments basis, for purposes of offices, store rooms, laboratories, pump houses, staff squatters and etc. 1,470 Interested Major Shareholders: • FELDA • FAHC Interested Directors: • Dato’ Dr. Suzana Idayu Wati Osman • Dato’ Shahrol Anuwar Sarman • Datuk Dr. Yatimah Sarjiman Interested Directors (KPF-Linked Subsidiaries)* Interested person connected: • KPF Purchase of FFB 176,687 UTILISATION OF PROCEEDS There were no proceeds raised from corporate proposals during the financial year ended 31 December 2024. 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 2024 amounted to RM595,000 and was within the allowable threshold. MATERIAL CONTRACT No material contracts were recorded during the financial year ended 31 December 2024. LONG-TERM INCENTIVE PLAN (LTIP) There was no LTIP offered in 2024, following its discontinuation in January 2021. SHARE ISSUANCE SCHEME There was no Share Issuance Scheme declared or implemented in 2024. RECURRENT RELATED PARTY TRANSACTION OF REVENUE OR TRADING NATURE At the 16th AGM held on 20 June 2024, 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 15 May 2024 (RRPT Mandate). The RRPT Mandate is valid until the conclusion of the forthcoming 17th 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 2024 are as follows: 232 FGV Holdings Berhad | Annual Integrated Report 2024
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