TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RECURRENT RELATED PARTY TRANSACTIONS WTEC GROUP BERHAD ("WTEC GROUP" or "THE COMPANY") - RECURRENT RELATED PARTY TRANSACTIONS ("RRPTs")

WTEC GROUP BERHAD
TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
DescriptionWTEC 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 WTEC Sdn. Bhd., the wholly-owned subsidiary of WTEC Group, had entered into RRPTs with Wansern Foam Industry Sdn. Bhd., a company connected with the Director/Major Shareholders of WTEC Group, and the aggregate value transacted of the RRPTs for the period from the date of admission to the Official List of Bursa Securities and listing of WTEC Group on 29 April 2025 (“Listing Date”) to 7 May 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 the Prospectus pursuant to the initial public offering of WTEC Group.

Kindly refer to the attachment below for further details. 

This announcement is dated 7 May 2025.

Please refer attachment below.

1. Attachment- RRPTs with Wansern Foam- 07.05.2025.pdf

Announcement Info
Company NameWTEC GROUP BERHAD
Stock NameWTEC
Date Announced07 May 2025
CategoryGeneral Announcement for PLC
Reference NumberGA1-06052025-00048

Teresa Tan Siew Kuan

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.