16. SHARE CAPITAL (CONT’D) (b) During the financial year, the Company increased its issued and paid-up share capital from RM393,168,407 to RM400,459,867 by issuance of 4,729,800 new ordinary shares pursuant to the exercise of options under the Company’s Employee Share Option Scheme (“ESOS”) at an exercise price of RM0.90 per share, amounting to RM7,291,460. The details of the ESOS are disclosed in Note 18 to the financial statements. The new ordinary shares issued rank equally in all respects with the existing ordinary shares of the Company. (c) In the previous financial year, the Company increased its issued and paid-up share capital from RM125,260,001 to RM393,168,407 by:- (i) Issuance of 90,000,000 new ordinary shares at RM0.90 per share for the redemption of CRNCPS, amounting to RM81,000,000; (ii) Public issue of 208,960,000 new ordinary shares in conjunction with the initial public offering (“IPO”) listing exercise on the Main Market of Bursa Securities at an IPO price of RM0.90 per share, amounting to RM188,064,000. The listing expenses arising from the issuance of new ordinary shares, amounting to RM6,008,396 were offset against share capital and the remaining listing expenses of RM2,530,342 were expensed to profit or loss; and (iii) Issuance of 3,147,900 new ordinary shares from the exercise of options under the Company’s ESOS at an exercise price of RM0.90 per share, amounting to RM4,852,802. The new ordinary shares issued rank equally in all respects with the existing ordinary shares of the Company. 17. TREASURY SHARES During the financial year, the Company has purchased 1,963,000 (2024 - Nil) of its issued ordinary shares from the open market at an average price of RM1.44 (2024 - Nil) per share. The total consideration paid for the purchase was RM2,835,436 (2024 - Nil). The shares purchased are held as treasury shares in accordance with Section 127(6) of the Companies Act 2016. Treasury shares have no rights to vote, receive dividends or participate in any other distribution. Treasury shares shall not be taken into account in calculating the number or percentage of shares or of a class of shares in the Company for any purposes including substantial shareholding, take-overs, notices, the requisition of meeting, the quorum for a meeting and the result of a vote on a resolution at a meeting. 193 Annual Report 2025
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