45 www.excelforce.com.my MATERIAL CONTRACTS There was no material contract between the Company and its subsidiaries companies involving the Directors and major shareholders' interests, either still subsisting at the end of the financial year or entered since the end of the previous financial period. STATUTORY AUDIT AND NON-STATUTORY AUDIT FEES The amount of audit and non-audit fees incurred for the services render by external auditors of the Group for the financial year ended 30 June 2024 are as follows: Group RM Company RM Audit fees 75,000 40,000 Non-audit fees 5,000 5,000 CHANGES IN THE COMPOSITION OF THE GROUP On 30 September 2023, the Group conducted a corporate reorganisation exercise. This reorganisation is to transfer all existing operating businesses into a wholly-owned subsidiary, E2 Trade Sdn. Bhd., thereby turning the listed company (listco) into a holding company structure. On 29 March 2024, the Group has released announcement on the completion of acquisition of 100% shareholding in Universal Capital Co Ltd (formerly known as Orca Capital Holdings Ltd). UTILISATION OF PROCEEDS No proceeds were raised by the Company from any corporate proposal during the financial year ended 30 June 2024. SEASONALITY OR CYCLICALITY OF INTERIM OPERATIONS There were no seasonal or cyclical factors affecting the results of the Group for the current financial year ended 30 June 2024. Additional Compliance Information
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