AN OPTIMISTIC OUTLOOK TO THE FUTURE FY2022 was a year of opportunities grasped; a time when we aggressively transformed our business and opened new and exciting avenues for continued growth. This would not have been possible without the unstinting efforts of our dedicated workforce and the sterling stewardship provided by the Board and our senior management team. Thanks to their collective vision and execution, we look forward to the future with optimism, equipped with the financial means to invest in emerging technologies and expand our operations to new markets. However, this optimism must be tempered with a responsible degree of caution. Rising inflation rates across the world point to a protracted slowdown in the global economy, which will affect demand across the business community. This will be exacerbated by the continuing Russia-Ukraine conflict and its effect on energy prices, leading to decreased buyer confidence. Here in Malaysia, the economy registered robust growth of 6.9 per cent in the first half of 2022. However, this was largely due to pent up demand from the pandemic, and the nation’s economy remains susceptible to sluggishness in global growth and supply chain disruptions. For these reasons, we will continue to place emphasis on risk monitoring and mitigation, complementing our pursuit of new growth opportunities with strong oversight and responsiveness to our evolving operating environment. ACKNOWLEDGEMENTS On behalf of the Group, I would like to express my heartfelt thanks to all our shareholders, customers, suppliers, business partners and to the Government of Malaysia for their continued support during the past year. In particular, I would like to recognise the contributions of our shareholders, who have been pivotal partners on our journey of growth and transformation, showing unwavering trust in our strategies throughout. My appreciation also goes to my fellow members of the Board for their support and contribution, the management team and employees for their strong commitment and dedication to the Group in pursuing our goals. Together, we will capitalise on the opportunities of a new era for the world, and for DNeX. Tan Sri Abd Rahman Mamat Chairman Looking at governance through the broader lens of the turbulent operating environment that prevails today, we understand that ensuring the continuity of our business at all times is paramount. To this end, our Business Continuity Management (“BCM”) Policy & Framework was approved in May 2022, detailing actions to be taken in the event of a crisis at the global, national or market level. BCM planning is also ongoing for our individual companies and should be completed by the end of FY2023. Separately, and in line with our strategic thrust towards greater operational efficiency, we are revising our Enterprise Resource Management (“ERM”) Framework to be more dynamic and reflective towards current developments. This will be a boon to our resource planning efforts - which are increasingly complex given our wide geographical presence - and will empower our teams to collaborate in achieving greater economies of scale across procurement, production and marketing, amongst other areas. 27 DNeX INTEGRATED REPORT 2022
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