CSC : Response to query from Singapore Exchange Regulation on the Annual Report for the financial year ended 31 March 2023

7/27/23, 10:02 PM

Response to SGX Queries::

RESPONSE TO SGX QUERIES::

Issuer & Securities

Issuer/ Manager

CSC HOLDINGS LIMITED

Securities

CSC HOLDINGS LTD - SG1F84861094 - C06

Stapled Security

No

Announcement Details

Announcement Title

Response to SGX Queries

Date &Time of Broadcast

27-Jul-2023 21:52:00

Status

New

Supplementary Title

On Annual Reports

Announcement Reference

SG230727OTHRGXU5

Submitted By (Co./ Ind. Name)

See Yen Tarn

Designation

Executive Director & Group Chief Executive Offcer

Description (Please provide a detailed description of the change in the box below)

Response to query raised by Singapore Exchange Regulation (SGX RegCo) on 25 July 2023 with respect to the Annual Report for the fnancial year ended 31 March 2023 of the Company issued on 11 July 2023.

Attachments

Announcement_Response_to_SGX_RegCo_Query.pdf

Total size =221K MB

https://links.sgx.com/1.0.0/corporate-announcements/76E8YWCV937L6RTX/6966cfc6b8e3e872a73b172391ce8f020f0b5f8c5dd23861b3e47e43… 1/1

CSC HOLDINGS LIMITED

Co Registration No. 199707845E

RESPONSE TO QUERY FROM SINGAPORE EXCHANGE REGULATION ON THE ANNUAL REPORT FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023

The Board of Directors (the "Board") of CSC Holdings Limited (the "Company", and collectively with its subsidiaries, the "Group") wishes to provide its responses to the query raised by the Singapore Exchange Regulation ("SGX RegCo") on 25 July 2023 with respect to the Annual Report for the financial year ended 31 March 2023 issued on 11 July 2023.

SGX RegCo's Query:

In relation to Note 30 (Related parties), please reconcile the amounts under "other related party transactions" to the interested person transactions ("IPT") on page 70, and explain the amounts that were not reported as IPTs and why these are not IPTs.

Company's Response:

The difference between the "other related party transactions" ("RPT") in Note 30 and interested person transactions ("IPT") on page 70 was $466,000, which were transactions not required in the IPT disclosure under Listing Rule 907, where the aggregate value of each category of transactions entered into with the same interested person was less than $100,000.

The reconciliations are as follows:

		Aggregate
		value of
		transactions
		less than
		$100,000 with
		same
	Per RPT in	interested	Per IPT on
Nature of transactions	Note 30	person	page 70
	$'000	$'000	$'000
	A	B	C = A - B
Revenue from foundation	7	(7)(1)	-
engineering works
Revenue from trading of plant	176	(30)(1)	146
and equipment
Revenue from rental and service income	245	(135)(2)	110
Expenses related to short-term leases	707	(225)(3)	482
Purchase of plant and equipment	330	-	330
Upkeep of machinery and equipment	69	(69)(1)	-
expenses
Total	1,534	(466)	1,068
	1

1. The aggregate value of each category of transactions entered into with the same interested person was less than $100,000:

Nature of transactions	Amount
	$'000
Revenue from foundation engineering works	7
Revenue from trading of plant and equipment	30
Upkeep of machinery and equipment expenses	69
Total	106
(2) Comprises of:
Interested person	Amount
	$'000
Tat Hong HeavyEquipment (Pte.) Ltd.	48
Tat Hong Machinery Pte Ltd	46
Tat Hong Plant Leasing Pte Ltd	23
Other interested persons (aggregate transaction value with
individual interested person is less than $15,000)	18
Total	135
(3) Comprises of:
Interested person	Amount
	$'000
Tat Hong Machinery Pte Ltd	94
Tat Hong HeavyEquipment (Pte.) Ltd.	72
Tat Hong HeavyEquipment (HK) Ltd.	33
Other interested persons (aggregate transaction value with
individual interested person is less than $15,000)	26
Total	225

By Order of the Board

See Yen Tarn

Executive Director and Group Chief Executive Officer

27 July 2023

2