1. UTILISATION OF PROCEEDS Private Placement The Company had on 13 September 2023 announced that the Company proposes to undertake a private placement of up to 10% of the total number of issued shares of the Company to third party investor(s) to be identified later at an issue price to be determined later in accordance with the general mandate pursuant to Sections 75 and 76 of the Companies Act 2016 (“Private Placement”). On 22 September 2023, the Company announced that the listing application in relation to the Proposed Private Placement has been submitted to Bursa Malaysia Securities Berhad (“Bursa Securities”). On 27 September 2023, the Company announced that Bursa Securities subsequently approved the listing application for up to 321,531,043 placement shares to be issued pursuant to the Proposed Private Placement. On 13 March 2024, the Company announced that Bursa Securities had granted the Company an extension of six (6) months from 26 March 2024 to 26 September 2024 to complete the Private Placement. On 15 May 2024, the Company announced that 31,000,000 placement shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities. The issuance price per share was RM0.3600. On 29 May 2024, the Company announced that 211,700,000 placement shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities. The issuance price per share was RM0.3616. On 6 June 2024, the Company announced that the allottment of 72,933,132 placement shares issued pursuant to the Private Placement were listed and quoted on the Main Market of Bursa Securities. The issuance price per share was RM0.4001. The status of the utilisation of proceeds raised from the Private Placement as at 31 December 2024 is as follows: Proposed Actual Balance to Time frame utilisation utilisation be utilised Utilisation of proceeds for utilisation (RM’000) (RM’000) (RM’000) Expansion of the Group’s energy segment Within 24 months of the 113,046 113,046 - receipt of placement funds Expenses Upon completion 3,846 3,846 - Total 116,892 116,892 - 2. AUDIT AND NON-AUDIT FEES During the financial year ended 31 December 2024 (“FYE 31 December 2024”), audit and non-audit fees incurred for services rendered to the Company and/or its subsidiaries (collectively referred to as “DNeX Group”) were as follows: Nature of Services Company DNeX Group (RM’000) (RM’000) Audit Service Rendered 450 2,278 Non-Audit Service Rendered 21 21 Total 471 2,299 94 Governance DAGANG NeXCHANGE BERHAD Integrated Report 2024 Additional Compliance Information
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