DailySpaceNetX Holdings Berhad
0020 · ACE Market创业板（ACE Market） · annual reports 2023 to 2025, 435 entries read2023 至 2025 年报，共读出 435 条
The company这家公司
NetX operates in non-payment and IT network services, money lending through 60%-owned subsidiary eMicro, money services through a currency exchange outlet, mobile applications such as GemSpot, and property investment.NetX 经营非支付与 IT 网络服务、通过持股 60% 的子公司 eMicro 提供放贷服务、通过货币兑换店提供货币兑换服务、开发诸如 GemSpot 等手机应用，以及进行产业投资。
Sources (2)出处（2）
The Group undertakes its money lending services through its 60%-owned subsidiary, eMicro.
Core attention will remain on Non-payment & IT Network services and Money Lending, with efforts to enhance technology-driven solutions and digital offerings in line with market trends.
In 2024 the group added digital out-of-home advertising through GEM Live, and exited the florist, food and beverage, and fast food businesses under a repositioning strategy.2024 年，集团通过 GEM Live 拓展了户外数字广告业务，并在重新定位策略下退出了花艺、餐饮及快餐业务。
Sources (3)出处（3）
The latest addition to the Group’s business portfolio is Digital Out-of-Home (DOOH) advertising through GEM Live, marking NetX’s expansion into the fast-growing digital media sector.
This was in line with the Group’s repositioning strategy, which involved discontinuing operations in the florist, F&B, and fast food industry.
After evaluating the challenges faced in the florist and F&B industries, and acknowledging the lack of in-depth expertise, GEM decided to exit these businesses in July 2024 to focus on the development and growth of the GemSpot application.
In 2025, Malaysia accounted for all external revenue of RM8,900,404, compared with RM10,780,779 in 2024, when Hong Kong contributed RM1,566,404. Sales of software and hardware contributed RM3,124,605, interest income RM2,699,977, rental income RM1,316,067, solutions and services RM607,953, advertising display contracts RM566,931, and foreign currency trading RM417,066.2025 年，马来西亚占全部外部营业额 RM8,900,404，而 2024 年为 RM10,780,779，当时香港贡献了 RM1,566,404。按业务分，软硬件销售贡献 RM3,124,605，利息收入 RM2,699,977，租金收入 RM1,316,067，解决方案与服务 RM607,953，广告展示合约 RM566,931，外币交易 RM417,066。
Sources (9)出处（9）
Hong Kong 1,566,404 -
Interest income 2,699,977 2,185,641
- Foreign currency trading 417,066 305,040
- Solutions and services 607,953 4,722,029
Advertising display contracts 566,931 -
Rental income 1,316,067 579,110
Sales of software and hardware 3,124,605 2,964,730
Malaysia 8,900,404 10,780,779
Hong Kong - 1,566,404
The group owns a 4 storey corner terraced shop office in Kota Damansara, 6 retail units in Sungei Wang Plaza, and 1 retail unit at Solaris Dutamas. Rental income recognised from investment properties was RM870,801 in 2023, RM1,129,593 in 2024, and RM1,691,722 in 2025.集团在 Kota Damansara 拥有一栋 4 层转角排式店铺办公室、在金河广场拥有 6 间零售单位，以及在 Solaris Dutamas 拥有 1 间零售单位。投资产业确认的租金收入在 2023 年为 RM870,801，2024 年为 RM1,129,593，2025 年为 RM1,691,722。
Sources (4)出处（4）
The rental income earned by the Group from its investment properties which are leased out under operating leases, amounting to RM870,801 (2022: RM1,619,262).
The rental income recognised by the Group from its investment properties which are leased out under operating leases, amounting to RM1,129,593 (2023: RM870,801).
The Group currently owns a 4 storey corner terraced shop office in Kota Damansara, 6 retail units in Sungei Wang Plaza and 1 retail unit at Solaris Dutamas.
The rental income recognised by the Group from its investment properties which are leased out under operating leases, amounting to RM1,691,722 (2024: RM1,129,593).
