Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 27

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 3
Chunk 27
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 war, terrorism, nationalism, nullification of contract, changes
in interest rates, imposition of capital controls and methods of taxation.

We face the risk that changes in the policies
of the Malaysian government could have a significant impact upon the business we may be able to conduct in Malaysia and the profitability
of such business.

Policies of the Malaysian government can have
significant effects on the economic conditions of Malaysia. A change in policies by the Malaysian government could adversely affect our
interests by, among other factors: changes in laws, regulations or the interpretation thereof, confiscatory taxation, restrictions on
currency conversion, imports or sources of supplies, or the expropriation or nationalization of private enterprises. We cannot assure
you that the government will continue to pursue current policies or that such policies may not be significantly altered, especially in
the event of a change in leadership, social or political disruption, or other circumstances affecting Malaysia’s political, economic
and social environment.

Fluctuations in
exchange rates could adversely affect our business and the value of our securities.

The value of the RM against the U. S.
dollar and other currencies may fluctuate and is affected by, among other things, changes in Malaysia’s political and economic conditions.
The value of our ordinary shares will be indirectly affected by the foreign exchange rate between U. S. dollars and RM and between those
currencies and other currencies in which our sales may be denominated. Appreciation or depreciation in the value of the RM relative to
the U. S. dollar would affect our financial results reported in U. S. dollar terms without giving effect to any underlying change in our
business or results of operations. Currently, we rely entirely on revenues earned in Malaysia, any significant revaluation of RM may materially
and adversely affect our cash flows, revenues and financial condition. For example, to the extent that we need to convert U. S. dollars
we receive from an offering of our securities into RM for our operations, appreciation of the RM against the U. S. dollar could cause the
RM equivalent of U. S. dollars to be reduced and therefore could have a material adverse effect on our business, financial condition and
results of operations. Conversely, if we decide to convert our RM into U. S. dollars for the purpose of making dividend payments on our
ordinary shares or for other business purposes and the U. S. dollar appreciates against the RM, the U. S. dollar equivalent of the RM we
convert would be reduced. In