annual report 2014
I
45
12. RECURRENT RELATED PARTY TRANSACTIONS
On 20 June 2014, the Company obtained approval from the Shareholders of the Company to enter into Recurrent
Related Party Transactions (“RRPT”) of revenue or trading nature with persons who are considered to be a “Related
Party” as defined in the Main Market Listing Requirements.
Details of the RRPT during the financial year ended 31 December 2014 are as follows:
Transacting Parties
Interested Related
Parties
Nature of Transactions Actual Value Transacted
During The Financial Year
HongPeng (Fujian) and
DLH
Interested Directors
• DLH
• DPP
• DPW
Interested Major
Shareholder
• DPP
Interested Person
Connected
• DJX
Lease of office / factory
building on Yang Guang
East Road, Hua Ting Kou
Village, Chendai County,
Jinjiang City, Fujian
Province, PRC on monthly
basis.
RMB1,372,800 /
RM773,847^
HongPeng (Fujian) and
DLH
Interested Directors
• DLH
• DPP
• DPW
Interested
Major Shareholder
• DPP
Interested
Person Connected
• DJX
Lease of employee
dormitory building on Yang
Guang East Road, Hua
Ting Kou Village, Chendai
County, Jinjiang City, Fujian
Province, PRC on monthly
basis.
RMB236,640 /
RM133,394^
^ Translated at the exchange rate of RMB1: RM0.5637
Explanatory Notes:-
o DLH refers to Ding LiHong
o DPP refers to Ding PengPeng
o DPW refers to Ding PengWan
o DJX refers to Ding JiaXing
(1)
HongPeng (Fujian) is a wholly-owned subsidiary of XinYuanChan, which in turn is wholly-owned by XiDeLang.
(2)
DLH is the Executive Chairman of XiDeLang. DLH, DPP and DPW are siblings.
(3)
DPP is the Managing Director/ CEO and a Major Shareholder of XiDeLang.
(4)
DPW is the Executive Director/ COO of XiDeLang.
(5)
DJX is the father of DLH, DPP and DPW, thus, is a person connected to DLH, DPP and DPW.
Additional Corporate Disclosure (Cont’d)
