CNMC Goldmine Holdings (5TP) said on Dec, 19 2025 that its 81%-owned unit, CMNM Mining Group Sdn. Bhd., has received additional tax assessments from Malaysia’s Inland Revenue Board covering the 2019 to 2024 assessment years.

The notices, dated Dec, 14 2025, demand a total of 29.57 million Malaysian ringgit—equivalent to roughly 9.7 million Singapore dollars—including 18.48 million ringgit in extra income tax and 11.09 million ringgit in penalties.

The Malaysian tax authority disallowed management fees that CMNM paid to the Singapore-listed parent, asserting the expenses are not deductible under Section 33(1) of the Malaysian Income Tax Act. CNMC Goldmine contests this view, citing professional tax advice, and has instructed tax solicitors to file an appeal within the prescribed timeline.

The company said the assessments are not expected to affect its going-concern status or operational viability and it will update shareholders on any material developments.