MSTGOLF Integrated Annual Report 2023

SECTION 2: OUR STRATEGIC CONTEXT 62 OUR INITIATIVES In 2023, our immediate focus was to realign our business fundamentals, clarify our sustainability and corporate goals and targets and develop more sustainable-minded and competent employees internally to set the right fundamentals for reaching our corporate and sustainability goals. SUSTAINABILITY STATEMENT We kickstarted our Group elevation plans, consisting of realigning key corporate goals and strategies and restructuring our organisational structure to meet more rigorous regional expansion requirements and sustainability needs. We conducted training and alignment sessions to get team members on the same page with the latest company goals, values and approaches. We also conducted leadership training with a third-party trainer for 22 retail outlet persons-in-charge (PICs) to enhance their leadership, communication and empathy skills. Additionally, we ramped up our enterprise risk management exercises to improve work and process flows by mitigating risks hindering us from achieving company goals. Corporate Alignment 1 Starting from 2022, we incorporated the “Be Sustainable“ value into our corporate values and established key corporate governance policies adhering with Bursa listing standards to align our staff with our commitment to sustainability and good corporate governance. The corporate governance policies include: In 2023, we also hosted a series of company-wide training to instil higher capacity on sustainability and governance topics among our staff. 95% of our retail staff completed training sessions on both ‘Sustainability at MST Golf’ and ‘Proper Waste Management through 7Rs’. 2 Sustainability Capacity Building Code of Conduct & Ethics for Directors Directors’ & Senior Management’s Remuneration Policy Directors’ & Senior Management’s Fit & Proper Policy Enterprise Risk Management Policy Stakeholder Communication Policy Corporate Disclosure Policy Corporate Identity Policy

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