NOTES TO THE FINANCIAL STATEMENTS 39. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONTINUED) Significant events during the financial year are as follows: (continued) (b) Material litigation between Dagang NeXchange Berhad, DNeX Semiconductor Sdn. Bhd., Mimastronics Technologies Company Limited and Tethystronics Technologies Company Limited (continued) iii. Commencement of Arbitration by TTCL against DNeX Semi and Silterra (continued) (b) Relief and Remedy sought by TTCL (continued) 7. An injunction against DNeX Semi and Silterra (or any of them), their servants and/or agents restraining them from acting upon or giving effect to Appointment MWR or any resolution for the appointment of Impugned Directors. 8. An injunction against DNeX Semi and Silterra (or any of them), their servants and/or agents restraining them from acting upon or giving effect to the Rescission DWR. 9. An injunction against DNeX Semi and Silterra (or any of them), their servants and/or agents restraining them from acting upon or giving effect to any DWR passed with the votes of the Impugned Directors or to take steps to propose or pass any DWR that is dependent on the votes of the Impugned Directors. 10. An injunction against DNeX Semi and Silterra (or any of them), their servants and/or agents restraining them from representing to anyone or holding out the Impugned Directors as the Directors of Silterra, or permitting the Impugned Directors as the Directors of Silterra, or permitting the Impugned Directors or any of them to hold themselves out as the Directors of Silterra. 11. An order for DNeX Semi to indemnify TTCL for all loss and damage suffered, the amount of which is to be assessed. 12. Damages to be assessed. 13. Interest. 14. Costs. 15. Such further orders deemed appropriate by the Tribunal. The Company does not expect any material financial impact by reason of the relief and remedy sought by TTCL arising from the arbitration other than legal cost to be incurred. No material operational impact is expected arising from the arbitration. None of the Directors and/or major shareholders of the Company and/or persons connected with them have any interests, direct or indirect, in the aforesaid arbitration proceedings. AIAC had issued the final award on 24 January 2025 and the arbitrator awarded that TTCL, the minority shareholder of Silterra is entitled to appoint 3 members of the board of Directors of Silterra and that the Constitution of Silterra shall be amended accordingly. DNeX INTEGRATED REPORT 2025 224 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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