AL-SALAM REIT ANNUAL REPORT 2020

103 ANNUAL REPORT 2020 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 fiinacial year. STATUS OF UTILISATION PROCEEDS RAISED FROM CORPORATE PROPOSAL For more information, please refer to page 52 AUDIT AND NON-AUDIT FEES For more information, please refer to page 97 DISCLOSURE OF RECURRENT RELATED PARTY TRANSACTIONS At an Extraordinary General Meeting held on 25 June 2020, the Company obtained a mandate from its unitholders (Unitholders’ 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) JCorp Registrar fees (includes reimbursement claims made by Registrar) JCorp is a major unitholder of Al-Salām. The Manager is also indirectly wholly owned by JCorp. The Interested Directors are deemed as 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. 110 213 JCorp Secretarial fees 1 2 JCorp Group Rental income for renting of office lots and indoor entertainment park at Menara KOMTAR, KOMTAR JBCC and Pasar Komuniti @Mart Kempas 4,255 8,289 Technical advisory in relation to project management - - DASB Property Management (Formerly known as SMMSB) Property services fee which include, inter-alia, building management and maintenance and lease and tenancy administration DASB Property Management is a wholly-owned subsidiary of DASB, the holding company of the Manager. DASB is a wholly-owned subsidiary of JCorp. DASB and JCorp are also the major unitholders of Al-Salām.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. 1,942 3,781 ADDITIONAL COMPLIANCE INFORMATION