ANNUAL REPORT 2023 MST GOLF GROUP BERHAD 241 (b) such arrangements and/or transactions undertaken are in the ordinary course of business, at arm’s length basis and on normal commercial terms which are not more favourable to the related parties than those generally available to third party; (c) such arrangements and/or transactions are not detrimental to the minority shareholders of the Company; and (d) the disclosure is made in the annual report on the aggregate value of transactions conducted pursuant to the shareholders’ mandate during the financial year in relation to: (i) The related transacting parties and their respective relationship with the Company and its subsidiaries; and (ii) The nature of the recurrent transactions. THAT such authority shall continue to be in force until: (a) the conclusion of the next Annual General Meeting (“AGM”) of the Company, unless the authority is renewed by a resolution passed at the next AGM; or (b) the expiration of the period within which the next AGM after that date is required to be held pursuant to Section 340(2) of the Companies Act 2016 (“the Act”) (but shall not extend to such extension as may be allowed pursuant to Section 340(4) of the Act); or (c) revoked or varied by an ordinary resolution passed by the shareholders of the Company in a general meeting, whichever is the earlier. AND THAT all Recurrent Related Party Transactions entered into by the Related Parties, from 20 July 2023, being the date of listing of the Company on the Main Market of Bursa Securities, up to the date of this Ordinary Resolution, particulars which are set out in Section 2.5 of the Circular to Shareholders dated 30 April 2024 be and are hereby approved, confirmed and ratified. AND THAT the Directors of the Company be and are hereby authorised to do all such acts and things (including executing such documents as may be required) to give effect to the transactions contemplated and/or authorised by this Ordinary Resolution.” 7. To transact any other business of which due notice shall have been given. By Order of the Board QUECK WAI FONG (MAICSA 7023051 / SSM PC No. 202208000287) TAI YUEN LING (LS0008513 / SSM PC No. 202008001075) Company Secretaries Selangor Darul Ehsan 30 April 2024
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