ANNUAL REPORT 2021 257 ADDITIONAL INFORMATION 1. UTILISATION OF PROCEEDS The status of the utilisation of proceeds raised from the following private placement exercises as at 31 March 2022 are as follow:- i. The first tranche of the Private Placement I amounting to RM216.0 million, which was completed on 17 December 2020 following the listing and quotation of 120,000,000 new MYEG ordinary shares (“Placement Shares I”) on the Main Market of Bursa Securities (“Private Placement I”): Descriptions Proposed Utilisation Actual Proceeds raised from the Private Placement I Actual Utilisation Balance Estimated timeframe for the utilisation of proceeds from the date of listing of the Placement Shares I RM’ mil RM’ mil RM’ mil RM’ mil Development of foreign workers hostels under the foreign workers’ accommodation programme 94.5 50.0 21.9 28.1 Within 24 months Development of healthcare related services 168.0 89.0 89.0 - Within 24 months Purchase of fixed assets and related solutions for the e-government concession services 126.0 67.0 67.0 - Within 12 months Working capital 9.1 5.5 5.5 - Within 12 months Estimated expenses for the Private Placement I 9.4 4.5 4.5 - Immediate Total 407.0 216.0 187.9 28.1 ii. The first tranche of the Private Placement II amounting to RM214.2 million, which was completed on 29 October 2021 following the listing and quotation of 210,000,000 new MYEG ordinary shares (“Placement Shares II”) on the Main Market of Bursa Securities (“Private Placement II”): Descriptions Proposed Utilisation Actual Proceeds raised from the Private Placement II Actual Utilisation Balance Estimated timeframe for the utilisation of proceeds from the date of listing of the Placement Shares II RM’ mil RM’ mil RM’ mil RM’ mil Development of healthcare related services and healthcare related technology 60.0 42.0 42.0 - Within 24 months Development of automated driving test and training system and purchase of hardware 60.0 42.0 42.0 - Within 24 months Development of blockchain products and services 175.0 125.0 66.8 58.2 Within 24 months Working capital 7.7 0.9 0.9 - Within 12 months Estimated expenses for the Private Placement II 6.3 4.3 4.3 - Immediate Total 309.0 214.2 156.0 58.2 ADDITIONAL COMPLIANCE INFORMATION
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