OUR STRATEGIC CONTEXT 30 CHAIRMAN’S STATEMENT Our People and Culture At the heart of MST Golf’s continued growth is our people. As the Group expands across diverse markets and cultures, we remain committed to fostering an inclusive and supportive workplace that values collaboration, integrity and merit. Diversity, Equity and Inclusion (“DEI”) continues to be an important focus within the organisation. Much like the handicap system in golf that creates fairness within the game, we strive to ensure that every employee is provided with equal opportunities to contribute and succeed. Our regional presence has also strengthened our appreciation of cultural diversity, allowing us to build stronger connections across our teams in Malaysia, Singapore and Indonesia. By nurturing a culture of respect and inclusion, we believe MST Golf will continue to attract, develop and retain talented individuals who will drive the Group forward. During the year, the Group formalised its long-term strategic direction through the introduction of a clearly defined Purpose, a 10-year Vision, and refreshed Mission Statements and Core Values. These serve as a guiding framework for the Group’s strategic priorities, organisational culture and decision-making processes across all markets. The Board views these foundations as critical in ensuring that the Group’s growth trajectory remains aligned with its core principles, while delivering sustainable and long-term value to shareholders. Future Prospects The golf industry in Southeast Asia continues to demonstrate encouraging long-term fundamentals, supported by rising participation, increasing lifestyle interest in golf, and the growth of golf-related leisure formats. Supported by our expanding regional presence, stronger digital capabilities, and the dedication of our people, we remain confident in MST Golf’s ability to capture opportunities within the growing golf industry across Southeast Asia. As the Group moves into FY2026, the Group remains focused on strengthening operational integration across markets while restoring profitability and enhancing capital efficiency. Continued improvements in inventory management, cost discipline, and digital capabilities will remain key priorities as we position the Group for sustainable growth. On 25 August 2025, MST Golf Headquarters held a Merdeka celebration uniting over 100 employees from diverse teams in the spirit of unity and inclusion Acknowledgements On behalf of the Board of Directors, I would like to extend my sincere appreciation to our shareholders for your continued confidence and support. I would also like to thank our management team and employees across the Group for their dedication and commitment throughout the year. Your collective efforts continue to drive the progress of MST Golf. Finally, I wish to express my gratitude to our customers, brand partners and stakeholders for your continued trust and partnership. As we build upon more than three decades of growth, we remain committed to strengthening MST Golf’s position as a trusted leader in the regional golf industry while creating sustainable value for all stakeholders.
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