NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) ANNUAL REPORT 2025 121 20. FIXED DEPOSITS WITH LICENSED BANKS Fixed deposits with licensed banks of the Group at the end of the reporting period bore effective interest rates ranging from 0.96% to 1.50% (2024: 0.96% to 1.71%) and per annum. The fixed deposits have maturity periods ranging from 15 to 365 days (2024: 30 to 365 days) for the Group. The fixed deposits of the Group amounting to RM504,529 (2024: RM517,373) are pledged to licensed banks as security for bank guarantee facility granted to the Group. 21. SHARE CAPITAL The Group/The Company 2025 2024 2025 2024 Number of Shares RM RM Issued and fully paid-up At 1 January 1,589,444,125 1,580,152,675 155,606,845 118,441,045 Issuance of new shares, pursuant to: - exercise of warrants 73,514,850 9,291,450 294,059,400 37,165,800 At 31 December 1,662,958,975 1,589,444,125 449,666,245 155,606,845 The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. During the financial year, the Company increased its issued and paid-up share capital from RM155,606,845 to RM449,666,245 by way of issuance of 73,514,850 new ordinary shares from the exercise of Warrants 2021/2026 at the exercise price of RM4 per warrant which amounted to RM294,059,400. In the previous financial year, the Company increased its issued and paid-up share capital from RM118,441,045 to RM155,606,845 by way of issuance of 9,291,450 new ordinary shares from the exercise of Warrants 2021/2026 at the exercise price of RM4 per warrant which amounted to RM37,165,800. The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. 22. TREASURY SHARES The Group/The Company 2025 2024 2025 2024 Number of Shares RM RM At 1 January 7,246,250 7,246,250 3,739,069 3,739,069 Purchased 1,870,300 - 5,940,367 - Sold (20,000) - (18,158) - At 31 December 9,096,550 7,246,250 9,661,278 3,739,069 During the financial year, the Company purchased 1,870,300 of its issued ordinary shares from the open market at an average price of RM3.18 per share and sold 20,000 of its treasury shares in the open market at a price of RM3.31 per share. The shares purchased are being held as treasury shares in accordance with Section 127(6) of the Companies Act 2016 and are presented as a deduction from total equity. As at 31 December 2025, the number of outstanding ordinary shares in issue after the set-off of 9,096,550 (2024: 7,246,250) treasury shares held by the Company is 1,653,862,425 (2024: 1,582,197,875) ordinary shares.
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