Company: ARBB
Filing Date: 2025-03-13
Form Type: F-3
Source: 0001213900-25-023721
Chunk: 5

Company: ARB IOT Group Ltd
Filing Date: 2025-03-13
Form: F-3
Chunk 5
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 our operations into three business lines for the fiscal year ended June 30, 2024. In light of significant declines in activity within our IoT Smart Agriculture and IoT System Development verticals, we merged these two historical verticals into a single, streamlined business line.

| ● | IoT Smart Home & Building.                                                                                                               
 We offer smart home solutions which include design, procurement and provision of smart home products and devices, integration services   
 as well as comprehensive professional electrical wire installation and home data network setup for homeowners. We also provide smart     
 building solutions which include design, procurement, installation, testing, pre-commissioning and commissioning of various IoT systems, 
 solutions and devices as well as integration of automated systems for smart buildings, including installation of wire and wireless       
 and mechatronic works for property developers and contractors.                                                                           |
| ● | IoT Smart Agriculture and System Development.                                                                                            
 We carry out services of system development, supply, installation, commissioning and testing of smart systems which include IoT concept  
 and functionality to the existing systems across various industries.                                                                     |

We have benefited from ARB Berhad’s experience, reputation and network in the IT industry. Prior to the completion of our initial public offering on April 10, 2023, we operated as an operating segment of ARB Berhad. As an operating segment of a seasoned public company, we have gained from established business processes and a veteran leadership team, allowing us to focus our attention on growing and developing our IoT business. While our history with ARB Berhad has provided us with certain competitive advantages, we believe that the separation and our initial public offering and listing on the Nasdaq help promote clearer segregation of business responsibilities and operations for the IoT segment, thereby enabling efficient allocation of resources to accelerate the growth of our IoT business, and allow us to have direct access to a globally recognized stock exchange, which may increase our financial flexibility to explore expansion and growth prospects and enhance our corporate reputation and recognition. On February 5, 2024, ARB Berhad effected a distribution of 17,496,142 Ordinary Shares it held in us, to its shareholders, or the Distribution. Immediately following the Distribution, ARB Berhad held 7,503,858 Ordinary Shares of our Company, or approximately 28.38% of our issued and outstanding Ordinary Shares. As a result of the Distribution, we have no longer been deemed a “controlled company” under the Nasdaq Rules, and we were no longer included in ARB Berhad’s consolidated group for Malaysian income