086 KIMLUN CORPORATION BERHAD • ADDITIONAL COMPLIANCE INFORMATION DISCLOSURES Utilisation of Proceeds Raised From Corporate Proposal (a) During FY2025, the Company issued 10 tranches of Sukuk with tenure of 3 months to 12 months under its Islamic commercial papers programme based on the Shariah principle of Murabahah (via Tawarruq arrangement). Net total proceeds of RM88.21 million raised from the issuance of the Sukuk had been fully utilised to fund general working capital, capital expenditures and refinancing of existing financing of the Group. (b) During FY2025, the Company issued 35,336,200 new ordinary shares in the Company (“Placement Shares”) for cash pursuant to a private placement exercise (“Private Placement”). The Private Placement was completed on 29 August 2025, following the listing of and quotation for the Placement Shares on the Main Market of Bursa Securities, raising gross proceeds of RM42,050,078 (“Gross Proceeds”). The status of utilisation of the Gross Proceeds is as follows: Purpose Intended timeframe for utilisation from the date of listing of the Placement Shares Proposed Utilisation RM’000 Actual Utilisation RM’000 Explanation (if the deviation is 5% or more) RM'000 % Property development expenditure for the Group’s property development projects Within 12 months 30,000 26,758 3,242 10.8% (1) Staff costs 7,000 7,000 0 0.0% Marketing and general operating expenses 4,430 2,954 1,476 33.3% Estimated expenses in relation to the Private Placement Within 1 month 620 494 126 20.3% (2) Total Proceeds 42,050 37,206 4,844 Note:- (1) Private Placement proceeds will be utilised within the estimated timeframe. The Group does not expect any material deviation. (2) The deviation is due to the actual professional fees is lesser than the estimated fees. The difference will be utilised for working capital. Non-Audit Fees During FY2025, non-audit fees incurred for services rendered to the Company and/or its subsidiaries by the Company’s current external auditors, or a firm affiliated to the current external auditors were as follows:- Audit Fee Non-audit Fee Company RM80,000 RM31,000 Group RM584,000 RM106,000 Material Contracts Save as disclosed under Note 32 to the financial statements contained in this Annual Report, there were no material contracts including contracts relating to any loans entered into by the Company and its subsidiaries involving Directors and major shareholders’ interest, either still subsisting at the end of FY2025 or entered into since the end of the previous financial year. Employee Share Scheme The Company did not establish any Employee Share Scheme and does not have any subsisting Employee Share Scheme during the FY2025. Balance
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