Al-`Aqar Healthcare REIT Annual Report 2020

AL-`AQAR HEALTHCARE REIT Annual Report 2020 94 Additional Compliance Information The information set out below is disclosed in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad and Securities Commission’s Guidelines on Listed Real Estate Investment Trusts: SANCTIONS OF PENALTIES There was no public sanction or penalty imposed on the Manager by the relevant regulatory bodies during the financial year. STATUS OF UTILISATION PROCEEDS RAISED FROM CORPORATE PROPOSAL There was no issuance of new units during the FY2020. AUDIT AND NON-AUDIT FEES For more information, please refer to page 88. DISCLOSURE OF RECURRENT RELATED PARTY TRANSACTIONS At an Extraordinary General Meeting held on 25 June 2020, the Company obtained a mandate from its shareholders (“Shareholders’ Mandate”) for recurrent related party transactions (“RRPTs”) of a revenue or trading nature. In compliance with Paragraph 10.09(2)(b) and Paragraph 3.1.5 of Practice Note 12 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“MMLR”), such Shareholders’ Mandate is subject to annual renewal and the disclosure in the Annual Report of RRPTs conducted pursuant to the mandate during the financial year ended 31 December 2020 where the aggregate value of such RRPTs is equal to or more than RM1.0 million or 1%of the relevant percentage ratio for such transactions, whichever is the higher. Set out below are the relevant RRPTs for which Shareholders’ Mandate had been obtained together with a breakdown of the aggregate value of the RRPTs which had been conducted pursuant to the Shareholders Mandate and had met the prescribed threshold. Transacting Party Nature of transaction Nature of Relationship Value incurred from 25 June to 31 Dec 2020 (RM’000) Aggregate value of transactions during the financial year (RM’000) KPJ Group Rental income for renting of, inter-alia, specialist hospitals, medical centres, aged care centre and college buildings KPJ is a 38.68% owned company of JCorp. KPJ and JCorp are also the major unitholders of Al-`Aqar. The Interested Directors are deemed persons connected to JCorp by virtue of them being the Directors of DRMSB nominated by JCorp and being part of the senior management of JCorp Group. Dato’ Haji Mohd Redza Shah bin Abdul Wahid and Shamsul Anuar bin Abdul Majid are also a director of both KPJ and DRMSB. 65,249,257 112,866,478 KPJ Group Advisory for, inter-alia, renovation and/or upgrade of any refurbishment work to be undertaken at the hospitals; and property management fee 523,073 1,012,400 JCorp Registrar costs and expenses KPJ is the major unitholder of Al-`Aqar. The Interested Directors are deemed persons connected to JCorp by virtue of them being the Directors of DRMSB nominated by JCorp and being part of the senior management of JCorp Group. 20,789 59,982 JCorp Secretarial Fees - - Premier Revenue Sdn Bhd Takaful coverage PRSB is a wholly-owned subsidiary of the Manager. PRSB is the takaful agent for the takaful operator which insures properties of Al- `Aqar managed by DRMSB. The Directors of PRSB are Wan Azman bin Ismail, the Director of the Manager; and Shahril Zairis bin Ramli who is a part of the senior management team of the Manager. 565,536 1,091,914 Aggregate Value of Transactions 66,358,655 115,030,774