Asia Media Annual Report 2018

38 | P a g e 12. ADDITIONAL COMPLIANCE INFORMATION SHARE BUY-BACK The Company did not purchase any of its own shares during the financial year under review. OPTIONS, WARRANTS OR CONVERTIBLE SECURITIES Warrants were delisted on 2 January 2018. AMERICAN DEPOSITORY RECEIPT/GLOBAL DEPOSITORY RECEIPT The Company did not sponsor any depository receipt program during the financial year under review. SANCTIONS AND/OR PENALTIES There were no sanctions and/or penalties imposed on the Company, its subsidiaries, the Directors and theManagement by the relevant regulatory bodies during the financial year. AUDIT AND NON-AUDIT FEES During the financial year ended 31 December 2018, the amount of the audit fees paid/ payable to external auditors were RM100,000.00 and RM160,000.00 for the Company and the Group respectively. The Company paid RM6,000.00 to the external auditors as non-audit fees in the financial year ended 31 December 2018 for the work done on reviewing the Statement of Risk Management and Internal Control for inclusion into this Annual Report. VARIATION IN RESULTS There was significant variation between the interim financial reports for the Fourth Quarter 2018 whichwas announcedon28 February 2019 and the audited financial statements for FYE2018which was announced on 25 October 2019 as the previous Management failed to take into consideration significant amount of impairments of assets and receivables as well as provisions for litigation cases affecting the Group. PROFIT GUARANTEE The Company did not provide any profit guarantee during the financial year under review.