Fintec Global Limited holds 193,990,000 shares (20.68%) directly, and Fintec Global Berhad holds the same shares indirectly. Director Tan Sik Eek holds 40,000,000 shares (4.27%) and is managing director and 0.01% shareholder of Fintec Global Berhad. Morgan Stanley held 51,606,475 shares (5.50%) in 2023, 62,606,475 shares (6.68%) in 2024, and 131,736,375 shares (14.05%) in 2025 through an exempt nominee account. A pledged securities account for Chok Pui Woon held 2,113,400 shares (0.23%) in 2023 and 2,093,400 shares (0.22%) in 2025.Fintec Global Limited 直接持有 193,990,000 股（20.68%），Fintec Global Berhad 间接持有同一批股份。董事 Tan Sik Eek 持有 40,000,000 股（4.27%），并担任 Fintec Global Berhad 的董事经理且持股 0.01%。Morgan Stanley 在 2023 年持有 51,606,475 股（5.50%），2024 年持有 62,606,475 股（6.68%），2025 年通过豁免代名人账户持有 131,736,375 股（14.05%）。Chok Pui Woon 的质押证券账户在 2023 年持有 2,113,400 股（0.23%），在 2025 年持有 2,093,400 股（0.22%）。
Sources (11)出处（11）
Fintec Global Limited 193,990,000 20.68 - -
Morgan Stanley 51,606,475 5.50 - -
Tan Sik Eek 40,000,000 4.27 - -
2,113,400 0.23 PLEDGED SECURITIES ACCOUNT FOR CHOK PUI WOON
Morgan Stanley 62,606,475 6.68 - -
Fintec Global Berhad is a Major Shareholder of NetX with a shareholding of 20.68%.
He is also the Managing Director and shareholder of Fintec Global Berhad with a shareholding of 0.01%.
Fintec Global Berhad - - 193,990,000 20.68 (1)
Tan Sik Eek 40,000,000 4.27 - -
131,736,375 14.05 EXEMPT AN FOR MORGAN STANLEY & CO. INTERNATIONAL PLC (IPB CLIENT ACCT)
2,093,400 0.22 PLEDGED SECURITIES ACCOUNT FOR CHOK PUI WOON
Directors hold board seats in other listed companies, including Fintec Global Berhad, Mlabs Systems Berhad, Symphony Life Berhad, and Nova Technology Services Berhad. CAS Consulting Services Sdn. Bhd. was appointed internal auditors on 20 March 2023 in place of Wensen Consulting (Asia) Sdn. Bhd., and each report states that internal control weaknesses were identified during the year.多名董事在其他上市公司任职，包括 Fintec Global Berhad、Mlabs Systems Berhad、Symphony Life Berhad 及 Nova Technology Services Berhad。CAS Consulting Services Sdn. Bhd. 于 2023 年 3 月 20 日取代 Wensen Consulting (Asia) Sdn. Bhd. 成为内部审计师，各年年报均披露当年发现了内部控制缺陷。
Sources (7)出处（7）
He is also a director of Fintec Global Berhad, Mlabs Systems Berhad, XOX Bhd and Symphony Life Berhad.
(b) Reviewed and recommended to the Board for approval, the appointment of CAS Consulting Services Sdn. Bhd. as new Internal Auditors of the Company in place of Wensen Consulting (Asia) Sdn. Bhd. at its meeting held on 20 March 2023.
During the financial year under review, several internal control weaknesses have been identified, all of which have been or are being addressed by the Management.
During the financial year under review, several internal control weaknesses have been identified, all of which have been or are being addressed by the Management.
He is also a director of Fintec Global Berhad, Mlabs Systems Berhad, XOX Bhd and Symphony Life Berhad.
He is also a director of Nova Technology Services Berhad (f.k.a XOX Technology Berhad), Sanichi Technology Berhad and Symphony Life Berhad.
During the financial year under review, several internal control weaknesses have been identified, all of which have been or are being addressed by the Management.
Revenue by destination, 20242024 年按地区划分的营业额
Sources (2)出处（2）
Malaysia 10,780,779 16,831,630
Hong Kong 1,566,404 -
Major events大事记
Sources (1)出处（1）
The Rights Issue with Warrants was completed on 3 November 2020 following the listing and quotation of 626,136,825 Rights Shares and 313,068,412 Warrants C, raising RM81,397,787 for the Company.
