268 ADDITIONAL COMPLIANCE INFORMATION 1. UTILISATION OF PROCEEDS The status of the proceeds raised from the first tranche of the private placement amounting to RM190.75 million, which was completed on 10 March 2025 following the listing and quotation of 206,217,600 MYEG ordinary shares on the Main Market of Bursa Securities (“Private Placement”) as at 31 March 2025 are as follows:- No. Details Proposed utilization Actual proceeds raised from the Private Placement Actual utilisation Balance Estimated utilisation timeframe upon completion (RM million) (RM million) (RM million) (RM million) 1 Development of blockchain infrastructure in Malaysia 85.00 44.20 - 44.20 Within 24 months 2 Development of blockchain applications and associated agentic Artificial Intelligence 225.00 113.67 - 113.67 Within 24 months 3 Working capital 30.38 30.38 - 30.38 Within 24 months 4 Estimated expenses for the Proposed Private Placement 7.90 2.50 2.50 - Within 1 month Total 348.28 190.75 2.50 188.25 2. AUDIT & NON-AUDIT FEES For FY2024, the audit and non-audit fees paid/payable to the external auditors are detailed in the table below: Group (RM) Company (RM) Audit Fees 590,206 102,000 Non-Audit Fees 3,000 3,000 Total 593,206 105,000 3. MATERIAL CONTRACTS There were no material contracts entered into by the Group during FY2024 involving the interests of the Directors and major shareholders. 4. CONTRACT RELATING TO LOANS There were no material contracts relating to loans entered into by the Group during FY2024 involving Directors and major shareholders.
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