SWKPLNT

3.690

+0.01 (+0.3%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS Variation between mandated estimated value and actual value of recurrent related party transaction (RRPT)

SARAWAK PLANTATION BERHAD

Type

Announcement

Subject

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RECURRENT RELATED PARTY TRANSACTIONS

Description

Variation between mandated estimated value and actual value of recurrent related party transaction (RRPT)

Reference is made to Sarawak Plantation Berhad's (SPB) Circular to Shareholders dated 22 April 2025 ("the Circular") in relation to the proposed renewal of existing shareholders' mandate and proposed new shareholders' mandate for RRPT of a revenue or trading nature ("the proposed mandate"). The proposed mandate was approved by the shareholders at the Annual General Meeting held on 23 May 2025.

SPB wishes to announce that the actual value of RRPT entered into by its subsidiary, Sarawak Plantation Agriculture Development Sdn. Bhd. ("SPAD") with its related party, Ta Ann Plywood Sdn. Bhd., had again exceeded the estimated value by more than 10% since the date of its last announcement on 12 February 2026. The details of the RRPT are as follows:

Type of RRPT

Estimated Value as stated in the Circular ("Estimated Value)

Actual Value transacted from 23 May 2025 to 11 February 2026

Actual Value transacted from 12 February 2026 to 2 March 2026

Variation between Actual Value and Estimated Value

Reason for the Variation

Sale of Seeds

RM324,000

RM492,000 or 51.85% above the Estimated Value.

Announcement was made on 12 February 2026.

RM52,000

RM52,000 or 16.05% above the Estimated Value