Press Metal Aluminium Holdings Berhad SECTION 4 • EFFECTIVE STEWARDSHIP THROUGH GOOD GOVERNANCE 76 ADDITIONAL COMPLIANCE INFORMATION 1. UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSAL Islamic Medium Term Notes Programme of up to RM5.0 billion in Nominal Value based on the Shariah Principle of Wakalah Bi Al-Istithmar (“Sukuk Wakalah”) (“Sukuk Programme”) The Company has been issuing Sukuk Wakalah under the Sukuk Programme since 2019, details as follows: Date of Issuance Tenure (Years) Aggregate Nominal Value (RM’billion) 17 October 2019 5 to 10 1.00 17 August 2020 5 0.70 7 December 2021 6 and 7 0.60 18 September 2023 5 and 7 0.50 Total proceeds from the Sukuk Wakalah 2.80 Repayment during FYE 2024 0.55 Net outstanding balances as at 31.12.2024 2.25 The net proceeds from the Sukuk Wakalah issued have been utilised for general corporate purposes, including capital expenditure, working capital requirements, investments and refinancing of existing financing/ borrowings. The Company did not raise any proceeds from the Sukuk Wakalah during FYE2024. 2. AUDIT AND NON-AUDIT FEES During FYE2024, the amount of audit and non-audit fees paid by the Company and the Group to the External Auditors, KPMG PLT and two (2) firms affiliated with KPMG PLT are as follows: Company (RM’000) Group (RM’000) Audit services rendered 345 1,882 Non-audit services rendered 25 932 Total 370 2,814 3. MATERIAL CONTRACTS There were no material contracts entered into by the Company and its subsidiaries involving Directors, Chief Executive and major shareholders’ interest which were still subsisting as at the end of FYE2024 or which were entered into since the end of the previous financial year. 4. RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE The details for the Recurrent Related Party Transactions of a Revenue or Trading Nature transacted pursuant to the Shareholders’ Mandate during FYE2024 are stated in Sections 2.3 and 2.4 of the Circular to Shareholders dated 30 April 2025 and Note 31 of the Financial Statements.
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