MSTGOLF Annual Report 2024

INSIDE THIS REPORT Basis of This Report 2 ABOUT MST GOLF Who We Are 4 Highlights of 2024 6 Our Sustainability Pillars 10 Financial Highlights 2024 12 Our Retail Presence 14 Corporate Information 15 Corporate Structure 16 Board of Directors' Profile 17 Key Senior Management's Profile 20 Section 1 OUR STRATEGIC CONTEXT Chairman's Statement 22 CEO's Message 25 Management Discussion & Analysis 29 Sustainability Statement 34 • Introduction • Sustainability Governance • Stakeholder Engagement • Material Matters • Caring and Responsible Employer • Accountable and Ethical Operations • Resilient Environmental Stewardship • Empowering Community Engagement • Sustainable Supply Chain Bursa Malaysia Sustainability 104 Indicators Section 2 OUR GOVERNANCE Corporate Governance 107 Overview Statement Directors’ Responsibility Statement 119 Report Audit Committee Report 120 Statement on Risk Management 123 and Internal Control Additional Compliance Information 126 Section 3 FINANCIAL PERFORMANCE Financial Statements 129 Section 4 35 YEARS OF GROWING TOGETHER Since our humble beginnings, MST Golf has grown alongside the region’s vibrant golf community — from general trading to a leading name in golf retail and services across Southeast Asia. As we celebrate 35 Years of Growing Together, our journey is a testament to the trust and partnerships built with our employees, brand partners, and customers. Our cover design reflects this collective growth and deep-rooted connection within the golf industry. It symbolises the trajectory of progress we’ve made, guided by our purpose to elevate the game while creating value for our stakeholders. Driven by our people-first culture, customer service excellence, and integrating sustainability in all that we do, we remain focused on shaping the future of golf — responsibly, innovatively, and inclusively. Together, we look forward to continuing our journey as a trusted golf partner in the region and beyond.

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