NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) FINANCIAL STATEMENTS 47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (cont’d) (f) 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: (cont’d) (iii) MYEG to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the DRP is completed. Subsequently on 10 August 2022, CIMB Investment Bank Berhad had announced that the issue price of the new ordinary shares of MYEG (“MYEG Shares”) to be issued pursuant to the DRP for the FY2021 Final Dividend has been fixed on the same date at RM0.715 per MYEG Share. (g) On 1 July 2022, the Board of Directors of the Company announced that Zetrix, MYEG’s Layer-1 Blockchain platform, together with China Academy of Information and Communications Technology (“CAICT”) owned Xinghuo BIF, have jointly introduced the Blockchain-based Identifiers/Verifiable Credentials and Blockchainbased E-signing services to international markets, a major milestone in enabling cross-border business with China on the blockchain. (h) On 6 October 2022, Zetrix had launched the pilot for its cross-border trade financing solution, Zetrix TradeFi. AmBank (M) Berhad is the pioneer bank participating on the blockchain based digital platform subject to relevant approvals. (i) On 6 October 2022, The Board of Directors of the Company wishes to announce that the Company had on 6 October 2022 entered into a Memorandum of Understanding (“MOU”) with MIMOS Technology Solutions Sdn Bhd to jointly develop and operate the national layer 1 public blockchain using Zetrix and MIMOS blockchain technology, as the components of the Malaysia Blockchain Infrastructure. (j) On 17 October 2022, the Company lodged the Sukuk Wakalah Programme with the Securities Commission Malaysia (“SC”) pursuant to the SC’s Guidelines on Unlisted Capital Market Products under the Lodge and Launch Framework (issued by the SC on 9 March 2015 and revised on 1 September 2022, as amended from time to time) (“SC LOLA Guidelines”). (k) On 11 November 2022, a subsidiary, MLSB entered into a sale and purchase agreement with third party to acquire a piece of leasehold land located at Pajakan Mukim 797, Lot 7138, Mukim Rawang, Tempat Batu 17, Jalan Rawang, Daerah Gombak, Negeri Selangor for a total consideration of RM7,121,100. (l) On 17 November 2022, the Company entered into a Collaboration Agreement (“the Agreement”) with the Institute of Industrial Internet and Internet of Things of the CAICT for the Company to own and operate the Xinghuo International Supernode that will provide connectivity from China to the rest of the world. The signing of the Agreement was completed at the 2022 China Internet Conference hosted by China’s Ministry of Industry and Information Technology (“MIIT”) and Shenzhen Municipal People’s Government. The Agreement also entails the cross-border adoption and utilisation of the latest Decentralised Identifier standard (“BID”) to gradually create the Web3 of China and beyond. The Agreement is for a period of 4 years (“Initial Term”) which is renewable upon expiry subject to further negotiation of which the Company has the first right of refusal to renew the Agreement. It has no fixed value and is determined by the number of transactions on Xinghuo International Supernode. The Agreement shall now supersede the MOU entered on 12 October 2021. As such, the MOU would therefore no longer subsist. (m) On 23 December 2022, the Company proposed to distribute 84,000,000 ordinary shares in Agmo, representing the entire 25.8% equity interest in Agmo held through MY E.G. Capital Sdn Bhd, a wholly-owned subsidiary of the Company, to entitled shareholders of the Company in two (2) separate tranches by way of a dividend-in-specie (“Proposed Dividend-in-Specie”). 245
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