37. RELATED PARTIES Significant related party transactions The significant related party transactions of the Group and of the Company are as follows: Group Company 1.1.2024 to 1.7.2022 to 1.1.2024 to 1.7.2022 to 31.12.2024 31.12.2023 31.12.2024 31.12.2023 RM’000 RM’000 RM’000 RM’000 Subsidiary companies Dividend income - - (25,446) (24,842) Management fee income - - (10,452) (22,760) Purchase of IT products and services - - 578 1,123 Purchase of other products and services - - 45 5 Rental expenses paid/payable - - 529 758 Other related party* Sales of other products and services (10) (58) - - * The related party and the Group are subject to common significant influence. The terms and conditions for the above transactions are based on negotiated basis. Significant related party balances of the Group and of the Company are disclosed in Notes 13, 14 and 23 to the financial statements respectively. Other key management personnel comprise persons other than the Directors of Group entities, having authority and responsibility for planning, directing and controlling the activities of the Group entities either directly or indirectly. In addition to their salaries, the Group also voluntarily provided additional Employees Provident Fund (EPF) contributions over the statutory requirement for a significant number of employees. 197 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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