Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 36

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 3
Chunk 36
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 are permitted to follow the governance
practices of our home country, the Cayman Islands, in lieu of certain corporate governance requirements of Nasdaq. As result, the standards
applicable to us are considerably different than the standards applied to domestic U. S. issuers. For instance, we are not required to:

  have a majority of the board be independent (although all of the members of the audit committee must be independent under the Exchange Act);  
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  have a compensation committee and a nominating committee to be comprised solely of “independent directors”; or  

  hold an annual meeting of shareholders no later than one year after the end of our fiscal year.  

As a result, if we rely on some of these exemptions,
our shareholders may not be provided with the benefits of certain corporate governance requirements of Nasdaq.

If the ownership of our ordinary shares
continues to be concentrated, it may prevent you and other minority shareholders from influencing significant corporate decisions and
may result in conflicts of interest.

As of the date of this Annual Report, our Chairman
and Chief Executive Officer, Liew Kok Leong, beneficially owns approximately 27.1% of the Company’s voting power. This concentration
of ownership may delay, deter or prevent acts that would be favored by our other shareholders. The interests of Liew Kok Leong may not
always coincide with our interests or the interests of our other shareholders. This concentration of ownership may also have the effect
of delaying, preventing or deterring a change in control of our Company. Also, Liew Kok Leong may seek to cause us to take courses of
action that, in its judgment, could enhance its investment in us, but which might involve risks to our other shareholders or adversely
affect us or our other shareholders. As a result, the market price of our shares could decline, or shareholders might not receive a premium
over the then-current market price of our shares upon a change in control. In addition, this concentration of share ownership may adversely
affect the trading price of our shares because investors may perceive disadvantages in owning shares in a company with significant shareholders.

Our amended and restated memorandum and
articles of association contain anti-takeover provisions that could discourage a third party from acquiring us, which could limit our
shareholders’ opportunity to sell their shares at a premium.

Our amended and restated memorandum and articles
of association contain