Excel Force MSC Berhad Annual Report 2015

E X C E L F O R C E M S C B E R H A D • A N N U A L R E P O R T 2 0 1 5 31 ADDITIONAL COMPLIANCE INFORMATION MATERIAL CONTRACTS There was no material contract between the Company and its subsidiaries involving the Directors and major shareholders’ interests, either still subsisting at the end of the financial year or entered into since the end of the previous financial year. NON-AUDIT FEES The amount on non-audit fees incurred for services rendered to the Group for the financial year by the Group’s external auditors was RM4,500.00. RECURRENT RELATED PARTY TRANSACTIONS (“RRPT”) OF REVENUE NATURE There was no RRPT in the Company during the financial year under review. SHARE BUYBACK There were no share buyback, share cancellation, shares held as treasury shares and resale of treasury shares during the financial year under review. OPTIONS, WARRANTS AND CONVERTIBLE SECURITIES On 18 July 2014, the Company issued 103,384,031 2014/2019 free Warrants (“the Warrants 2014/2019”) on the basis of one (1) free warrant for every two (2) existing ordinary shares held of RM0.10 each. The Warrants are constituted under a Deed Poll dated 1 July 2014 (“Deed Poll”). The Warrants 2014/2019 were listed on Main Market of Bursa Malaysia Securities Berhad on 24 July 2014. No Warrants were converted during the financial year under review. UTILISATION OF PROCEEDS No proceeds were raised by the Company from any corporate proposal during the financial year ended 31 December 2015. OTHER INFORMATION During the financial year ended 31 December 2015, the Company: • Has not undertaken sponsorship of any American Depository or Global Depository Receipt programmes; • Has not been involved in any sanctions and / or penalties imposed on the Company, Directors or management staff by the relevant regulatory bodies; • Has not issued or announced any profit estimate, forecast or projection; and • Did not receive any profit guarantee.