23 PERFORMANCE Balancing the interests of diverse stakeholders while ensuring the services are deployed in a timely manner and JO B GPSNBU UIBU JT VTFS GSJFOEMZ DPOWFOJFOU FGàDJFOU QSJWBDZ QSPUFDUFE BOE TFDVSF JT B DSVDJBM VOEFSUBLJOH GPS UIF (SPVQ 8JUI B EFDBEFT MPOH USBDL SFDPSE PG DBSSZJOH PVU F HPWFSONFOU QSPKFDUT JO .BMBZTJB BOE JO PUIFS NBSLFUT MYEG is leveraging on its experience and expertise in engaging closely with the relevant parties to build mutual understanding and to achieve the consensus required to realise its ambitions of pioneering the digital transformation PG HPWFSONFOU TFSWJDFT QBSUJDVMBSMZ JO SFMBUJPO UP DSPTT CPSEFS USBOTBDUJPOT PO UIF ;FUSJY CMPDLDIBJO 4P GBS UIF successful deployment of many first-of-its-kind services in collaboration with diverse government entities and agencies is a testament to the Group’s ability to overcome challenges and deliver the solutions that are needed to support the region’s economic advancement. BLOCKCHAIN TECHNOLOGY The continued rapid emergence of Web3 technology globally has propelled MYEG’s Layer-1 public blockchain JOGSBTUSVDUVSF ;FUSJY UP UIF GPSFGSPOU PG UFDIOPMPHJDBM SFWPMVUJPO BOE TDBMBCJMJUZ GBDJMJUBUJOH TNBSU DPOUSBDUT JEFOUJUZ WFSJàDBUJPO BOE NPSF XIJMF BMTP QSPUFDUJOH QSJWBDZ BOE FOIBODJOH DZCFSTFDVSJUZ 5IF TJHOJàDBOU TUSBUFHJD UJF VQ XJUI 9JOHIVP #*' TJODF IBT CPSOF GSVJUGVM SFUVSOT m UFDIOPMPHJDBMMZ BOE àOBODJBMMZ m GPS .:&( BT JNQBDUGVM decentralised applications become more and more integral in a vibrant ecosystem. Zetrix’s head start as a first-mover and the increasing usage of the platform further boost its popularity and reputation BNPOH EFWFMPQFST BOE VTFST 5IJT JO UVSO FOIBODFT JUT QPTJUJPO BT UIF QSFGFSSFE CMPDLDIBJO QMBUGPSN UIVT FOTVSJOH Zetrix will remain entrenched as the leading Web3 ecosystem for a long time to come. 'VSUIFSNPSF BT UIF XPSME DPOUJOVFT UP XPSL UPXBSET SFBMJTJOH UIF HPBM PG OFU [FSP DBSCPO CZ DMPTF BUUFOUJPO is being paid to several key themes that are seen as critical towards the meeting of this objective. This includes establishing supply chain traceability and fostering greater adoption of fully-digital services to reduce the carbon footprint otherwise arising from conventional modes of service delivery that rely heavily on physical materials and fuel GPS GVMàMNFOU TFSWJDFT KVTU UP OBNF B GFX 5IF OFX HFOFSBUJPO PG CMPDLDIBJOT MJLF ;FUSJY JT CFTU FRVJQQFE UP QFSGPSN these functions as they are vastly more energy-efficient. MYEG remains ever focused on its mission to utilise Web3 technology to enhance and transform how business is DPOEVDUFE XPSMEXJEF BDSPTT B XJEF SBOHF PG SFBM XPSME HPWFSONFOU BOE DPNNFSDJBM VTF DBTFT 8JUI UIJT WJTJPO marked an important year in strategic collaborations for MYEG. +BOVBSZ TBX .:&( BOOPVODF B TUSBUFHJD DPMMBCPSBUJPO CFUXFFO ;FUSJY 8FC -BCT )POH ,POH BOE 4VNNFS Capital to propel Hong Kong’s Web3 ambitions and establish Zetrix as the preferred blockchain infrastructure for Hong Kong government-aligned applications. This collaboration sees Zetrix expanding its mission of government and enterprise-focused Web3 development in alignment with Hong Kong’s Fintech Promotion Roadmap. MYEG announced in February 2024 that Zetrix and Web3Labs Hong Kong launched the Zetrix Global Accelerator Programme to incubate and nurture promising Web3 startups from all over the world with ecosystem support from Hong Kong’s progressive Virtual Assets (“VA”) ecosystem. The chosen startups have the opportunity to leverage the Zetrix platform and be matched with the government or enterprise to build and deploy their innovative applications. The 6-month accelerator sought projects that demonstrated evidence of product-market maturity and possessed an innovative and clearly-defined development pipeline that ideally can supplement Hong Kong’s virtual asset roadmap. April 2024 saw MYEG’s Zetrix Foundation enter into an MoU with MaiCapital Limited (“MaiCapitalu B MJDFOTFE WJSUVBM BTTFU NBOBHFS JO )POH ,POH UP DPMMBCPSBUF PO UIF MBVODI PG B 4FDVSJUJFT 'VUVSFT $PNNJTTJPO PG )POH ,POH (“SFC”)-approved Exchange Traded Fund (“ETF”) which would consist of a basket of digital assets that may include #JUDPJO BOE ;FUSJY 5IJT XPVME QSPWJEF JOWFTUPST XJUI BEEJUJPOBM BWFOVFT PG EJWFSTJàDBUJPO BDSPTT NVMUJQMF EJHJUBM BTTFUT potentially mitigating risks associated with single-digital assets ownership. *O +VOF .:&( BOOPVODFE UIF DPOOFDUJWJUZ EFQMPZNFOU PG ;5SBEF TFSWJDFT B GVMM TVJUF PG DSPTT CPSEFS USBEF GBDJMJUBUJPO TFSWJDFT PO UIF ;FUSJY CMPDLDIBJO QMBUGPSN UP ("$$ T 4JOHMF 8JOEPX QMBUGPSN 5IJT JT QVSTVBOU UP UIF QBSUOFSTIJQ BHSFFNFOU CFUXFFO .:&( BOE XJUI &BTU -PHJTUJD -JOL $P -UE iELu B XIPMMZ PXOFE BHFODZ PG ("$$ GPS .:&( UP KPJOUMZ QSPWJEF UIF ;5SBEF TFSWJDFT "DDPSEJOHMZ XJUI UIF DPNQMFUJPO PG UIJT EFQMPZNFOU MJWF DPOOFDUJWJUZ of the ZTrade services to GACC’s Single Window platform has since been enabled. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d)
RkJQdWJsaXNoZXIy NDgzMzc=