NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2025 38 RELATED PARTIES Other than as disclosed elsewhere in the financial statements, the transactions with related parties based on terms agreed between the parties are as follows: Group 2025 2024 $’000 $’000 Management services fees received and receivable from: – fellow subsidiaries 1,263 1,304 – associates 18,293 22,481 – joint ventures 26,396 12,222 45,952 36,007 Maintenance services fees received and receivable from: – fellow subsidiaries 608 438 – an associate 280 239 – joint ventures 1,236 1,206 2,124 1,883 Rental and rental-related income received and receivable from: – a fellow subsidiary 358 59 – associates 1,148 1,235 – joint ventures 46 92 1,552 1,386 Management services fees paid and payable to: – a fellow subsidiary – (92) – (92) Rental and rental-related expenses paid and payable to: – joint ventures (1,353) (2,005) – associates (70,700) (74,498) (72,053) (76,503) Sale of investment properties and development properties to joint ventures 183,878 – Compensation paid and payable to key management personnel: – directors’ fees (2,042) (2,216) – short-term employee benefits (22,705) (18,678) – other long-term benefits (5,263) (2,944) (30,010) (23,838) ANNUAL REPORT 2025 | 189
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