Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 41

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 4
Chunk 41
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 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 September 29, 2023,
ARB IOT Limited who then directly held 25,000,0000 ordinary shares of the Company, declared a dividend in specie of the Shares to be paid
to ARB Holdings Sdn. Bhd., the sole shareholder of ARB IOT Limited. On October 2, 2023, ARB Holdings Sdn. Bhd. declared a dividend in
specie of the 25,000,000 ordinary shares to be paid to ARB Berhad, the sole shareholder of ARB Holdings Sdn. Bhd. As a result, ARB Berhad
directly held 25,000,000 ordinary shares of our Company as of October 2, 2023.

On February 5, 2024,
ARB Berhad effected a distribution of 17,496,142 ordinary shares it held in us, to its shareholders (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 are no longer deemed a “controlled company” under the
Nasdaq Rules, and we are no longer included in ARB Berhad’s consolidated group for Malaysian income tax, accounting or public company
reporting purposes.

Subsequently on May 6,
2024, ARB Berhad transferred such 7,503,858 ordinary shares of our Company, or approximately 28.38% of our issued and outstanding ordinary
shares to ARB IOT Limited.

On May 14, 2025, the
shareholders of the Company approved on the share consolidation of the Company’s issued and unissued ordinary shares at a ratio
of not less than one (1)-for-two