The transfer of SNS Network Technology Berhad (SNS) from the ACE Market to the Main Market of Bursa Malaysia Securities Berhad (Bursa Securities) has several implications for both the company and its shareholders:

1. Enhanced Profile and Reputation: The transfer is expected to enhance the group’s profile and reputation. This could lead to greater recognition and acceptance amongst investors, particularly institutional investors.

2. Increased Visibility and Access to Funds: The promotion to the Main Market may benefit the company in terms of visibility and access to funds, through a wider range of investors, including foreign and institutional investors.

3. Improved Corporate Image: The transfer will also promote the group’s corporate image leading to greater recognition and confidence to customers, suppliers, business partners, bankers, employees, and shareholders.

4. Consistent Dividends: SNS Network has been able to declare and distribute consistent dividends to shareholders since 13 December 2022. For FY2023 and FY2024, the Company’s dividend payout ratio represented 9.2% and 37.8% of its net profits.