Cyberjaya, 9 December 2025 – Dagang NeXchange Berhad (“DNeX”), in consultation with its external legal counsel, has filed an appeal to the Court of Appeal against the High Court decision handed down on 5 December 2025 on its wholly-owned subsidiary Dagang Net Technologies Sdn Bhd (“Dagang Net”).
On 5 December 2025, the High Court dismissed Dagang Net’s application for a Judicial Review of the decision by the Competition Appeal Tribunal (“CAT”) dated 18 December 2023. That CAT decision had affirmed the final decision of the Malaysia Competition Commission (“MyCC”) dated 16 February 2021, which directed Dagang Net to pay, among other things, a penalty of RM10.3 million.
Dagang Net had, as of 11 July 2022, paid the penalty in the sum of RM10.3 million imposed by MyCC while simultaneously pursuing its judicial review of the CAT's decision. This judicial review is now the subject of the aforementioned appeal to the Court of Appeal.
Consequently, this appeal does not result in any new material financial impact or penalties for the Group.
We wish to affirm that Dagang Net has always conducted its business in full compliance with all relevant laws and regulations. We also assure all stakeholders and customers that all services provided by Dagang Net will continue to operate as usual.
