264 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 47. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (a) On 22 January 2024, Zetrix, a prominent layer-1 public blockchain platform developed by the Company, joined forces with Web3Labs Hong Kong and Summer Capital to advance Hong Kong’s Web3 aspirations and establish Zetrix as the preferred blockchain infrastructure for government-aligned applications in the region. Partnerships with key stakeholders in China, Malaysia, and the Philippines have been announced which underscores a commitment to advancing blockchain technology and fostering innovation in the region. (b) On 16 February 2024, the Company announces that MYEG Philippines, in collaboration with the Social Security System of the Philippines, has established a partnership to streamline the payment process for SSS PH members. This initiative aims to facilitate convenient and efficient online payment of loans and contributions through MYEG Philippines’s website, enhancing the overall payment experience for SSS PH members. Through this partnership, MYEG Philippines reinforces its position as a leading provider of e-government services in the Philippines. (c) On 26 February 2024, the Company entered a Memorandum of Understanding (“MOU”) with Sarawak Digital Economy Corporation Berhad (“SDEC”) to collaborate on providing Electronic Government Services in Sarawak. SDEC, wholly-owned by the Sarawak Government, aims to promote and strengthen the Sarawak Digital and Innovation Ecosystem in alignment with the Post Covid-19 Development Strategy 2030 and Sarawak Digital Economy Strategy 2030. (d) On 11 March 2024, the Company disclosed that MYEGC, completed the acquisition of 14,572,300 ordinary shares, representing approximately 14.40% equity interest in HeiTech Padu Berhad. The acquisition was conducted via Open Market and Direct Business Transaction, involving a total cash consideration of approximately RM31,247,960. (e) On 15 March 2024, the Company announced its collaboration with Direct Lending Sdn. Bhd., a digital financing platform, to introduce a Shariah-compliant Buy Now, Pay Later programme designed specifically for automotive services in Malaysia. This initiative allows Malaysians to access various essential automotive services such as flood repair, body and paint work, regular maintenance, towing, and tire replacement, with the flexibility of paying in affordable monthly installments for up to 12 months. (f) On 16 April 2024, the Company entered into a Teaming Agreement with Heitech Padu Berhad to work together and form an interim collaboration to explore services in relation to the Information Technology industry in Malaysia. (g) On 24 April 2024, the Company and Zetrix Foundation entered a MOU with MaiCapital, to collaborate on launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products, intend to fundraising for the cornerstone offering, general offering and pre-exchange-listing offering rounds for the Offer, to support the education and campaigning with relevant regulators, and to participate in the brandbuilding for Offer. (h) On 27 June 2024, the Company announced that the connectivity deployment of Zetrix blockchain platform (“ZTrade services”) to General Administration of Customs of the People’s Republic of China (“GACC”) Single Window platform, This connectivity aim to recognition of Certificate of Origin issued by the Ministry of Investment, Trade and Industry of Malaysia and GACC and Phytosanitary Certificate and other product certificates issued by the Ministry of Agriculture and Food Security of Malaysia and GACC. (i) On 1 July 2024, MYDC, Bubi Technologies Co Ltd, Agmo Holdings Berhad and Star Jewel Capital Inc (“the Parties”) have agreed to extend the date of the commercialization of the first product or service of Zetrix (“Exclusively Period”) for an additional five years by way of a letter of agreement.
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