NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) 47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (a) On 19 January 2022, MYEGC, a wholly-owned subsidiary of the Company entered into a Supplemental Agreement to the Head of Agreement (“Supplemental HOA”) with S7, Merrington Asset Limited (“MAL”), Avocat Sdn. Bhd., Matrix Indeks Sdn. Bhd., Venstrait Sdn. Bhd., Ancom Logistics Berhad (“ALB”) and Ancom Berhad to vary the terms and conditions of the Head of Agreement (“HOA”) which previously entered by the respective parties that entails the proposed acquisition by ALB of the entire share capital of S5. Subsequently on 15 April 2022, The Board of Directors of the Company announce that the HOA (as supplemented by the Supplemental HOA) expired on the same date as the conditions in the Supplementary HOA has not been met, and no further extension of time of the Negotiation Period has been requested by the Vendors. Upon expiry of the HOA (as supplemented by the Supplemental HOA), the Parties shall have no claims against each other under the HOA and Supplemental HOA, unless due to antecedent breaches. (b) On 10 March 2022, NFTPT, a sub-subsidiary of the Company had launched NFT Pangolin, a global NonFungible Token (“NFT”) marketplace which supports the issuance and trading of NFT. NFT Pangolin will also operate on the soon to be launched Zetrix layer 1 blockchain network. (c) On 12 April 2022, the Company’s Zetrix blockchain has completed the foundation development for its layer 1 blockchain functionalities and it will launch its mainnet on 15 April 2022. This marks the completion of phase 1 of Zetrix’s journey towards being a leading platform for decentralised applications, where industrial use cases like supply chain traceability and financing co-exist with the metaverse. (d) On 29 April 2022, Bursa Malaysia Securities Berhad (“Bursa Securities”) has resolved to grant an extension of time of 6 months from 26 April 2022 to 25 October 2022 for the Company to complete the implementation of the Proposed Placement. On 25 October 2022, the extension of time granted by Bursa Securities for the Company to complete the implementation of the Proposed Placement has lapsed and accordingly, the Proposed Placement is deemed completed. (e) On 10 June 2022, the Board of Directors of the Company announced that its joint venture company, MYEG PH, had entered into a Memorandum of Agreement with Tourism Infrastructure and Enterprise Zone Authority (“TIEZA”) to provide its payment channels for the collection of travel taxes through TIEZA’s Online Travel Tax Services System, an online payment portal designed to provide a more convenient, faster and hassle-free way of paying for travel taxes (“the Partnership”). (f) On 23 June 2022, the shareholders of MYEG had at the Company’s Twenty-First Annual General Meeting approved the FY2021 Final Dividend and authorised the Board to allot and issue such number of new MYEG Shares from time to time as may be required to be allotted and issued pursuant to the dividend reinvestment plan (“DRP”). The Board had on the same day determined that the DRP will apply to the FY2021 Final Dividend, in which the entire FY2021 Final Dividend can be elected to be reinvested into new MYEG Shares. Further on 19 July 2022, CIMB Investment Bank Berhad announced that an application to Bursa Malaysia Securities Berhad in relation to the additional listing of and quotation for the new MYEG shares to be issued pursuant to the DRP has been submitted. On 1 August 2022, CIMB Investment Bank Berhad announced that Securities has in its letter dated 1 August 2022 approved the listing of and quotation for up to 126,784,781 new MYEG shares to be issued pursuant to the DRP for the FY2021 Final Dividend, subject to the following conditions: (i) MYEG and CIMB must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities pertaining to the implementation of the DRP; (ii) MYEG and CIMB to inform Bursa Securities upon the completion of the DRP; and 244
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