38. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED) Significant events during the financial year are as follows: (continued) (b) Material litigation between Dagang NeXchange Berhad, DNeX Semiconductor Sdn. Bhd., Mimastronics Technologies Company Limited and Tethystronics Technologies Company Limited (continued) iii. Commencement of Arbitration by TTCL against DNeX Semi and Silterra (continued) Arbitration Costs as per Addendum to the Final Award dated 12 March 2025 The 1st Respondent (DNeX Semi) is ordered to bear the: (i) AIAC’s Administrative Fees of USD88,865.60 (inclusive of Malaysian SST) and bank charges of USD150.00; (ii) Sole Arbitrator’s fees and expenses which are fixed by the Director of AIAC as USD411,600 and USD3,617.88 respectively; and (iii) Reimburse the Claimant and the 2nd Respondent, no later than 7 calendar days from the date this Final Award is served on the 1st Respondent, such amounts as the Claimant and the 2nd Respondent have respectively paid in respect of the AIAC’s Administrative Fees and bank charges and the Sole Arbitrator’s fees and expenses, less any amount that they may receive by way of refund from the AIAC. The 1st Respondent is ordered to pay no later than 7 calendar days from the date this Final Award is served on it: (i) Claimant’s costs of legal representation of RM794,551.42 and expenses RM13,449.96; (ii) Cost of hearing room and transcription services of RM4,465.80 and SGD3,733.32 respectively; (iii) Claimant’s witness expenses of HKD18,050.66; and (iv) the AIAC Registration Fee of USD795 paid by the Claimant to the AIAC. Interest at 5% per annum will accrue on the above sums and shall run from the date they fall due (i.e. 7 calendar days from the date of the Final Award) to the date of full payment. On 27 March 2025, the Company has filed for a set-aside and stay of the Award by way of an Originating Summons filed to the High Court of Malaya in Kuala Lumpur. The Group and the Company do not expect any material financial impact by reason of the commencement of the said arbitration proceedings other than legal cost to be incurred. Silterra remains a 60% owned subsidiary of DNeX Semi which in turn is a subsidiary of the Company. No material operational impact is expected arising from the arbitration other than disclosed above. 39. COMPARATIVE FIGURES The Company had changed its financial year end from 30 June to 31 December effective from the previous reporting period. Consequently, the comparative figures are for the previous 18 months period from 1 July 2022 to 31 December 2023. The current financial statements are for a period of 12 months from 1 January 2024 to 31 December 2024. Due to the change in the financial year end, the amounts presented in the financial statements and their related notes are not entirely comparable. 205 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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