Sources (1)出处（1）
In the end of 2022, the Group received approval from Bank Negara Malaysia to operate a physical money changer outlet in Sungei Wang Plaza, a shopping mall that is located in the city centre of Kuala Lumpur.
Sources (1)出处（1）
(b) Reviewed and recommended to the Board for approval, the appointment of CAS Consulting Services Sdn. Bhd. as new Internal Auditors of the Company in place of Wensen Consulting (Asia) Sdn. Bhd. at its meeting held on 20 March 2023.
Sources (1)出处（1）
The Private Placement was completed on 8 June 2023 following the listing and quotation of 83,596,700 placement shares on the ACE Market of Bursa Securities, raising RM3,761,852 for the Company.
Sources (2)出处（2）
On 3 October 2023, NetX entered into a joint venture with Saudi Cold Storage Sdn. Bhd. (“SCS”), a wholly-owned subsidiary of Saudee Group Berhad (“Saudee”), to venture into the fast food consumer business in Malaysia.
The business is carried out under Saudi Burger Holdings Sdn. Bhd., under the brand name Saudi Burger, whereby NetX owns a 51% equity stake and SCS owns the remaining 49% equity stake.
Sources (2)出处（2）
After evaluating the challenges faced in the florist and F&B industries, and acknowledging the lack of in-depth expertise, GEM decided to exit these businesses in July 2024 and remains focus on the development and growth of the GemSpot application.
After evaluating the challenges faced in the florist and F&B industries, and acknowledging the lack of in-depth expertise, GEM decided to exit these businesses in July 2024 to focus on the development and growth of the GemSpot application.
Sources (1)出处（1）
A total 468,976,292 new Warrant D were issued by the Company on 22 July 2024 on the basis of one (1) Warrant D for every two (2) existing ordinary shares of the Company.
Sources (2)出处（2）
One of the most anticipated developments in 2025 is the full-scale launch of the EFX platform, following regulatory approval from Bank Negara Malaysia in December 2024.
In December 2024, the Group successfully obtained the necessary approval from Bank Negara Malaysia for the operation of its EFX platform.
Sources (3)出处（3）
During the financial year ended 30 November 2025, the company’s issued and paid up capital reduce from RM212,029,088 to RM12,029,088 due to completion of capital reduction requirements in accordance with Section 117 of the Companies Act 2016.
On 28 March 2025, the Company announced that the Company proposed to undertake a reduction of its issued share capital of up to RM200,000,000 pursuant to Section 117 of the Companies Act 2016.
On 23 July 2025, the Company received a notice dated 22 July 2025 from Registrar of Companies confirming that the requirements on the reduction of issued share capital of the Company has been complied in accordance with the pursuant of the Companies Act 2016.
Sources (2)出处（2）
On 1 March 2025, a global settlement was arrived at between Sungei Wang Plaza Sdn Bhd and the defendants
On 21 November 2025, the parties recorded the “Consent Judgment” before the Kuala Lumpur High Court.
Revenue and operating cash营业额与营运现金
Assets, liabilities and equity资产、负债与权益
Cash and other investments现金与其他投资
20232023 年
In June 2023 a private placement of 83,596,700 shares raised RM3,761,852, and 18,388,604 shares were issued at RM0.13 each on exercise of Warrant C. Cash and bank balances were RM65,012,643, with USD balances of RM51,425,230 and AUD balances of RM8,251,731. Term loans stood at RM25,612,644, with interest rates from 5.31% to 6.70%. The group acquired 51% of MMSB for RM332,010, 0.69% of GEM Pay for RM6,000, and 51% of Saudi Burger Holdings for RM1,020. Impairment on trade receivables was RM1,377,711 and intangible assets impairment was RM1,079,598.2023 年 6 月通过配售 83,596,700 股筹集 RM3,761,852，并因凭单 C 行权以每股 RM0.13 发行了 18,388,604 股。现金与银行结余为 RM65,012,643，其中美元结余 RM51,425,230，澳元结余 RM8,251,731。定期贷款为 RM25,612,644，有效年利率在 5.31% 至 6.70% 之间。集团以 RM332,010 收购 MMSB 51% 股权、以 RM6,000 收购 GEM Pay 0.69% 股权、以 RM1,020 收购 Saudi Burger Holdings 51% 股权。应收账款减值 RM1,377,711，无形资产减值 RM1,079,598。
Sources (12)出处（12）
The Private Placement was completed on 8 June 2023 following the listing and quotation of 83,596,700 placement shares on the ACE Market of Bursa Securities, raising RM3,761,852 for the Company.
