XOX Networks reallocates RM 1.29 million from digital media platform to working capital

• XOX Networks plans to redirect RM 1.29 million in remaining private placement proceeds from a digital media platform to working capital.
• The allocation includes RM 1 million for staff costs, with RM 293,000 earmarked for other operating expenses.
• Funding will support ongoing operations, including event management and event equipment leasing, amid challenges securing new projects.
• The proposed utilization deadline is December 28, 2027, versus December 28, 2026, for the digital media platform allocation.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. XOX Networks Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3721443) on November 02, 2026, and is solely responsible for the information contained therein.