NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 7. Investment in subsidiaries (CONT’D) (a) Incorporation of subsidiaries (i) On 25 April 2025, the Company incorporated a wholly-owned subsidiary with 50,000 ordinary shares, representing 100% of equity interest in ZTSB for a total consideration of RM50,000. (ii) On 17 September 2025, MLSB incorporated a wholly-owned subsidiary with 1,000 ordinary shares, representing 100% of equity interest in MYEGSB for a total consideration of RM100. (iii) On 12 December 2025, EGSB incorporated a subsidiary by subscribing 60,000 ordinary shares, representing 60% of equity interest in RNSB for a total consideration of RM60,000. (b) Changes in stakes Acquisition of shares from NCI (i) On 6 March 2025, MYEGC acquired 49% equity interest in MYEG VAC for a total cash consideration of RM1, which increased the equity interest ownership from 51% to 100%. The carrying amount of MYEG VAC’s net liabilities in the Group’s financial statements at the date of change in stake was RM149,188. The Group recognised an increase in NCI by RM73,102 and a decrease in retained earnings by RM73,102. (ii) On 3 May 2024, MYEGJOBS acquired 40% equity interest in MTSSB from the other shareholder of Hurr Tv for a total cash consideration of RM60,000, which increased the equity interest ownership from 60% to 100%. The carrying amount of MTSSB’s net liabilities in the Group’s financial statements at the date of change in stake was RM2,407,273. The Group recognised an increase in NCI by RM902,909 and a decrease in retained earnings by RM962,909. Disposal of shares to NCI (i) On 10 June 2025, MYDC disposed of 210,000 ordinary shares, representing 5% equity interest in Zetrix for a total cash consideration of RMNil, which decreased the equity interest ownership from 56% to 51%. The carrying amount of Zetrix’s net liabilities in the Group’s financial statements at the date of change in stake was RM2,576,729. The Group recognised an increase in retained earnings by RM128,836 and a decrease in NCI by RM128,836. (c) Additional investments in subsidiaries On 6 May 2024, MYEGJOBS subscribed for an additional 849,998 new ordinary shares in MTSSB for a total cash consideration of RM849,998, which did not result in changes in the equity interest. On 22 September 2022, MYEGI entered into a share sales agreement to incorporate a wholly-owned subsidiary in China, namely Zetrix China. The total register capital of Zetrix China is RMB1,000,000 and shall be contributed by MYEGI according to the business needs of Zetrix China and shall be fully contributed within ten (10) years after the issuance of the Zetrix China’s business license. MYEGI has contributed RMB13,500 (equivalent to RM7,587) (2024: RMB12,000 (equivalent to RM7,798)) during the financial year. (d) Acquisition of subsidiaries On 10 February 2025, MYEGC acquired 60 ordinary shares in ZFSB for a total cash consideration of RM60, which increased the effective equity interest ownership of the Group from 40% to 70%. As a result, ZFSB became a subsidiary of the Group upon the Group obtaining control over ZFSB. 238
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