ANNUAL REPORT 2025 203 NOTES TO THE FINANCIAL STATEMENTS 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 31. Other reserves (a) Foreign currency translation reserve (b) Warrants reserve 32. Related party disclosures 2025 2024 2025 2024 RM RM RM RM Sales of raw materials to a company related to certain directors 364,686 699,340 - - Purchase of quarry products from joint venture 14,400,031 9,888,551 - - Contract fee from: - a company related to certain directors 9,154,262 25,300,995 - - - joint ventures 27,981,950 - - - - an associate company 21,005,434 - - - Rental of property to companies related to certain directors 2,848,896 2,849,236 - - Rental of premise paid to a company related to certain directors 59,950 59,000 - - Rental income from: - a joint venture 2,200 2,400 - - Service fee to: - a subsidiary - - 276,000 276,000 - a joint venture 90,159 85,491 - - - a company related to certain director 27,128 - - - A total of 60,112,500 free warrants (''Warrants 2014/2024'') were issued by the Company on 13 March 2014. Each warrant entitles the holder to subscribe for 1 new share at the exercise price of RM1.68 per share at any time during the exercise period. The warrants have an exercise period of 10 years commencing 13 March 2014 and expired on 12 March 2024. The foreign currency translation reserve represents exchange differences arising from the translation of the financial statements of a foreign operation whose functional currency is different from that of the Group's presentation currency. In addition to the related party information disclosed elsewhere in the financial statements, the following significant transactions between the Group and related parties took place at terms agreed between the parties during the financial year: Group Company - 83 -
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