38. SIGNIFICANT EVENTS DURING THE FINANCIAL PERIOD (CONTINUED) Significant events during the financial period are as follows:- (continued) (c) 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) 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. The Group and the Company do not expect any material financial impact by reason of the commencement of the said arbitration proceedings other than legal cost to be incurred. Silterra remains a 60% owned subsidiary of DNeX Semi which in turn is a subsidiary of the Company. No material operational impact is expected arising from the arbitration. 39. COMPARATIVE FIGURES The Company had changed its financial period end from 30 June to 31 December. Consequently, the comparative figures for the statements of profit or loss and other comprehensive income, statements of changes in equity, statements of cash flows and their related notes are not comparable to that for the current 18–month period ended 31 December 2023. Integrated Report 2023 305
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