01 | ABOUT NEXG 02 | OUR LEADERSHIP 03| OUR PERSPECTIVE 04 | SUSTAINABILITY 05 | GOVERNANCE 06 | FINANCIAL STATEMENTS 07 | OTHER INFORMATION ANNUAL REPORT 2026 The Company raised gross proceeds of RM66,000,000 via the private placement of 150,000,000 new ordinary shares at an issue price of RM0.44 per share. The status of the utilisation of proceeds raised from corporate proposal on the following private placement exercises as at 31 March 2026 are as follow:- On 31 July 2025, the listing and quotation of 150,000,000 Placement Shares on the Main Market of Bursa Malaysia Securities Berhad has been completed. Bursa Malaysia Securities Berhad had vide its letter dated 24 September 2025, resolved to grant the Company an extension of time until 10 March 2026 for the Company to complete the implementation of the private placement. On 10 March 2026, the Board has resolved not to further place out any placement shares pursuant to the private placement and this marks the completion of the private placement. On 27 March 2026, the Board has approved to revise the utilisation of proceeds raised from the private placement by reallocating the balance of proceeds of approximately RM2.999 million that previously earmarked for the following items:- (i) Technology and business systems enhancement; and (ii) Estimated expenses for the Proposed Private Placement, as part of the funding for acquisition of factory and purchase of machinery & equipment. The details of the private placement are set out as follows:- The following information are provided in compliance with the Main Market Listing Requirements of Bursa Malaysia Securities Berhad:- 1. UTILISATION OF PROCEEDS RAISED FROM CORPORATE PROPOSAL Additional COMPLIANCE INFORMATION Description Proposed utilisation RM'000 Relocation 27.03.2026 RM'000 Revised utilisation RM'000 Actual utilisation RM'000 Unutilised balance RM'000 Intended timeframe for utilisation Finance existing and future projects 37,476 - 37,476 (37,476) - Within 24 months Repayment of bank borrowings 12,337 - 12,337 (12,337) - Within 6 months Acquisition of factory and purchase of machinery and equipment 9,870 2,999 12,869 (9,870) 2,999 Within 24 months Research and development ("R&D") 2,961 - 2,961 (2,413) 548 Within 18 months Technology and business systems enhancement 1,974 (1,974) - - - - Estimated expenses in relation to the Private Placement 1,382 (1,025) 357 (357) - Upon completion 66,000 - 66,000 (62,453) 3,547 132
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