shares which carry different voting rights, the dissolution of the Company, substantial disposal of assets, amalgamations, merger and takeover, require the prior consent of the Special Shareholder. (iii) The Special Shareholder does not have any right to participate in the capital or profits of the Company. (iv) The Special Shareholder has the right to require the Company to redeem the Special Share, at par, at any time. (b) The Company issued and allotted ordinary shares of 34,125,400 on 15 June 2023 and 129,100 on 27 June 2023 to eligible employees, pursuant to the letter of offer dated 27 July 2020, 25 May 2021 and 20 July 2022 respectively in accordance with the by-laws of the LTIP scheme of the Company during the financial year ended 31 December 2023. 30OTHER RESERVES The Group’s and the Company’s other reserves comprise: Nature Description LTIP reserve Arising from the corresponding increase in equity from expenses recognised in the statement of profit or loss over the vesting period of the equity-settled share-based compensation plan for the Group’s and the Company’s employees as disclosed in Note 34. Employee benefits reserve Arising from the remeasurements of the net defined employee benefit liability. Foreign currency translation reserve Arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the Group’s presentation currency. FVOCI reserve Arising from changes in fair value of financial assets at FVOCI. The movements in each category of reserves are as follows: LTIP reserve RM’million Employee benefits reserve RM’million Foreign currency translation reserve RM’million FVOCI reserve RM’million Total RM’million Group 2023 As at the beginning of the financial year 344.4 (6,113.1) (727.3) 32.7 (6,463.3) Arising in the financial year (107.4) (645.6) 549.3 (15.6) (219.3) As at the end of the financial year 237.0 (6,758.7) (178.0) 17.1 (6,682.6) 2022 As at the beginning of the financial year 358.5 (6,740.0) (456.6) 24.8 (6,813.3)