NOTES TO THE FINANCIAL STATEMENTS 39. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED) Significant events during the financial year are as follows: (continued) (a) Dagang NeXchange Berhad (“the Company”), Dagang Net Technologies Sdn. Bhd. (“Dagang Net”), DNeX Telco Services Sdn. Bhd. (“DTS”), PT Dagang Samudera Hutama (“PT DSH”) and PT DNeX Telco Indonesia (“PT DTI”) (the Company, Dagang Net, DTS, PT DSH and PT DTI shall collectively be referred to as “the Group” or “the Plaintiffs”) vs Mohd Ismail Khan bin Wazir Khan, the former Chief Executive Officer of DTS (“the Defendant”): (continued) The Judge on 19 July 2024 has decided as follows: (continued) During the decision on 19 July 2024, the High Court has allowed the Plaintiffs’ claim and had granted the following reliefs:(continued) 3. An account of profits obtained by the Defendant for the sum of USD1,335,000 and/or all secret profits and/ or other benefits procured through the ROV Acquisition; 4. Special damages in the sum of USD1,250,000 and IDR23,764,196,250 to be paid by the Defendant to the Plaintiffs; 5. Pre-judgement interest on the sums adjudged by this Honourable Court at the rate of 5% per annum calculated from 15 November 2022 until the date of this judgement; 6. Post-judgement interest on the sums adjudged by this Honourable Court at the rate of 5% per annum calculated from the date of this judgement until its full realisation; and 7. Costs of RM150,000 to be paid by the Defendant to the Plaintiffs. A Notice of Appeal has been filed by the Defendant on 22 July 2024 at the Court of Appeal. The Court of Appeal has fixed a further Case Management on 2 July 2025 to update the Court on the status of the High Court’s grounds of judgement. The Court has fixed another Case Management on 1 October 2025 to update the Court on the status of the Grounds of judgement. The Defendant’s Solicitors also has informed that they are currently in the process of changing solicitors and obtaining fresh sanction from the Director General of Insolvency (DGI). The Court has fixed another Case Management on 6 November 2025 to update the Court on the filing of the Supplementary Record of Appeal as the Grounds of Judgement has been made available. The Court of Appeal has fixed the matter for Case Management on 19 August 2026 to monitor compliance of filing of submissions and hearing on 2 September 2026. The directors are of the opinion that the above matters are probable of resulting in an inflow of economic resources to the Group. As the outcomes are subject to final determination, no assets have been recognised in the financial statements. 219 OPERATIONAL REVIEW SUSTAINABILITY STATEMENT GOVERNANCE FINANCIAL STATEMENTS SHAREHOLDERS’ INFORMATION INTELLIGENCE POWERING
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