MKH BERHAD | ANNUAL REPORT 2023 123 STATUTORY INFORMATION ON THE FINANCIAL STATEMENTS (CONT’D) In the opinion of the directors: (i) the results of the operations of the Group and of the Company during the financial year were not substantially affected by any item, transaction or event of a material and unusual nature; and (ii) there has not arisen in the interval between the end of the financial year and the date of this report any item, transaction or event of a material and unusual nature likely to affect substantially the results of the operations of the Group and of the Company for the financial year in which this report is made. SHARE OPTIONS No options have been granted by the Company to any parties during the financial year to take up unissued shares of the Company. No shares have been issued during the financial year by virtue of the exercise of any option to take up unissued shares of the Company. As of the end of the financial year, there were no unissued shares of the Company under options. TREASURY SHARES Treasury shares relate to ordinary shares of the Company that are repurchased and held by the Company in accordance with the requirements of Section 127(4)(b) of the Companies Act, 2016 in Malaysia. The Company has not repurchased any treasury shares during the financial year. As at 30 September 2023, the Company held 9,132,300 treasury shares out of its 586,548,168 issued and paid-up ordinary shares. Such treasury shares are held at a carrying amount of RM11,112,278. Further details are disclosed in Note 28 to the financial statements. INDEMNITY AND INSURANCE FOR DIRECTORS, OFFICERS AND AUDITORS The Company maintains directors’ and officers’ liability insurance for purposes of Section 289 of the Companies Act, 2016, throughout the financial year, which provides appropriate insurance coverage for the directors and officers of the Company. The amount of insurance premium paid during the year amounted to RM54,388. There was no indemnity given to or insurance effected for auditors of the Company in accordance with Section 289 of the Companies Act, 2016. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR AND SUBSEQUENT EVENTS Details of significant events during the financial year and subsequent events are disclosed in Note 41 to the financial statements. DIRECTORS’ REPORT
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