Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 40

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 4
Chunk 40
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ITEM 4. INFORMATION ON THE COMPANY

4. A. History and Development of the Company

Our Corporate History

In October 1997, ARB Berhad, our former controlling
shareholder and parent company, was incorporated in Malaysia. Since February 2004, it has been listed on the Main Market of Bursa Malaysia
Securities Berhad. ARB Berhad commenced IoT business in 2019, starting with offering smart home and building solutions.

On March 1, 2022, ARB IOT Group Limited was incorporated
under the laws of Cayman Islands as an indirect wholly owned subsidiary of ARB Berhad. Following the completion of a restructuring in
March 2022, ARB IOT Group Limited became an indirect holding company of our operating subsidiaries in Malaysia.

On June 9, 2022, we subdivided all of our 50,000
authorized shares of par value $1.00 each into 500,000,000 shares, par value $0.0001 each, resulting in our then existing shareholder
holding 10,000 ordinary shares of par value $0.0001. On June 9, 2022, an additional 9,990,000 ordinary shares were issued to ARB IOT Limited
for a purchase price of $0.0001 per share. On September 19, 2022, ARB IOT Limited subscribed for another 15,000,000 ordinary shares, at
a purchase price of $0.0001 per share.

On April 10, 2023, we closed our initial public
offering of 1,250,000 ordinary shares, at an offering price of $4.00 per ordinary share, for gross proceeds of approximately $5.0 million.
Our ordinary shares began trading on The Nasdaq Capital Market on April 5, 2023, under the symbol “ ARBB.” On April 25, 2023,
we completed the sale of an additional 187,500 ordinary shares at the public offering price of $4.00 per share, pursuant to the exercise
by the underwriter of the over-allotment option, in full, granted to it in connection with our initial public offering.

We have benefited from
ARB Berhad’s experience, reputation and network in the IT industry. Prior to the completion of our initial public offering on April
10, 2023, we operated as an operating segment of ARB Berhad. As an operating