(b) the issuance of 18,388,604 new ordinary shares at an issue price of RM0.13 each arising from the exercise of free detachable warrants (“Warrant C”).
Impairment loss on intangible assets amounted to RM1,079,598
Impairment loss on trade receivables amounted to RM1,377,711.
On 20 January 2023, e-FX, a wholly-owned subsidiary of the Company, acquired 790,500 ordinary shares in MMSB, representing 51% equity interest of MMSB from Mr. Tan Sik Eek for a total cash consideration of RM332,010.
On 1 March 2023, the Company acquired 40,000 ordinary shares in GEM Pay representing 0.69% equity interest of GEM Pay from Mr. Chen Chee Peng for a total cash consideration of RM6,000.
On 16 October 2023, the Company acquired 816,001 ordinary shares in Saudi Burger Holdings Sdn. Bhd. (“SBHSB”), representing 51% equity interest of SBHSB for a total cash consideration of RM1,020.
Australian Dollar 8,251,731 513,387 - -
United States Dollar 51,425,230 5,588,554 - -
65,012,643 62,888,025 785,880 1,376,577
The term loan bears effective interest rates ranging from 5.31% to 6.70% (2022: 5.06% to 6.20%) per annum.
Term loan 5.31 - 6.70 25,612,644 28,754,725 7,652,604 21,102,121
20242024 年
Cash and bank balances declined to RM55,500,165, including USD balances of RM52,245,048. A subsidiary entered into an agreement to issue up to 5,000,000 redeemable preference shares at RM1.00 each carrying an 8% cumulative dividend, and total liabilities rose by RM4.97 million. Goodwill was impaired by RM4,410,516, comprising RM4,244,836 for investment holdings and RM165,680 for electronic payment services. Intangible assets were impaired by RM1,852,072 to RM Nil, and an outstanding rental receivable of RM789,289 was written off following a settlement. Secured term loans decreased to RM18,497,763.现金与银行结余降至 RM55,500,165，其中美元结余为 RM52,245,048。一家子公司签署协议以每股 RM1.00 发行最多 5,000,000 股可赎回优先股，附带 8% 累积股息，总负债增加 RM4.97 million。商誉减值 RM4,410,516，包括投资控股的 RM4,244,836 和电子支付服务的 RM165,680。无形资产减值 RM1,852,072 至 RM Nil，并在达成和解后核销了 RM789,289 的应收租金。有抵押定期贷款降至 RM18,497,763。
Sources (11)出处（11）
The Group’s total liabilities increased by RM4.97 million or 12.2% mainly due to allotment of Redeemable Preference share.
The carrying amount of intangible assets as at 30 November 2024 is amounted to RM Nil.
(i) Impairment loss on intangible assets amounted to RM1,852,072; and
Impairment losses on goodwill 11 4,410,516 - - -
During the financial year, the Group fully impaired the goodwill allocated for investment holdings (SWP and SWH) amounting to RM4,244,836, and electronic payment services (MMSB) amounting to RM165,680.
During the financial year, the Group has written off the outstanding rental amounted to RM789,289 representing outstanding rental receivable from a customer as the Group has reached a global settlement between the customer amongst other that the Judgement in Default of Appearance which was entered a
United States Dollar 52,245,048 51,425,230 - -
Vietnam Dong 6,448 6,180 - - 55,500,165 65,012,643 138,300 785,880
During the financial year, a subsidiary of the Company entered into a Redeemable Preference Share (“RPS”) Subscription Agreement with third party for subscription of up to 5,000,000 RPS at an issue price of RM1.00 per RPS.
