124 KIMLUN CORPORATION BERHAD • 200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) Issuance of shares Treasury shares Options granted over unissued shares Significant subsequent event Other statutory information (a) (i) (ii) to ensure that any current assets which were unlikely to realise their value as shown in the accounting records in the ordinary course of business had been written down to an amount which they might be expected so to realise. Before the statements of comprehensive income and statements of financial position of the Group and of the Company were made out, the directors took reasonable steps: to ascertain that proper action had been taken in relation to the writing off of bad debts and the making of provision for doubtful debts and satisfied themselves that there were no known bad debts and that adequate provision had been made for doubtful debts; and During the financial year, no options were granted by the Company to any person to take up any unissued shares in the Company. Details of a significant subsequent event are disclosed in Note 39 to the financial statements. During the financial year, the Company issued 35,336,200 new ordinary shares at an issue price of RM1.19 each under a private placement. The total cash consideration of RM42,050,078 were utilised for working capital and private placement expenses. The new ordinary shares rank pari passu in all respects with the existing ordinary shares of the Company. Treasury shares relate to ordinary shares of the Company that are repurchased and held by the Company in accordance with the requirement of Section 127(6) of the Companies Act 2016 in Malaysia. There was no repurchase of the Company's issued ordinary shares, nor any resale, cancellation or distribution of treasury shares during the financial year. As at 31 December 2025, the Company held as treasury shares a total of 20,000 out of its 388,718,916 issued ordinary shares. Such treasury shares are held at a carrying amount of RM23,774 and further details are disclosed in Note 29(b) to the financial statements. - 4 - DIRECTORS’ REPORT
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