Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 119

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 119
---
400,000. As a result of this subscription, Cahaya acquired90.9% of the outstanding ordinary shares and voting power of
Nexura and ARB Berhad held the remaining9.1% of Nexura. On May 27, 2025, ARB Berhad disposed its9.1% Nexura shares to Cahaya.

On June 9, 2025, ARB IOT Limited distributed the
entire shares it held in the Company to its sole owner, Nexura. Subsequently, Nexura further distributed such shares to its sole owner,
Cahaya. Cahaya subsequently declared a distribution of these shares to its six (6) shareholders in proportion to their respective ownership
interests in Cahaya. On June 17, 2025, the six (6) shareholders received their respective portions of these shares of the Company. As
a result of these distributions, ARB IOT Limited no longer beneficially owns any ordinary share in the Company.

The consolidated financial statements are presented
in Ringgit Malaysia (“ RM”). The functional currency of the Company and its subsidiaries is primarily the currency of their
country of domicile, which the functional currency of the Company is United States Dollar (“ USD”) and the subsidiaries is
Ringgit Malaysia (“ RM”) or Singapore Dollar (“ SGD”).

The conversion from Ringgit Malaysia into U. S.
dollars (“ USD”) was made at the exchange rate as of June 30, 2025 on which USD1.00equaled RM4.2150. The use of USD is solely
for the convenience of the reader.

2. MATERIAL ACCOUNTING POLICY INFORMATION

This summary provides a list of the material accounting policy information
adopted in the preparation of these consolidated financial statements to the extent they have not been disclosed in the other notes below.
The policies have been consistently applied to all the years presented, unless otherwise stated. The consolidated financial statements
are for the Group consisting of ARB IOT Group Limited and its subsidiaries.

Basis for preparation

These consolidated financial statements have been prepared in accordance
with IFRS Accounting Standards as issued by the International Accounting Standards Board (the “ IASB”). The Group complies
with all applicable requirements of IFRS Accounting Standards. The material accounting policies applied in the preparation of these consolidated
financial statements are set out below. These policies have been consistently applied.

For the year ended June 30, 2025 and 2024,
the Group incurred a net loss of