Dagang NeXchange Berhad Annual Report 2023

30. DIVIDENDS Dividends recognised by the Company: Sen per share Total amount RM’000 Date of payment In respect of the financial year ended 30.6.2022 Interim dividend ordinary 0.6 18,934 20 April 2022 31. INCORPORATION/ACQUISITION OF SUBSIDIARIES (i) During the current financial period, details of the incorporations of subsidiaries are as follows: a) On 24 July 2023, the Company incorporated DNeX Mena Sdn. Bhd. consisting of 1 ordinary share for a total consideration of RM1; and b) On 7 November 2023, DNeX Mena Sdn. Bhd., a wholly owned subsidiary of the Company had incorporated DNeX (Beijing) Technology Co. Ltd. with registered capital of Chinese Yuan (“CNY”) 20,000,000. (ii) In the previous financial year, the Company had announced that Khazanah Nasional Berhad (“Khazanah”), informed the Company and its strategic partner (“Consortium”) that it had accepted the bid by the Consortium led by the Company for the proposed sale of the entire issued share capital of Silterra Malaysia Sdn. Bhd. (“Silterra”) by Khazanah, subject to the signing of a definitive agreement (“Silterra Acquisition”). On 31 March 2021, the Company and Beijing Integrated Circuit Advanced Manufacturing and High–End Equipment Equity Investment Fund Center (Limited Partnership) (“CGP Fund”) had together entered into a conditional share sale and purchase agreement (“SSPA”) with Khazanah for the acquisition by the Company and CGP Fund (as purchasers) of the entire issued share capital of Silterra as at the completion date of the SSPA, representing the entire equity interest in Silterra for a purchase consideration of RM273,000,000 to be satisfied entirely through cash (“Purchase Consideration”). In this regard, the Purchase Consideration attributable to the Company’s 60% equity interest in Silterra amounted to RM163,800,000. On 26 July 2021, the Company announced that all conditions precedent pursuant to the SSPA have been fulfilled, and that the payment for the Purchase Consideration have been settled in full. Pursuant thereto, the Silterra Acquisition was deemed completed. Financial Statements DAGANG NeXCHANGE BERHAD 270 NOTES TO THE FINANCIAL STATEMENTS

RkJQdWJsaXNoZXIy NDgzMzc=