A. Status of Utilisation of Proceeds During the financial year ended 31 December 2016, the Company did not raise any proceeds from corporate proposals. B. Audit and Non-Audit Fees (i) The amount of audit fees paid or payable to the external auditors, Messrs Ernst & Young (EY), for services rendered to the Group and the Company for the financial year ended 31 December 2016 amounted to RM3.741 million and RM0.765 million respectively. (ii) The amount of non-audit fees paid or payable to the external auditors, EY, and their affiliated companies for services rendered to the Group and the Company for the financial year ended 31 December 2016 amounted to RM0.340 million and RM0.059 million respectively. C. Material Contracts Save for the following contract, there were no other material contracts entered into by the Company and its subsidiaries, involving the Directors’ and/or major shareholders’ interests, still subsisting at the end of the financial year ended 31 December 2016 or, if not then subsisting, entered into since the end of the previous financial year:- (i) Agreement for Sale and Purchase of Shares entered into between MISC Berhad (“MISC”) and E&P Venture Solutions Co Sdn. Bhd. for the acquisition by MISC of the remaining 50% equity interest in Gumusut-Kakap Semi-Floating Production System (L) Limited. Corporate Governance 147 additional compliance information
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