worked to embed itself as our way of life here at Matrix and is reflected in the initiatives organised by our philanthropic arm, the Matrix Concepts Foundation. Managed by volunteers comprising of our employees with a passion for serving the local community, they organised CSR activities covering focus areas of education, community, sports and social, amounting to RM8.3 million in FY2023. It is truly heart-warming to see smiles on the faces of the marginalised community, the elderly or the very young, upon receiving the much-needed assistance to lighten the burden they face. STRENGTHENING CORPORATE GOVERNANCE In FY2023, the Board has collectively placed greater focus on driving Matrix’s corporate governance. This is a reflection of its firm belief of the importance of both the financial and non-financial compliance as a value driver for the long-term wellbeing of the company. The Group’s alignment with the global best practice framework of Integrated Reporting (“IR”) follows its commitment to pursue enhanced integrated reporting disclosures. Into our fourth year of this reporting format, the IR provides more details of the Group’s business model, strengths, strategies, risks and opportunities as well as value creation for stakeholders. Matrix - Proud winner of Malaysia Developer Award 2022 In recognition of the Group’s strong contribution to property development, Matrix was presented five prominent awards at The Star Property Awards 2022: 1. Neighbourhood Award 2. Family-Friendly Award 3. Cornerstone Award 4. Placemaker Award 5. Star Property All-Star Award The Malaysia Development Award was bestowed upon Matrix for Market Capitalisation of RM1 billion and above, in recognition of developers’ accomplishments with holistic and credible benchmarking. Matrix also was awarded the coveted Top Property Developers Awards 2022 by The Edge. In addition to this, we also won The Edge Billion Ringgit Club (Below RM3 billion Market Capitalisation). This marks the sixth consecutive year Matrix has won this esteemed award. In what is acknowledged as the pinnacle of property awards, the Outstanding Property CEO Award 2022 went to Mr. Ho Kong Soon, Group Managing Director at Matrix. This was presented at The Edge Malaysia Property Excellence Awards for his leadership and commitment to providing quality products and services. FY2023 was an Award-winning year. Such awards are a testament to the strong commitment and passion of all our staff at Matrix in support of homeowners and the local community. SUPPORTING OUR COMMUNITY Matrix aligns itself with its philosophy of giving back to the community it operates and lives in. Over the years, this corporate social responsibility (“CSR”) spirit has CHAIRMAN’S STATEMENT INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 33
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