194 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) ADDITIONAL COMPLIANCE INFORMATION UTILISATION OF PROCEEDS FROM IPO As at 31 December 2024, the utilisation of proceeds amounting to RM188.06 million raised from the public issue of 208,960,000 new ordinary shares at RM0.90 per share on 22 April 2024 is summarised as follows: - Purposes Details of the Utilisation of Proceeds Estimated Timeframe for Utilisation Upon Listing Proposed Utilisation RM’000 Actual Utilisation RM’000 Reallocation RM’000 Balance RM’000 Redemption of CRNCPS in Keyfield 61,500 61,500 - - Within 1 month Repayment of bank borrowings 3,000 3,000 - - Within 3 months Settlement of balance purchase consideration for Keyfield Wisdom 65,000 65,000 - - Within 1 month Settlement of balance purchase consideration for Keyfield Helms 1 35,000 35,000 - - Within 1 month Working capital 14,564 15,025 (1)461 - Within 12 months Estimated listing expenses 9,000 8,539 (2)(461) - Within 1 month Total 188,064 188,064 - - Notes: (1) RM461,000 has been re-allocated from the estimated listing expenses. (2) The final total listing expenses amounted to RM8.54 million, with the remaining balance of RM461,000 re-allocated to working capital. The utilisation of proceeds disclosed above should be read in conjunction with the prospectus of the Company dated 26 March 2024. AUDIT AND NON-AUDIT FEES PAID/PAYABLE TO EXTERNAL AUDITORS AND AFFILIATES The total audit and non-audit fees incurred for services rendered to our Group and Company by our External Auditors, Crowe Malaysia PLT and their affiliates, in respect of FYE 2024, are as follows: - Company (RM’000) Group (RM’000) Audit Fees – Crowe Malaysia PLT 50 243 Non-Audit Fees – Crowe Malaysia PLT and affiliates • Mainly In respect of tax compliance services 46 120
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