Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 118

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 118
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 lines, which are IoT Smart Buildings and Engineering,
IoT Smart Agriculture and IoT System Development. The Company is principally engaged in investment holding activities. The principal activities
of the subsidiaries are described in Note 2 Principles of consolidation to the consolidated financial statements. The principal place
of business of the Company is located at No. 17-03, Q Sentral, 2A, Jalan Stesen Sentral 2, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia.

The Company’s former controlling shareholder was ARB Berhad,
a company incorporated in October 1997 in Malaysia and becoming listed on the Main Market of Bursa Malaysia Securities Berhad in February
2004.

On February 5, 2024, ARB Berhad announced that
the distribution-in-specie (the “ Distribution-In-Specie”) of17,496,142ordinary shares in ARB IOT Group Limited (the “ Distributable
Shares”), representing approximately66.18% equity interest held by ARB Berhad in the Company has been distributed to the Entitled
Shareholders (as defined below), on the basis of14Distributable Shares for every1,000ordinary shares in ARB Berhad (“ ARB Berhad
Shares”) held by the Entitled Shareholders of ARB Berhad whose name appear in the record of depositors of ARB Berhad Shares as of
January 22, 2024 (“ Entitled Shareholders”).

Subsequent to the completion of Distribution-In-Specie,
the Group had ceased to be subsidiaries of ARB Berhad under Malaysia law because ARB Berhad holds7,503,858ordinary shares in the Company,
or approximately28.38% of the Company following the Distribution-In-Specie.

On May 6, 2024, ARB Berhad transferred7,503,858Ordinary
Shares of our Company, or approximately28.38% of our issued and outstanding Ordinary Shares to ARB IOT Limited, an indirect subsidiary
of ARB Berhad wholly-owned through its direct subsidiary Nexura Solution Sdn. Bhd. (“ Nexura”)(formerly known as ARB
Holdings Sdn. Bhd.).

On July 1, 2024, Cahaya Fantasi Sdn. Bhd. (“ Cahaya”), a
Malaysian company subscribed for4,000,000ordinary shares of Nexura at a price of RM0.1per share, for a total consideration
of RM