30. SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) Compensation of key management personnel The remuneration of the key management personnel of the Group during the financial year was as follows: Group 2025 2024 $’000 $’000 Directors of the Company – Short-term benefits 879 921 – Post-employment benefits 17 14 – Directors’ fees 237 162 Other key management personnel – Short-term benefits 793 600 – Post-employment benefits 61 44 1,987 1,741 31. COMMITMENTS Operating lease commitments Group as a lessor The Group lease out its warehouse to third parties and an associate under non-cancellable operating leases. These leases have a tenure range from 1 to 2 financial years with options to renew. Future minimum rentals receivables under non-cancellable operating leases as at the reporting date are as follows: Group 2025 2024 $’000 $’000 Not later than one financial year 1,242 1,858 Later than one financial year but not later than five financial years – 1,242 1,242 3,100 32. FINANCIAL GUARANTEES As at 30 September 2025, the Company has issued corporate guarantees amounting to $74,353,000 (2024: $151,894,000) to banks for banking facilities of certain subsidiaries and associate. The maximum amount of the Company could be forced to settle under the guarantees obligation if the full guaranteed amount is claimed by the counterparties to the guarantees, is $65,984,000 (2024: $151,894,000). The earliest period that the guarantees could be called is within 1 year from reporting date. As at 30 September 2025, the Group and the Company have accounted for a corporate guarantee liability of $228,000 (2024: $894,000) (Note 25). The Company has not recognised any liability in respect of the guarantees given to the banks for banking facilities granted to the subsidiaries and an associate as the Company’s directors have assessed that the likelihood of defaulting on repayment of its banking facilities are remote. However, this estimate is subject to change depending on the probability of the counterparty claiming under the guarantee which is a function of the likelihood that the financial receivables held by the counterparty which are guaranteed suffer credit losses. As at the end of the financial year, the Company had also given undertakings to certain subsidiaries to provide continued financial support to these subsidiaries to enable them to operate as going concerns and to meet their obligations as and when they fall due for at least 12 months from the financial year end. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 116 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025
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