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Change - S P Setia Berhad

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55<br />

S P <strong>Setia</strong> <strong>Berhad</strong> Group<br />

Corporate Governance Statement<br />

ADDITIONAL COMPLIANCE INFORMATION<br />

WARRANTS OR CONVERTIBLE SECURITIES<br />

During the financial year, 168,151.302 detachable warrants 2008/2013 were issued out of which 7,790,655 warrants were exercised<br />

as at 31 October 2008.<br />

NON-AUDIT FEES<br />

Other than the following, there were no non-audit fees paid to the external auditors for the financial year 31 October 2008:<br />

Auditors Services Amount Paid (RM)<br />

Moores Rowland (1) Professional services in connection with the review on the<br />

Statement of Internal Control. 2,000.00<br />

(2) Professional fee for examination of Committed Construction<br />

Costs for the International School. 3,000.00<br />

(3) Professional services in connection with proposed bonds with 130,000.00<br />

warrants and proposed bonus issue<br />

MATERIAL CONTRACTS<br />

There were no material contracts entered into by the Company and its subsidiaries involving directors’ and major shareholders’<br />

interest which were still subsisting as at the end of the financial year under review or which were entered into since the end of<br />

the previous financial year except as disclosed in note 46(a) of the financial statements.<br />

RECURRENT RELATED PARTY TRANSACTIONS<br />

At the Thirty Third Annual General Meeting of the Company held on 27 February 2008, the Company had obtained the approval<br />

for the renewal of the shareholders’ mandate to enter into recurrent related party transactions of a revenue or trading nature,<br />

which are necessary for its day-to-day operations and in the ordinary course of its business, with related parties.<br />

The said mandate took effect on 27 February 2008 and will continue until the conclusion of the forthcoming Annual General<br />

Meeting of the Company.<br />

At the forthcoming Annual General Meeting to be held on 25 February 2009, the Company intends to seek its shareholders’<br />

approval to renew the existing mandate for recurrent related party transactions of a revenue or trading nature. The details of the<br />

shareholders’ mandate to be sought will be furnished in the Circular to Shareholders dated 3 February 2009 attached to this<br />

Annual Report.<br />

REVALUATION OF LANDED PROPERTIES<br />

The Company does not have a revaluation policy on landed properties.

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