2024 UEM Edgenta Annual Report

WHAT IS OUR OUTLOOK? Looking ahead, UEM Edgenta remains focused on driving sustainable growth by strengthening its core business in domestic markets, expanding its revenue base beyond concession contracts, and unlocking new opportunities in high-growth regions such as Singapore and the Middle East. Following the successful acquisition of KAIZEN Group in UAE and the continued integration of MEEM in Saudi Arabia, the company will leverage its expertise in integrated facilities management, energy efficiency, and green building services to deliver value across the real estate and healthcare sectors. Innovation and sustainability will continue to underpin its business operations, with a particular focus on enhancing digital capabilities, improving energy performance, and advancing its net zero emissions commitments. On the social front, Edgenta will continue to work towards meeting at least the minimum wages levels in markets it operate. 4.4 Defined Contribution Plan: The Group provides post-employment benefit plans, making fixed contributions to separate entities or funds as required by the employment laws of each country. These contributions are contractually defined, and the Group holds no further legal or financial obligation if the funds lack sufficient assets to cover employee benefits for the current and past financial years. Pension liabilities are determined based on a contractual rate applied to employees’ salaries, as outlined in their employment agreements. Defined Benefit Plan: The company makes voluntary contributions to the pension scheme for eligible employees, beyond what is mandated by national employment laws. These pension assets and liabilities are evaluated annually by an independent actuary. Pension liabilities are determined based on the actuarial present value of benefits, which become payable when employees meet specific conditions, such as retirement age, a predetermined length of service, or death. The valuation considers factors such as estimated salary increases, discount/inflation rates, and mortality rates. This voluntary pension scheme is currently implemented in several UEM Edgenta subsidiaries, including Edgenta Mediserve Sdn. Bhd., EdgentaUEMS Taiwan, Edgenta Arabia Ltd., and MEEM Facility Management Company (MEEM). 139 ENHANCING VALUE THROUGH SUSTAINABILITY

RkJQdWJsaXNoZXIy NDgzMzc=