200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Statements of cash flows (cont'd) For the financial year ended 31 December 2024 2024 2023 2024 2023 RM RM RM RM Financing activities Dividends paid on ordinary shares (3,533,627) (3,533,587) (3,533,627) (3,533,587) Proceeds from conversion of warrants 6,720 - 6,720 - Proceeds from issuance of shares by a subsidiary to non-controlling interests - 3 - - Drawdown of loans and borrowings 1,007,645,864 417,537,432 60,310,000 12,860,000 Repayment of loans and borrowings (804,509,866) (322,747,607) (32,860,000) (5,900,000) Repayment of hire purchase payables (15,079,587) (10,781,582) - - Advances from a corporate shareholder of a subsidiary 1,997,750 881,450 - - Repayment of lease liabilities (3,685,666) (3,056,089) - - (Addition to)/withdrawal of pledged fixed deposits (1,152,842) 7,343,090 - - Net cash flows generated from financing activities 181,688,746 85,643,110 23,923,093 3,426,413 Decrease in cash and cash equivalents (717,880) (5,420,597) (470,721) (9,432,540) Effect of exchange rate changes on cash and cash equivalents (84,796) 3,789,945 - - Cash and cash equivalents at 1 January 58,714,694 60,345,346 757,334 10,189,874 Cash and cash equivalents at 31 December (Note 21) 57,912,018 58,714,694 286,613 757,334 Company The accompanying accounting policies and explanatory notes form an integral part of the financial statements. Group - 24 - STATEMENTS OF CASH FLOWS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 116
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