Utilisation of Proceeds Raised From Corporate Proposal During FY2023, the Company established (i) an Islamic commercial papers programme for the issuance of Islamic commercial papers (“ICP”) based on the Shariah principle of Murabahah (via Tawarruq arrangement); and (ii) an Islamic medium term notes programme for the issuance of Islamic medium term notes (“IMTN”) based on the Shariah principle of Murabahah (via Tawarruq arrangement), which have a combined limit of up to RM800 million in nominal value. During FY2023, the Company issued the following Sukuk:- Tranche Issuance Date Nominal Value (RM’ million) Tenure Year 6 17 January 2023 5.78 1 7 20 February 2023 7.08 1 Net proceeds raised from the issuance of the Sukuk had been fully utilised to fund general working capital, capital expenditures and refinancing of existing financing of the Group. Non-Audit Fees During FY2023, non-audit fees incurred for services rendered to the Company and/or its subsidiaries by the Company’s current external auditors, or a firm affiliated to the current external auditors were as follows:- Audit Fee Non-audit Fee Company RM43,500 RM5,000 Group RM277,100 RM5,000 Material Contracts Save as disclosed under Note 30 to the financial statements contained in this Annual Report, there were no material contracts including contracts relating to any loans entered into by the Company and its subsidiaries involving Directors and major shareholders’ interest, either still subsisting at the end of FY2023 or entered into since the end of the previous financial year. Employee Share Scheme The Company did not establish any Employee Share Scheme and does not have any subsisting Employee Share Scheme during the FY2023. Recurrent Related Party Transactions of Revenue and Trading Nature The details of the recurrent related party transactions are disclosed in Note 30 to the Financial Statements. ADDITIONAL COMPLIANCE INFORMATION DISCLOSURES Kimlun Corporation Berhad 058
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