The Directors have pleasure in submitting their report together with the audited financial statements of the Group and of the Company for the financial year ended 31 December 2023. PRINCIPAL ACTIVITIES The principal activities of the Company are engaged in the businesses of development and implementation of the electronic government services project and the provision of other related services for the electronic government services project and investment holding. During the financial year, the Company has added provision of information technology solutions and services to its principal activities. The principal activities of its subsidiaries are disclosed in Note 7 to the financial statements. FINANCIAL RESULTS Group Company RM’000 RM’000 Profit for the financial year 486,839 132,292 Attributable to: Owners of the Company 487,648 132,292 Non-controlling interests (809) - 486,839 132,292 RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than as disclosed in the financial statements. DIVIDENDS Since the end of the last financial year, the Company paid: RM’000 A final single-tier dividend of 1.17 sen per ordinary share in respect of the financial year ended 31 December 2022, declared on 10 August 2023 and paid on 20 September 2023 86,644 A first interim single-tier dividend of 0.25 sen per ordinary share in respect of the financial year ended 31 December 2023, declared on 21 August 2023 and paid on 17 November 2023 18,654 First tranche of dividend-in-specie on 10 March 2023 * 50,899 Second tranche of dividend-in-specie on 27 September 2023 # 8,696 164,893 * On 10 March 2023, the Company has successfully executed the first tranche of its dividend-in-specie which entails the distribution of up to 69,750,000 Agmo Holdings Berhad (“Agmo”) shares held by the Company through MY E.G. Capital Sdn. Bhd. (“MYEGC”). Of these shares, 69,724,752 Agmo shares amounted to RM50,899,069 have been distributed to entitled shareholders, while the remaining 25,248 Agmo shares, stemming from fractional entitlements were retained by MYEGC as other investments. The basis of distribution was for every one share of the Company’s held, the shareholders would be entitled for 0.0093 Agmo share. DIRECTORS’ REPORT ANNUAL REPORT 2023 157 FINANCIAL STATEMENTS
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