NOTES TO THE FINANCIAL STATEMENTS 18. CAPITAL AND RESERVES (CONTINUED) Share option reserve (continued) 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 Date of offer Exercise price At 1.1.2025 Granted Exercised Forfeited/ Lapsed At 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 The number of options exercisable as at 31 December 2025 was 51,664,248 units (2024: 45,393,060 units) and have an exercise price in the range of RM0.261 to RM1.032 (2024: RM0.580 to RM1.032) and a weighted average contractual life of 5 years (2024: 5 years). The fair values of the share options granted were estimated using the Binomial Option pricing model, taking into account the terms and conditions upon which the options were granted. The fair values of the share options measured at grant date and the assumptions used are as follows: Date of offer 12 April 2021 19 May 2021 1 March 2022 1 March 2023 Fair value of share options at the grant date RM0.352 RM0.365 RM0.508 RM0.253 Weighted average ordinary share price RM0.839 RM0.704 RM1.120 RM0.605 Exercise price of share option RM0.755 RM0.635 RM1.032 RM0.580 Expected volatility 39.85% 39.85% 50.36% 59.15% Expected life 5 years 5 years 5 years 5 years Risk free rate 3.96% 3.96% 3.90% 3.90% Expected dividend yield - - - 0.55% Date of offer 30 May 2025 5 June 2025 4 July 2025 Fair value of share options at the grant date RM0.126 RM0.139 RM0.137 Weighted average ordinary share price RM0.280 RM0.295 RM0.295 Exercise price of share option RM0.266 RM0.261 RM0.265 Expected volatility 46.20% 44.71% 44.73% Expected life 5 years 5 years 5 years Risk free rate 3.50% 3.50% 3.50% Expected dividend yield - - - DNeX INTEGRATED REPORT 2025 180 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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