ANNUAL REPORT 2023 85 MATERIALITY MATTERS (cont’d) IP DEVELOPMENT IP PROTECTION MYEG received JPJ’s approval to kickstart Proof of Concept (“POC”) to set up an Automated Training and Driving Test System (“e-Testing”) which aims to better assess the competencies of candidates undergoing the Drivers’ Learning Education Curriculum. The Road Transport Department had allowed MYEG to proceed with the implementation of the pilot phase for MYDTS (“MYDTS Pilot Test”) involving actual test candidates. Zetrix was chosen by the Chinese Government as a component of its government-to-government (“G2G”) programme. Initiated by the China’s Ministry of Science and Technology (“MOST”), Malaysia is one of the 14 countries participating in the programme. The China-Malaysia G2G cooperation covers four sectors, including public health (such as vaccine research and development), Artificial Intelligence (“AI”), Information and Communications Technology (“ICT”) (blockchain, big data, etc.), as well as space remote sensing technology. MYEG and Universiti Malaya have expanded their research collaboration with CAICT to include the development of AI technology under the existing intergovernmental research collaboration. MYEG and China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co., Ltd. (“Beitou IT Innovation”) entered into a collaboration to leverage the Zetrix blockchain to offer cross-border credentials verification services, paving the way for the digitalisation of vital documents including major government-issued identity credentials. Zetrix launched an IEO on Coinstore, a digital asset exchange. Zetrix tokens have thereafter been listed on Coinstore as well as other digital asset exchanges namely MEXC and BitForex. MYEG entered a collaboration to deploy its blockchain-based China customs clearance and processing services for the Philippines Bureau of Customs. MYEG entered a non-binding MOU with Oyika Green Technologies Sdn. Bhd. to a collaborate on the use of electric motorcycles and placement of battery swapping stations at designated locations for a trial period, in line with MYEG’s ongoing efforts to reduce carbon emissions as part of its overarching commitment to reaching net zero by 2050. SUSTAINABILITY STATEMENT
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