Excel Force MSC Berhad Annual Report 2016

EXCEL FORCE MSC BERHAD ANNUAL REPORT 2016 35 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. AUDIT AND NON-AUDIT FEES The amount of audit and non-audit fees incurred for the services rendered by the external auditors of the Group for the financial year ended 31 December 2016 are as follows:- Group Company RM RM Audit fees 53,500 50,500 Non-audit fees 4,500 4,500 RECURRENT RELATED PARTY TRANSACTIONS (“RRPT”) OF REVENUE NATURE There was no RRPT in the Company 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 2016.