Fraser & Neave Holdings Bhd Annual Report 2021

4. RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE At the 59 th Annual General Meeting of the Company held on 19 January 2021, the Company had obtained shareholders’ mandate to enter into recurrent related party transactions of a revenue or trading nature with the mandated related parties which are necessary for the day- to-day operation of the F&NHB Group. Pursuant to the MMLR of Bursa Securities, the details of the recurrent related party transactions entered into during the Financial Year 2021 are as follows: Mandated Related Parties Relationship Type of Transaction Actual Value Transacted RM’000 Fraser and Neave, Limited (“F&N Ltd”) Group F&N Ltd is the holding company of F&NHB Purchase of concentrates and/or raw materials from the F&N Ltd Group 146,010 Purchase of finished products from the F&N Ltd Group 8,503 Sale of finished products and/or raw materials to the F&N Ltd Group 266,543 Payment of royalties to the F&N Ltd Group for the use of trademarks, trade names and brand names owned by F&N Ltd 58,126 Receipt of rental from the F&N Ltd Group 438 Receipt of corporate services fees and sta! costs from the F&N Ltd Group 5,912 Receipt of printing services from the F&N Ltd Group 799 Berli Jucker Public Company Limited (“BJC”) Group BJC’s ultimate parent company is TCC Corporation Limited, which in turn is under the control of Y. B h g . Ta n S r i C h a r o e n Sirivadhanabhakdi ( “Tan Sri Charoen”) and Y.Bhg. Puan Sri Wanna Sirivadhanabhakdi (“Puan Sri Wanna”), the ultimate major shareholders of ThaiBev and the Company. Hence, the BJC Group is deemed a person connected to t he said u l t ima te majo r shareholders Purchase of raw materials from the BJC Group 4,747 Sale of finished products to the BJC Group 65,843 Purchase of packaging materials from the BJC Group 859 Receipt of logistic services from the BJC Group 7,299 Thai Beverage Public Company Limited (“ThaiBev”) Group ThaiBev is deemed a major shareholder of the Company by virtue of its indirect substantial interest in F&N Ltd held through i t s i nd i r e c t who l l y owned subsidiary, InterBev Investment Limited Sale of finished products to the ThaiBev Group 5,080 Receipt of tetrapak co-packing services from the ThaiBev Group 2,218 Purchase of raw materials from the ThaiBev Group 1,287 Receipt of marketing services from the ThaiBev Group 17,926 Purchase of finished products from the ThaiBev Group 1,714 Receipt of corporate services from the ThaiBev Group 2,272 Sale of scrap to the ThaiBev Group 314 Payment of royalties to the ThaiBev Group for the use of trademarks, trade names and brand names owned by the ThaiBev Group 59 146 ADDI T IONAL COMPL IANCE INFORMAT ION