(c) a cumulative preference dividends at a fixed rate of 8% per annum;
Secured 18,497,763 25,612,644
20252025 年
Issued share capital was reduced by RM200,000,000 under Section 117 of the Companies Act 2016, moving from RM212,029,088 to RM12,029,088. Cash and bank balances were RM47,793,615, of which USD balances were RM46,532,922. Repayment of term loan took RM7,372,514, while proceeds from disposal of plant and equipment brought RM2,561,707. Impairment losses on financing receivables were RM5,659,146. A RM5,000,000 loan to Pembinaan Jaya WBW Sdn Bhd, outstanding at RM5,253,561, was impaired in the year; that borrower was wound up on 11 September 2025. Other receivables impairment was RM3,213,985, and unrealised foreign exchange loss was RM9,867,628. Gain on deemed disposal of subsidiaries was RM2,700,542; in the year, holdings in Saudi Burger Holdings fell from 51% to 49% and in EFX Global from 100% to 2%.根据 2016 年公司法令第 117 条削减股本 RM200,000,000，已发行股本由 RM212,029,088 降至 RM12,029,088。现金与银行结余为 RM47,793,615，其中美元结余 RM46,532,922。偿还定期贷款支出 RM7,372,514，出售厂房与设备所得款项为 RM2,561,707。融资应收款项减值损失为 RM5,659,146。对 Pembinaan Jaya WBW Sdn Bhd 的 RM5,000,000 贷款（未偿金额 RM5,253,561）于当年减值；该借款人于 2025 年 9 月 11 日被清盘。其他应收款项减值 RM3,213,985，未实现外汇亏损 RM9,867,628。视同处置子公司收益为 RM2,700,542；当年在 Saudi Burger Holdings 的持股由 51% 降至 49%，在 EFX Global 的持股由 100% 降至 2%。
Sources (16)出处（16）
During the financial year ended 30 November 2025, the company’s issued and paid up capital reduce from RM212,029,088 to RM12,029,088 due to completion of capital reduction requirements in accordance with Section 117 of the Companies Act 2016.
On 19 December 2024, the Company’s equity interest in Saudi Burger Holdings Sdn Bhd (“SBHSB”) reduced from 51% to 49% due to allotment of new ordinary shares and the subscription of the new allotment ordinary shares that were alloted to Saudi Cold Storage Sdn Bhd.
On 23 January 2025, the Company’s equity interest in EFX Global Pty Ltd (“EFX Global”) reduced from 100% to 2% due to allotment of new ordinary shares and the subscription of the new allotment ordinary shares that were alloted to a third party.
On 28 March 2025, the Company announced that the Company proposed to undertake a reduction of its issued share capital of up to RM200,000,000 pursuant to Section 117 of the Companies Act 2016.
Impairment losses on other receivables amounted to RM3,213,985
Unrealised loss on foreign exchange 9,867,628 6,159,176 - -
Proceeds from disposal of plant and equipment 2,561,707 442,476 - -
Repayment of term loan 35 (b) (7,372,514) (7,114,881) - -
United States Dollar 46,532,922 51,066,943 - -
47,793,615 54,322,060 18,196 138,300
Impairment losses on financing receivables 5,659,146 895,089 - -
Gain on deemed disposal of subsidiaries 2,700,542 - - -
On 10 July 2024, a “Loan Agreement” was executed between Emicro Services Sdn Bhd (“ESSB”) and Pembinaan Jaya WBW Sdn Bhd (“PJWBW”) for a loan of RM5,000,000 with interest at the agreed flat rate of one per cent (1.0%) per month for a tenure of thirty six months.
On 17 November 2025, a Notice of Termination and Letter of demand was issued to the liquidator to terminate the Agreement and to demand for the outstanding sum of RM5,253,561, being the principal loan amount and accrued interests.
The loan amounted to RM5,253,561 was impaired during the financial year ended 30 November 2025.
ESSB discovered that PJWBW was wound up on 11 September 2025 by the Kuala Lumpur High Court (Winding-Up) Petition and a liquidator was appointed.
