Affin Bank Berhad | Annual Report 2020

480 ORGANISATION EXECUTIVE SUMMARY CORPORATE GOVERNANCE FINANCIAL STATEMENTS OTHER INFORMATION The information set out below is disclosed in accordance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“ Listing Requirements ”): 1. Utilisation of proceeds raised from corporate proposals There were no proceeds raised from corporate proposals during the financial year. 2. Materials Contracts There were no material contracts entered into by AFFIN Bank and/or its subsidiary companies involving the interests of directors or major shareholders which subsisted at the end of the financial year ended 31 December 2020 or, if not then subsisting entered into since the end of the previous financial year. 3. Recurrent Related Party Transactions of a Revenue or Trading Nature At the Annual General Meeting held on 27 July 2020, AFFIN Bank had obtained shareholders’ mandate to allow AFFIN Bank and its subsidiaries to enter into recurrent related party transactions of a revenue or trading nature, which are necessary for the day-to-day operations of AFFIN Bank and/or its subsidiaries within the ordinary course of business of AFFIN Bank and/or its subsidiaries (“ Shareholders’ Mandate ”). In accordance with Section 3.1.5 of Practice Note No. 12 of the Listing Requirements, the details of the RRPTs conducted during the financial year ended 31 December 2020 by AFFIN Bank and its subsidiaries under the Shareholders’ Mandate are disclosed as follows:- AFFIN Bank 154 214 12,286 318 Perbadanan Perwira Niaga Malaysia Boustead Travel Services Sdn Bhd (“ Boustead Travel ”) Boustead Properties Sdn Bhd (“ Boustead Properties ”) Lembaga Tabung Angkatan Tentera (“ LTAT ”) Rental payment by AFFIN Bank for office premises, service charge and space for Automated Teller Machine (ATM) at various locations for a lease period ranging from two (2) to three (3) years Provision of travelling related services to AFFIN Bank Rental payment by AFFIN Bank for office premises and car park payable monthly for a lease term renewable every five (5) years (Menara AFFIN) Rental payment by AFFIN Bank for office premises and car park payable monthly for a lease term renewable every three (3) years Interested Director Mohd Suffian bin Haji Haron Interested Major Shareholder LTAT Interested Director Mohd Suffian bin Haji Haron Interested Major Shareholders LTAT and Boustead Interested Director Mohd Suffian bin Haji Haron Interested Major Shareholders LTAT and Boustead Interested Director Mohd Suffian bin Haji Haron Interested Major Shareholder LTAT Name of Company Value of Transaction RM’000 Related Company Nature of Transaction Interested Directors/Major Shareholders/Person(s) Connected to Interested Directors or Interested Major Shareholders ADDITIONAL DISCLOSURE PURSUANT TO LISTING REQUIREMENTS