23 ANNUAL REPORT 2024 FORGING STRATEGIC PARTNERSHIPS As a key player in the local AWB sector, we remain committed to supporting and collaborating with fellow contractors to foster mutually beneficial partnerships. Over the years, Keyfield has actively supported various oil and gas contractors through strategic partnerships and innovative vessel solutions. Among our key initiatives is the conversion of Keyfield Helms 1 (“KH1”), a Platform Supply Vessel into Malaysia’s only DP2 geotechnical vessel equipped with a High Precision Acoustic Positioning (“HiPAP”) system. This conversion enables us to collaborate closely with Helms Geomarine Sdn Bhd, a 100% Malaysian Bumiputera PETRONAS contractor, to meet PETRONAS's stringent requirements and fill a crucial niche in the marketplace. Beyond this, we provide DP2-enabled vessels to support diving support vessel (“DSV”) and remotely operated vehicle (“ROV”) activities, as well as offshore engineering projects. Such collaborative efforts have enabled our partners to seamlessly carry out their operations, enhance their track records, secure long-term contracts, and create pathways for international opportunities. Together, these initiatives demonstrate our shared commitment to advancing Malaysia's maritime capabilities while driving sustainable growth across the offshore services sector. CORPORATE SOCIAL RESPONSIBILITY: A COMMITMENT TO SHARED PROSPERITY At Keyfield, we firmly believe that the definition of success transcends financial performance—it lies in our ability to uplift communities, protect the environment, and foster inclusive growth. Guided by our core values, “RICH” which is the acronym for Respect, Integrity, Contentment and Humanity as well as our corporate social responsibility (“CSR”) motto “Keriangan Berkongsi” (The Joys of Sharing), we have embedded social responsibility into the fabric of our operations, ensuring that our progress creates lasting value for all stakeholders. At the heart of our CSR efforts are our management and employees, who embody the spirit of “Keriangan Berkongsi” as its driving force. In 2024 alone, we invested over RM500,000 in community programs that directly supported 40 beneficiaries across Malaysia, fostering education and empowerment, community support and welfare, and community development. We prioritise education as a key focus area, allocating nearly 50% of our CSR contributions to this vital sector. Our initiatives included supporting a centre that provides free tuition to underprivileged children, as well as providing computer equipment to a school in Tawau, Sabah to improve digital access and enhance students' learning experiences. These efforts reflect our core belief in making quality education accessible to all. Further details on our 2024 CSR initiatives can be found in the Sustainability Statement within this Annual Report. HEALTH, SAFETY AND ENVIRONMENTAL PERFORMANCE The Group prioritises health, safety, and environmental (“HSE”) stewardship as cornerstones of our operations. Through our Environmental Aspect and Impact Assessments (“EAIA”), we systematically identify hazards and implement robust controls to mitigate associated risks across all activities—from vessel operations and technical maintenance to food handling. These efforts are aligned with ISO 14001 and ISO 45001 standards, ensuring compliance with international best practices. By fostering a culture of vigilance, continuous improvement and strict adherence to HSE best practices, we aim to maintain a safe working environment, minimise occupational hazards, and uphold strong safety standards. With that, I am delighted to share that our 2024 HSE performance has maintained zero fatalities and zero Lost Time Injuries (“LTIs”) across all operational activities. GROUP CEO’S MESSAGE (cont’d)
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