Across the three years三年合看
The group paid no dividends in any year. Term loan balances declined from RM25,612,644 in 2023 to RM18,497,763 in 2024 and RM11,725,250 in 2025. Cash and bank balances were largely held in US Dollars, representing RM51,425,230 in 2023, RM52,245,048 in 2024, and RM46,532,922 in 2025. Total directors' remuneration was RM2,169,676 in 2024 and RM1,774,408 in 2025, with Tan Sik Eek receiving RM1,238,889 in 2024 and RM1,201,382 in 2025.集团在各年均未派发股息。定期贷款结余由 2023 年的 RM25,612,644 降至 2024 年的 RM18,497,763 及 2025 年的 RM11,725,250。现金与银行结余主要以美元持有，在 2023 年为 RM51,425,230，2024 年为 RM52,245,048，2025 年为 RM46,532,922。董事酬劳总额在 2024 年为 RM2,169,676，2025 年为 RM1,774,408，其中 Tan Sik Eek 在 2024 年获得 RM1,238,889，2025 年获得 RM1,201,382。
Sources (10)出处（10）
United States Dollar 51,425,230 5,588,554 - -
Term loan 5.31 - 6.70 25,612,644 28,754,725 7,652,604 21,102,121
Tan Sik Eek 809,919 378,000 - - - 46,558 1,238,889
United States Dollar 52,245,048 51,425,230 - -
Secured 18,497,763 25,612,644
Tan Sik Eek 766,666 378,000 - - - 56,716 1,201,382
No dividend has been paid or declared by the Company since the end of the previous financial year.
Total directors’ remuneration 1,774,408 2,169,676 690,353 690,158
United States Dollar 46,532,922 51,066,943 - -
Term loan 2.97 - 6.70 11,725,250 11,746,923 7,200,000 4,546,923
Still to be spent尚未支出的承诺
Unused proceeds from the 2020 rights issue stood at RM31.1 million in 2023, RM27.6 million in 2024, and RM19.9 million in 2025, with the timeframe extended to 3 November 2026. Unused proceeds from the eFX share issuance remained at RM9.2 million in 2023 and RM8.4 million in 2024 and 2025, with completion extended to 21 January 2027. Unused proceeds from the private placement for microfinancing remained at RM2.6 million, with completion extended to 8 June 2026.2020 年附加股募集资金的未动用款项在 2023 年为 RM31.1 million，2024 年为 RM27.6 million，2025 年为 RM19.9 million，动用期限展延至 2026 年 11 月 3 日。eFX 股票发行的未动用款项在 2023 年为 RM9.2 million，2024 年与 2025 年为 RM8.4 million，动用期限展延至 2027 年 1 月 21 日。用于小额信贷业务的私募配售未动用款项保持在 RM2.6 million，动用期限展延至 2026 年 6 月 8 日。
Sources (12)出处（12）
21,103 11,953 9,150
81,398 50,287 31,111
3,762 1,176 2,586
Total 21,103 12,753 8,350
Total 81,398 53,829 27,569
Total 3,762 1,176 2,586
Development and marketing of eFX System 20,000 11,650 8,350 21 January 2027
Total 21,103 12,753 8,350
Marketing of GemSpot and GemSpot Lite 25,000 -10,000 3,065 11,935 3 November 2026
Total 81,398 - 61,463 19,935
Additional funds for the microfinancing business 3,586 1,000 2,586 8 June 2026
Total 3,762 1,176 2,586
Four years of figures四年数字
Group figures, in RM, as printed in the statements.集团数字，单位令吉，照财务报表所印。
| Group集团 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| RM令吉 | RM令吉 | RM令吉 | RM令吉 | |
| Revenue营业额 | 13,653,617 | 16,831,630 | 12,347,183 | 8,900,404 |
| Loss before taxation税前亏损 | (16,099,096) | (14,275,042) | (29,557,195) | (18,670,013) |
| Loss for the financial year年度亏损 | (16,093,323) | (14,275,042) | (29,763,366) | (18,371,804) |
| Net cash from operating activities营运活动所得现金净额 | (5,517,351) | 1,290,584 | (3,984,248) | (6,731,074) |
| Net cash from investing activities投资活动所得现金净额 | (10,076,728) | (4,495,385) | (6,273,658) | 1,883,926 |
| Other investments其他投资 | 6,714,703 | 5,207,124 | 6,841,779 | 5,175,120 |
| Cash and bank balances现金与银行结余 | 62,888,025 | 65,012,643 | 55,500,165 | 47,793,615 |
| Total assets总资产 | 161,089,804 | 151,255,507 | 130,130,630 | 102,399,232 |
| Total liabilities总负债 | 39,775,372 | 40,717,071 | 45,687,678 | 30,777,222 |
| Total equity总权益 | 121,314,432 | 110,538,436 | 84,442,952 | 71,622,010 |
