The shareholders of UEM Edgenta Berhad (“UEM Edgenta” or “the Company”), at the 59th Annual General Meeting held on 16 June 2022, had granted their approval for the Company and its subsidiary companies (“UEM Edgenta Group”) to enter into recurrent related party transactions of a revenue or trading nature, which are necessary for its day-to-day operations and are in the ordinary course of business in order to comply with Paragraph 10.09 of the Main Market Listing Requirements (“MMLR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”). In accordance to Practice Note 12 of the MMLR of the Bursa Securities, the details of recurrent related party transactions made during the financial year ended 31 December 2022 pursuant to the shareholders’ mandate are as follows: Item Company in UEM Edgenta Group Involved Transacting Party Nature of Relationship as at the Last Practicable Date ("LPD") Nature of Transaction Value Incurred from 1 January 2022 to 16 June 2022 RM’000 Value Incurred from 17 June 2022 to 31 December 2022 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 1. UEM Edgenta Group UEM Group Berhad (“UEMG”) and its subsidiaries (“UEMG Group”) Khazanah Nasional Berhad (“Khazanah”) is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. Dato’ Mohd Izani Ghani is a director of UEM Edgenta and UEMG. Dato’ Mohd Izani Ghani does not have any equity interest in UEMG. Provision of directors and staff training and development by UEMG Group. – – – Provision of administrative and audit and tax services by UEMG Group. – – – Rental of office space in Tower 1, Avenue 7, Bangsar South and ancillary facilities from UEMG Group. 3,737 5,232 8,969 Rental of archive store at Taman Desa and ancillary facilities from UEMG Group. 113 137 250 Rental of training space at UEM Learning Centre, Petaling Jaya from UEMG Group. 374 524 898 Payment of annual nomination fee to UEMG. 4,167 5,833 10,000 Provision of building maintenance works to UEMG Group. – – – Provision of services to UEMG Group as follows: (i) p roposed provision of vehicle screening services for projects developed; (ii) d esign and project management fees for projects; (iii) p rovision for soil investigation, instrumentation, material testing, environmental and pavement condition assessment works for infrastructure projects; and/or (iv) p rovision of energy management services. – – – Pavement, civil, mechanical, electrical and electronic ("MEE") works, utilities relocation and traffic management works for UEMG Group. – – – Rental of office area at Petaling Jaya from UEMG Group. 198 277 475 Item Company in UEM Edgenta Group Involved Transacting Party Nature of Relationship as at the Last Practicable Date ("LPD") Nature of Transaction Value Incurred from 1 January 2022 to 16 June 2022 RM’000 Value Incurred from 17 June 2022 to 31 December 2022 RM’000 Aggregate Value of Transactions during the Financial Year RM’000 2. UEM Edgenta Group PLUS Malaysia Berhad and its subsidiaries (“PLUS Malaysia Group”) Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. PLUS Malaysia is a 51% subsidiary of UEMG. Dato’ Mohd Izani Ghani and Dato' Noorazman Abd Aziz are directors of UEM Edgenta and PLUS Malaysia. Dato’ Mohd Izani Ghani and Dato' Noorazman Abd Aziz do not have any equity interest in PLUS Malaysia. Provision of facilities maintenance services to PLUS Malaysia Group. 10 – 10 Provision of highway operations and maintenance services through Performance Based Contract (“PBC”) concept to PLUS Malaysia Group. – – – Provision of design, consultancy services, maintenance management & technical services to PLUS Malaysia Group; project management fees and development & proposed network maintenance fee from PLUS Malaysia Group. 10,713 14,923 25,635 Provision of highway maintenance services to PLUS Malaysia Group. 207,694 443,836 651,531 Provision of maintenance services of the real time monitoring system and soil investigation works for upgrading of existing and new facilities to PLUS Malaysia Group. – – – 3. UEM Edgenta Group UEM Sunrise Berhad and its subsidiaries (“UEM Sunrise Group”) Khazanah is the holding company of UEMG by virtue of its 100% interest in UEMG. UEM Edgenta is a 69.14% subsidiary of UEMG. UEM Sunrise is a 69.56% subsidiary of UEMG. Dato’ Mohd Izani Ghani and Dato’ Noorazman Abd Aziz are directors of UEM Edgenta and UEM Sunrise. Dato’ Mohd Izani Ghani and Dato’ Noorazman Abd Aziz do not have any equity interest in UEM Sunrise. Provision of facilities maintenance services to UEM Sunrise Group. 2,941 4,176 7,117 Provision of services to UEM Sunrise Group as follows: (i) p avement, MEE works, utilities relocation and traffic management works; (ii) p roject management consultancy services for commercial development; (iii) p roposed soil investigation works, instrumentation, material testing, environmental services and pavement works for projects development; (iv) p rovision of energy management services; and/or (v) p rovision of Strata and Building Facilities Management software - User License Fee. – – – Provision of energy management service, operate and maintain the district cooling tower for UEM Sunrise Group. – – – p.388 p.389 UEM EDGENTA BERHAD INTEGRATED ANNUAL REPORT 2022 1 2 3 4 5 6 7 8 9 SHAREHOLDERS’ INFORMATION RECURRENT RELATED PARTY TRANSACTIONS RECURRENT RELATED PARTY TRANSACTIONS
RkJQdWJsaXNoZXIy NDgzMzc=