1. Utilisation of Proceeds The status of the utilisation of proceeds raised from the following private placement exercise as at 31 March 2022 is as follows: i. The first tranche of the Private Placement I amounting to RM216.0 million, which was completed on 17 December 2020, following the listing and quotation of 120,000,000 new MYEG ordinary shares (“Placement Shares I”) on the Main Market of Bursa Securities (“Private Placement I”): Descriptions Proposed Utilisation Actual Proceeds Raised from the Private Placement I Actual Utilisation Balance Estimated timeframe for the utilisation of proceeds from the date of listing of the Placement Shares I RM’million RM’million RM’million RM’million Development of foreign workers hostels under the foreign workers’ accommodation programme 94.5 50.0 21.9 28.1 Within 24 months Development of healthcare related services 168.0 89.0 89.0 - Within 24 months Purchase of fixed assets and related solutions for the e-Government concession services 126.0 67.0 67.0 - Within 12 months Working capital 9.1 5.5 5.5 - Within 12 months Estimated expenses for the Private Placement I 9.4 4.5 4.5 - Immediate Total 407.0 216.0 187.9 28.1 The extension of time granted by Bursa Securities to complete the implementation of the remaining tranche of the Private Placement I has lapsed on 25 October 2022 and accordingly the Private Placement I is deemed completed. 2. AUDIT & NON-AUDIT FEES For FY2022, the audit fees and non-audit fees paid/payable to the external auditors are detailed in the table below: Type of fee Group (RM) Company (RM) Audit fees 497,000 92,000 Non-audit fees 3,000 3,000 Total 500,000 95,000 ADDITIONAL COMPLIANCE INFORMATION 248
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