On a computer, hover over a figure for the report and page it is printed on.在电脑上把鼠标移到数字上，可看到它印在哪份年报的哪一页。
Said and done说过的与做到的
| What the reports said年报说要做的 | What later reports show之后年报显示的 | Status状态 |
|---|---|---|
| Aiming to open a money changer outlet in Sungei Wang Plaza by Q2 2024计划在 2024 年第二季度前在金河广场开设货币兑换分店 | The 2024 report stated the business was set to expand with the opening of the outlet; the 2025 report does not record the outlet as open.2024 年年报称该业务将随着分店开业而扩张；2025 年年报未记录该分店已开业。Sources (3)出处（3）In the end of 2022, the Group received approval from Bank Negara Malaysia to operate a physical money changer outlet in Sungei Wang Plaza, a shopping mall that is located in the city centre of Kuala Lumpur. The Group aims to open the Sungei Wang outlet by Q2 2024 and with this, the Group will have 2 money exchange outlets in operation. The money exchange business is also set to expand significantly with the opening of a new Sungei Wang Plaza outlet. | No opening reported未见开业记录 |
| In discussion with Bank Negara Malaysia to obtain approval to launch the eFX platform in Malaysia正与马来西亚国家银行协商以获得在马来西亚推出 eFX 平台的批准 | Approval was obtained in December 2024, but the group adopted a measured approach and had not yet launched the platform by the 2025 report.于 2024 年 12 月获得批准，但集团采取审慎做法，截至 2025 年年报尚未推出该平台。Sources (4)出处（4）While for eFX platform, the Group is currently still in discussion with Bank Negara Malaysia to obtain approval to launch it in Malaysia. One of the most anticipated developments in 2025 is the full-scale launch of the EFX platform, following regulatory approval from Bank Negara Malaysia in December 2024. In December 2024, the Group successfully obtained the necessary approval from Bank Negara Malaysia for the operation of its EFX platform. for deployment, the Group has adopted a measured approach and has not yet launched the platform. | Approved but not yet launched已获批准但尚未推出 |
| Venturing into fast food with Saudi Burger to become one of the top 3 fast food burger brands in Malaysia与 Saudi Burger 合作进军快餐业务，目标成为马来西亚前三大快餐汉堡品牌之一 | In December 2024 the equity interest was diluted from 51% to 49%, and operations in fast food, florist, and F&B were discontinued under a repositioning strategy.2024 年 12 月股权由 51% 稀释至 49%，在重新定位策略下终止了快餐、花艺和餐饮业务。Sources (5)出处（5）The business is carried out under Saudi Burger Holdings Sdn. Bhd., under the brand name Saudi Burger, whereby NetX owns a 51% equity stake and SCS owns the remaining 49% equity stake. By launching a new fast food brand, Saudi Burger, in Malaysia, the Group is confident that Saudi Burger will be able to seize the opportunity to fill the gap caused by the on-going boycott of those brands and become one of the top 3 fast food burger brands in Malaysia. On 19 December 2024, the Company’s equity interest in Saudi Burger Holdings Sdn. Bhd. (“SBHSB”) reduced from 51% to 49% due to subscription of additional shares by non-controlling interest in SBHSB. This was in line with the Group’s repositioning strategy, which involved discontinuing operations in the florist, F&B, and fast food industry. On 19 December 2024, the Company’s equity interest in Saudi Burger Holdings Sdn Bhd (“SBHSB”) reduced from 51% to 49% due to allotment of new ordinary shares and the subscription of the new allotment ordinary shares that were alloted to Saudi Cold Storage Sdn Bhd. | Discontinued已终止 |
