Rex International Holding Limited 1 4 9 CORPORATE GOVERNANCE REPORT 1207(17) Interested Persons’ Transactions (“IPT”) The Company does not have an IPT Mandate. The aggregate value of IPTs for FY2024 disclosed in accordance with Rule 907 of the Listing Rules was as follows: Name of interested person Nature of relationship Aggregate value of all interested person transactions during the financial year under review (excluding transactions less than $100,000 and transactions conducted under shareholders’ mandate pursuant to Rule 920) Aggregate value of all interested person transactions conducted under shareholders’ mandate pursuant to Rule 920 (excluding transactions less than $100,000) Monarch Marine Holding Ltd (“MMH”) MMH is 40% owned by Cresta Group Ltd. (“Cresta”) and 40% owned by RIToN Holding Ltd. (“RIToN”). Cresta is wholly-owned by Dr Karl Lidgren, Executive Director (until 25 April 2024) and a Controlling Shareholder of the Company. RIToN is wholly-owned by Mr Hans Lidgren, a Controlling Shareholder of the Company. US$167,104,500(1) NA Limea Ltd. (“Limea”) Limea is 50% owned by Cresta and 50% owned by RIToN. RIToN is whollyowned by Mr Hans Lidgren, a Controlling Shareholder of the Company. US$925,000 NA Cresta Group Ltd. (“Cresta”) Cresta is wholly-owned by Dr Karl Lidgren, Executive Director (until 25 April 2024) and a Controlling Shareholder of the Company. US$2,590,000 NA Porto Novo Resources Limited As at the date of the transactions, Porto Novo was a joint venture company which was 30% owned by MMH. See above regarding ownership of MMH. US$550,000(2) NA (1) Including the transactions announced on 19 June 2024, 16 July 2024 and 23 July 2024 which are exempted from Rule 906 of the Mainboard pursuant to Rule 916(2) or Rule 916(3) of the Mainboard Rules. (2) This amount is the aggregate of the capital contributions made by shareholders to the joint venture on a pro rata basis and is exempted from Rule 906 of the Mainboard pursuant to Rule 916(2) of the Mainboard Rules.
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