DIRECTORS’ REPORT FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 EMPLOYEE SHARE OPTION SCHEME At an extraordinary general meeting held on 1 April 2021, the shareholders of the Company approved as follows: i) establishment of a new ESOS of up to 5% of the total number of issued shares of the Company (excluding treasury shares, if any) at any point in time over the duration of the new ESOS for the eligible directors and employees of the Company and its subsidiaries (excluding dormant subsidiaries); and ii) allocation of ESOS Options to the Directors of the Company. A variation of the ESOS into the Long-Term Incentive Plan (“LTIP”) was approved by shareholders on 26 June 2025. Consequently, the ESOS By-Laws was amended into the LTIP By-Laws to allow for the granting of both ESOS options and Share grants within the existing 5% limit of the issued share capital of DNeX as approved under the existing ESOS. On 16 January 2026, the LTIP has been extended for another 5 years, expiring on 5 April 2031, in accordance with the terms of the LTIP By-Laws. The options offered for the subscription of unissued ordinary shares, the exercise price and the number of share options exercisable at end of the reporting period are as follows: Number of options over ordinary shares Exercise Forfeited/ At Date of offer price At 1.1.2025 Granted Exercised Lapsed 31.12.2025 12 April 2021 RM0.755 10,492,750 - - - 10,492,750 19 May 2021 RM0.635 10,000,000 - - - 10,000,000 1 March 2021 RM1.032 19,450,350 - - (3,706,652) 15,743,698 1 March 2023 RM0.580 6,227,200 - - (1,327,780) 4,899,420 30 May 2025 RM0.266 - 45,750,000 - (3,000,000) 42,750,000 5 June 2025 RM0.261 - 3,000,000 - - 3,000,000 4 July 2025 RM0.265 - 10,000,000 - - 10,000,000 46,170,300 58,750,000 - (8,034,432) 96,885,868 Details of ESOS granted to the Directors are disclosed in the Directors’ interests section of the financial statements. WARRANTS 2025/2030 A total of 1,157,306,043 free warrants were issued by the Company (“Warrants 2025/2030”) to entitled shareholders on 24 July 2025 and listed and quoted on the Main Market of Bursa Malaysia Securities Berhad on 28 July 2025. The warrants carry an exercise price of RM0.19 per share and are exercisable until 23 July 2030. The warrants were constituted by the Deed Poll dated 26 June 2025. The movement of the warrants since the listing and quotation thereof is as follows: Entitlement for ordinary shares At 1.1.2025 Issued Exercised At 31.12.2025 Number of unexercised Warrants - 1,157,306,043 (4,319,330) 1,152,986,713 DNeX INTEGRATED REPORT 2025 128 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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