| Proposed bonus issue of up to 468,976,320 Warrants D on the basis of 1 warrant for every 2 shares建议以每 2 股配 1 张凭单的基准红利发行最多 468,976,320 张凭单 D | A total of 468,976,292 Warrants D were issued on 22 July 2024 expiring on 21 July 2027.2024 年 7 月 22 日发行了共计 468,976,292 张凭单 D，将于 2027 年 7 月 21 日到期。Sources (4)出处（4）(e) Subsequent to the financial year, on 11 January 2024, the Company announced its intention to undertake a proposed bonus issue of up to 468,976,320 warrants (“Warrants D”) on the basis of 1 Warrant D for every 2 existing ordinary shares held by the entitled shareholders A total 468,976,292 new Warrant D were issued by the Company on 22 July 2024 on the basis of one (1) Warrant D for every two (2) existing ordinary shares of the Company. A total 468,976,292 new Warrant D were issued by the Company on 22 July 2024 on the basis of one (1) Warrant D for every two (2) existing ordinary shares of the Company. The Warrants D will expire on 21 July 2027. | Carried out已执行 |
What the reports leave open年报留下待看的事
- Recovery of the RM5,253,561 loan to Pembinaan Jaya WBW Sdn Bhd, which was fully impaired after the borrower was wound up, following a letter of demand issued to the guarantor on 11 March 2026.向 Pembinaan Jaya WBW Sdn Bhd 放贷的 RM5,253,561 在借款人清盘后已被全额减值，在 2026 年 3 月 11 日向担保人发出索偿信后的追讨进展。
Sources (5)出处（5）
ESSB discovered that PJWBW was wound up on 11 September 2025 by the Kuala Lumpur High Court (Winding-Up) Petition and a liquidator was appointed.
On 17 November 2025, a Notice of Termination and Letter of demand was issued to the liquidator to terminate the Agreement and to demand for the outstanding sum of RM5,253,561, being the principal loan amount and accrued interests.
On 11 March 2026, a letter of demand was issued to the guarantor of PJWBW demanding for the payment sum of RM5,253,561.
The Group, is planning to pursue Court proceedings against the guarantor (from the filing of suit to obtaining a “Judgment in Default”, in the event the guarantor does not appear in or does not defend the Court proceedings filed).
The loan amounted to RM5,253,561 was impaired during the financial year ended 30 November 2025.
- The commercial launch of the EFX platform following regulatory approval obtained from Bank Negara Malaysia in December 2024.在 2024 年 12 月获得马来西亚国家银行监管批准后，EFX 平台的商业化推出时间。
Sources (2)出处（2）
In December 2024, the Group successfully obtained the necessary approval from Bank Negara Malaysia for the operation of its EFX platform.
for deployment, the Group has adopted a measured approach and has not yet launched the platform.
- The deployment of remaining fund-raising proceeds, including RM19.9 million from the rights issue, RM8.4 million from the eFX issuance, and RM2.6 million from the private placement.剩余募集资金的运用情况，包括附加股募集资金的 RM19.9 million、eFX 发行的 RM8.4 million 以及私募配售的 RM2.6 million。
Sources (5)出处（5）
Development and marketing of eFX System 20,000 11,650 8,350 21 January 2027
Total 21,103 12,753 8,350
Total 81,398 - 61,463 19,935
Additional funds for the microfinancing business 3,586 1,000 2,586 8 June 2026
Total 3,762 1,176 2,586
- Compliance adjustments ahead of the Hire-Purchase (Amendment) Act 2026 taking effect on 1 June 2026, which requires hire-purchase loans to use the reducing balance method.在 2026 年 6 月 1 日生效的《2026 年租购（修正）法令》实施前的合规调整，该法令要求租购贷款采用递减余额法。
Sources (2)出处（2）
The Hire-Purchase (Amendment) Act 2026 (HPPA) will come into effect on 1st June 2026 and hire-purchase loans will be required to use the reducing balalance method and effective interest rates replacing flat rates and Rule of 78.
The Group has made the necessary changes to its internal processes to ensure compliance when the amendment comes into effect.
Facts as printed in the company's annual reports, with the page of each; no rating and no advice. Built 2026-10-17.内容为公司年报所印的事实，并注明页码；不评级，不构成投资建议。生成日期 2026-10-17。