3. RELATED PARTY RELATIONSHIPS AND TRANSACTIONS (CONTINUED) 3A. Related companies and related parties (Continued) In addition to the transactions and balances disclosed elsewhere in the notes to the financial statements, significant transactions that took place between the Group and related parties during the reporting year are as follows: Group 2025 2024 $ $ Associates: Sale of inventories 265,806 219,051 Purchases of inventories (36,995) (87,567) Related parties: Purchases of inventories (538,384) (654,899) The above transactions with related parties are with Chori Co., Ltd, a controlling shareholder of the Company, and its related companies. 3B. Key management compensation Group Company 2025 2024 2025 2024 $ $ $ $ Salaries and other short-term employee benefits of key management 4,397,006 4,770,227 2,095,796 2,550,541 Remuneration of directors of the Company 751,706 1,169,674 751,706 1,169,674 Fees to directors of the Company 202,000 202,000 202,000 202,000 Key management personnel are the directors and those persons having authority and responsibility for planning, directing and controlling the activities of the Group directly or indirectly. The above amounts for key management compensation are for all the directors and other key management personnel. MEGACHEM LIMITED ANNUAL REPORT 2025 133 31 DECEMBER 2025 NOTES TO THE FINANCIAL STATEMENTS
RkJQdWJsaXNoZXIy NTM2MDQ5