My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 8 KEY MILESTONES Since our inception in the year 2000, MYEG has continued to blaze the trail as a pioneer and innovator of innovative e-government services as well as other relevant digital and commercial services. We continue to deliver an increasing spectrum of convenient and cost-effective e-government services as well as other relevant digital and commercial services for an expanding target audience base in Malaysia, the Philippines, the Republic of Indonesia (“ Indonesia ”) and Bangladesh. The following is a list of key milestones we have achieved since October 2018 to May 2020 as we pursued our vision to be a value-added provider of globally competitive IT services. A more extensive list can be found online at https:// www.myeg.com.my/investor_relations (under the “Corporate Info” tab). 2018 2019 November Entered into a Memorandum of Understanding (“ MoU ”) with PT Cartenz Technology Indonesia to expand and extend the scope of Cartenz’s product and services in relation to its tax monitoring system and tax revenue system in Indonesia. December I-Pay MYEG Philippines Inc. (“ IPAY MYEG ”) entered into a Memorandum of Agreement with the National Bureau of Investigation (“ NBI ”) to implement the NBI’s Electronic Payment and Collection System. Incorporated MYEG (BD) Ltd. to provide technology and e-government services in Bangladesh. January Bank Negara Malaysia approved the issuance of electronic money via iPayEasy e-wallet. IPAY MYEG launched an online insurance portal, namely MYEG Insurance, which offers faster and hassle-free access to a diverse range of insurance coverage in the Philippines. Renewal of Courier Service Licences in Malaysia. April Announced plans to invest in China-based education technology group Jingle Magic (Beijing) Technology Co. that is mainly involved in the development of Virtual Reality (“ VR ”), Augmented Reality (“ AR ”) and Artificial Intelligence (“ AI ”)-based educational equipment and software. June Incorporated MY EG Islamic Finance Sdn. Bhd. (“ MYEG Islamic Finance ”) to provide Islamic financial lease activities and other Islamic credit granting activities. July Signed share subscription agreement for the subscription of 40% equity stake in Cartenz, a tax monitoring system provider in Indonesia. November Launched first phase of digital e-government services by IPAY MYEG in partnership with Land Bank of the Philippines. 2020 January Cartenz, a MYEG associate company in Indonesia secured additional mandates to roll-out various provincial governments in the Indonesia tax monitoring system to 30 more cities on a pilot basis. February Successfully developed an extensive Artificial Intelligence-powered Coronavirus risk profiling system, and made available to the governments of Malaysia and the Philippines. April Launched a contact tracing and digital health profiling smartphone app known as MyEGuard by IPAY MYEG and commenced pilot implementations for the cities of Paranaque City, NCR, Kidapawan City, North Cotabato (Mindanao) and Ilagan City, Isabela (Central Luzon). May Offered a convenient one-stop portal for employers in Malaysia to manage the requirements related to the screening of their workforce for the COVID-19 virus via the the Social Security Organisation Prihatin Screening Programme.