AwanBiru Technology Berhad - Annual Report 2021

Additional Compliance Information (In accordance with Appendix 9C of the Bursa Malaysia Securities Berhad Main Market Listing Requirements) 1. UTILISATION OF PROCEEDS FROM CORPORATE PROPOSALS The Company had, on 30 November 2020, completed the following corporate exercises: a) Private placement of 79,579,740 new ordinary shares at an issue price of RM0.35 per share together with 79,579,740 warrants (“ Private Placement ”); and b) Rights issue of 176,842,127 new ordinary shares at an issue price of RM0.20 per share together with 176,842,127 warrants (“ Rights Issue ”). The gross proceeds raised from the Private Placement and Rights Issue exercise were RM63,222,000.00 and the utilisation status as at 30 June 2021 is set out below: Description Estimated timeframe for utilisation upon listing Proposed utilisation (RM’000) Actual utilisation (RM’000) Balance (RM’000) Working capital for expansion of existing business Business expansion for new product offering and services Full repayment of advances from Directors as well as redemption of the RSLS Estimated expanses in relation to the Corporate Exercises Within 12 months Within 12 months Within 3 months Upon completion 28,309 17,513 16,500 900 14,500 – 16,500 900 13,809 17,513 – – Total Gross Proceed 63,222 31,900 31,322 2. AUDIT AND NON-AUDIT FEES The amount of audit and non-audit (inclusive of assurance related services) fees paid or payable to Messrs. Crowe Malaysia PLT, the auditors of the Company and Group, for work performed during the financial year are as follows: Group (RM) Company (RM) Audit Fees 174,000 64,000 Non-Audit Fees 6,000 6,000 Note: The Group engaged the external auditors, and its local affiliated companies for the non-audit works for the preparation, review and submission of tax returns and tax advisory services on businesses. 3. MATERIAL CONTRACTS INVOLVING INTERESTS OF DIRECTORS AND MAJOR SHAREHOLDERS There were no material contracts entered into by the Company and/or its subsidiaries involving interests of Directors and major shareholders during the financial year. 4. MATERIAL LITIGATION Prestariang Skin Sdn Bhd (“ PSKIN ”), a wholly owned subsidiary of Awantec Services Sdn. Bhd. (formerly known as Prestariang Services Sdn. Bhd.), which is a subsidiary of the Group has filed and served an Originating Summons (“ OS ”) dated 15 April 2019 against the Government of Malaysia (“ GOM ”) claiming the amount of RM733 million in relation to the termination of the Sistem Kawalan Imigresen Nasional (“ SKIN ”) by expropriation. The Group remains positive on the compensation amount based on the formula stipulated under the Concession Agreement. Awantec | Transparency Annual Report 2021 120