| Type | Announcement |
|---|---|
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS |
| Description | WTEC GROUP BERHAD ("WTEC GROUP" or "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS ("RRPTs") |
Pursuant to Rule 10.09(1)(b) of the ACE Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”), the Board of Directors of WTEC Group wishes to announce that the aggregate value transacted of the RRPTs entered into between WTEC Sdn. Bhd., the wholly-owned subsidiary of WTEC Group with Wansern Foam Industry Sdn. Bhd., a company connected with the Director/Major Shareholders of WTEC Group, for the period from 8 May 2025 to 5 June 2025 has exceeded the percentage ratio of 1% of WTEC Group and its subsidiaries’ (collectively, the “Group“) net assets of the Pro Forma Combined Statements of Financial Position as disclosed in its Prospectus dated 9 April 2025 pursuant to its initial public offering on 29 April 2025.
Kindly refer to the attachment for further details.
This announcement is dated 5 June 2025.
Please refer attachment below.
Announcement Info |
|---|
| Company Name | WTEC GROUP BERHAD |
|---|---|
| Stock Name | WTEC |
| Date Announced | 05 June 2025 |
| Category | General Announcement for PLC |
| Reference Number | GA1-04062025-00035 |

Madam Teresa Tan Siew Kuan holds a Bachelor of Economics from the University of Adelaide, Australia, and is a member of the Malaysian Institute of Accountants as well as a Fellow of Certified Practising Accountants, Australia (FCPA).
She brings over 30 years of experience across audit, taxation, corporate finance and investment banking. She began her career in 1992 in audit with Kassim Chan & Co (now Deloitte PLT), before gaining tax experience with Coopers & Lybrand (now PricewaterhouseCoopers). She subsequently built a career in corporate finance and advisory with Malaysian International Merchant Bankers Berhad (now Hong Leong Investment Bank Berhad) and Kenanga Investment Bank Berhad, where she advised corporate and institutional clients, including public listed companies.
She later transitioned into academia as a lecturer in accounting and auditing, before returning to the financial services industry in business development roles. She
subsequently served as Chief Financial Officer of TT Vision Holdings Berhad from 2017 to 2019, where she was involved in overseeing the company’s listing on the LEAP Market of Bursa Malaysia Securities Berhad.She currently provides business and management consultancy services. She is also an Independent NonExecutive Director of IQ Group Holdings Berhad as well as
BWYS Group Berhad.