STRATEGIES TO SUSTAIN VALUE CREATION (cont’d) Hence, the focus on rolling out new, market-oriented digital services that reduce the cost of doing business, remove barriers to entry and enable more democratic, level playing fields across all business sectors. Zetrix will enable business opportunities – promote international trade and develop regional / global supply chains for business to participate in or leverage on to achieve economies of scale and unfettered market access. Zetrix’s increasing contributions attests to the market appeal of the platform and paves the way for future valueaccretive developments. The strategic priority for MYEG is to navigate the still-evolving global digital asset regulatory environment, reducing and mitigating risks, while leveraging opportunities to develop commercially viable opportunities, which can be developed into recurring income streams that are not reliant on geographic constraints or limitations. Efforts are underway to expand coverage of ZTrade to other regional markets, in line with the overarching commitment to connect China to the rest of ASEAN and beyond that, the RCEP region. Capital requirements for blockchain continued to be funded by internally generated funds and external borrowings. One concern surrounding blockchain is that it is energy intensive, requiring significant electricity consumption for effective implementation. However, MYEG’s new generation blockchain solutions are significantly more energy efficient compared to first generation blockchain deployments. Kindly refer to the Group’s Sustainability Statement for specific information. CONTINUED PIVOT TO ESG DRIVEN PROJECTS / OPPORTUNITIES (FOREIGN WORKERS’ ACCOMMODATION) With the convergence of social, legal and market requirements regarding labour conditions, MYEG’s further expansion into the niche segment of construction of foreign workers’ accommodation is timely. There is a clear shortage of such accommodation in Malaysia and MYEG is well positioned to meet this need, while providing better living conditions for workers. MYEG’s role in designing and developing the workers village and related facilities at Batu Kawan Industrial Park 3 in Seberang Perai Selatan, Penang is poised to set a new benchmark for the provision of workers housing as well as related facilities and amenities that are in accordance with international best practices. An artist’s illustration of MYEG’s future workers’ accommodation. Provision of foreign worker hostels that meet local regulatory requirements and the standards set by international buyers. The workers’ village project, located at Batu Kawan Industrial Park 3, is expected to house at least 8,000 foreign workers upon completion. It paves the way for similar projects in the future and importantly, will play a pivotal role in enabling many companies, especially small-to-medium enterprises to ensure regulatory compliant living conditions for workers and thus support businesses in becoming more socially responsible. The purpose-built workers’ quarters will undoubtedly play a part in helping resolve long-standing issues such as foreign workers being placed in inadequate housing or in inappropriate residential areas that may cause unease among existing residents. Satisfied, healthy workers, reduced incidences of labour and human rights infringements and OSH incidents. Businesses can continue to operate without risks of fines, site closures, damaged reputation or loss of international buyers. 50 MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) H h f lli k i d di i l i h d h f d i b i
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