Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 115

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 115
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 ended June
30, 2025, in conformity with IFRS Accounting Standards as issued by the International Accounting Standards Board.

Emphasis of Matter - Restatement

As discussed in Note 24 to the consolidated
financial statements, the accompanying consolidated statement of cash flows for the years ended June 30, 2024 and 2023 have been
restated to correct misstatements. Our opinion on the consolidated financial statements is not modified
in respect of this matter.

Basis for Opinion

These consolidated financial statements are the
responsibility of the Group’s management. Our responsibility is to express an opinion on the Group’s consolidated financial
statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United
States) (“ PCAOB”) and are required to be independent with respect to the Group in accordance with the U. S. federal securities
laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the
standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated
financial statements are free of material misstatement, whether due to error or fraud. The Group is not required to have, nor were we
engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding
of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Group’s
internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess
the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures
that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the
consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by
management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide
a reasonable basis for our opinion.

  /s/ AOGB CPA Limited  

Hong Kong, Hong Kong

October 31, 2025

We have served as the Group’s auditor since
2024.

AOGB CPA Limited, Suite 2501-03, Tesbury Centre,
28 Queen’s Road East, Admiralty, Hong Kong

Tel: 2152-2238, Website: www.