For the purposes of the consolidated financial statements, parties are considered to be related to the Group if the Group has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Group and the party are subject to common control. Related parties may be individuals or other entities.

Related parties also include key management personnel. Key management personnel are defined as those persons having authority and responsibility for planning, directing and controlling the activities of the Group either directly or indirectly. The key management personnel of the Group include directors of the Group.

The related parties of the Group and of the Company are disclosed in the Note 9 and 31.

Amount due from associates represent non-trade balances which are unsecured, interest free and receivable on demand.

Amount due to directors represent non-trade advances for working capital purposes in meeting the operational needs of the Group, which are unsecured, interest free and repayable on demand. The amount due to directors are expected to be settled progressively in cash within the next two (2) years from the effectiveness of this proxy statement/ prospectus.

Related party transactions have been entered in the normal course of business under negotiated terms. In addition to the related party balances disclosed elsewhere in the consolidated financial statements, the related party transactions of the Group are as follows:

 Schedule of consolidated financial statements the related party transactions

The remuneration of key management personnel during the financial year are as follows:

 Schedule of key management personnel