My EG Services Berhad Annual Report 2024

29 PERFORMANCE BUILDING UPON GLOBAL TRENDS MYEG’s favourable prospects are due to the Group’s constant cognisance of the rapidly-evolving technology landscape. /PUBCMZ UIF CMPDLDIBJO BOE EJHJUBM BTTFUT GSJFOEMZ TUBODF PG UIF OFX 6 4 BENJOJTUSBUJPO BVHVST XFMM GPS UIF development and growth of Web3. With regulations emanating out of the U.S. expected to facilitate and expedite UIF EFWFMPQNFOU PG UIF CMPDLDIBJO JOEVTUSZ BOE XJUI UIF 6 4 UZQJDBMMZ TFFO BT UIF CFODINBSL GPS HMPCBM CMPDLDIBJO SFHVMBUJPO JU JT FYQFDUFE UIBU B QSP CMPDLDIBJO SFHVMBUPSZ FOWJSPONFOU JO UIF 6 4 XJMM TQVS PUIFS DPVOUSJFT UP BEPQU B TJNJMBS TUBODF UIVT BDDFMFSBUJOH BDDFQUBODF XPSMEXJEF PG UIF VTF PG CMPDLDIBJO UFDIOPMPHZ BDSPTT BMM MFWFMT PG HPWFSONFOU CVTJOFTT BOE TPDJFUZ MYEG has always recognised the importance of constantly progressing and innovating in order to not only remain relevant but also to lead the way and to shape the agenda in the use of technology both in the public and private TFDUPST 5IJT JT QSFDJTFMZ XIZ UIF (SPVQ XBT FBSMZ JO JOWFTUJOH JO BOE QSPNPUJOH UIF VTF PG CMPDLDIBJO UFDIOPMPHZ IBWJOH MPOH JEFOUJàFE 8FC T QPUFOUJBM UP TQVS B NBKPS TIJGU JO UIF HMPCBM UFDIOPMPHZ BSDIJUFDUVSF TPNFUIJOH UIBU JT proving to be true today. 5IF (SPVQ TFFT 8FC BT CFJOH POMZ JO JUT JOGBODZ OPX XJUI B IPTU PG BQQMJDBUJPOT BOE CVTJOFTT WFSUJDBMT MJLFMZ UP emerge in the future as the world embraces Web3 technology. Many of these use cases may not even be imaginable UPEBZ CVU BSF CPVOE UP QSPGPVOEMZ SFWPMVUJPOJTF UIF XBZ XF MJWF XPSL BOE JOUFSBDU It is the Group’s objective to continue to be at the forefront of the Web3 revolution and to pioneer the blockchain BQQMJDBUJPOT BOE TFSWJDFT UIBU XJMM QPXFS UIF FDPOPNJFT PG .BMBZTJB "4&"/ BOE CFZPOE "U UIF TBNF UJNF UIF (SPVQ XJMM DPOUJOVF UP DMPTFMZ XBUDI FNFSHJOH USFOET JO UIF UFDIOPMPHZ BOE JOOPWBUJPO TFDUPS BMXBZT XJUI BO FZF UPXBSET identifying prospective disruptive technologies which it can champion. The Group also recognises that it cannot go in alone and realises the importance of forging strategic relationships XJUI PUIFS MFBEJOH QMBZFST JO PSEFS UP FOTVSF NVUVBM TVDDFTT *O UIJT SFHBSE UIF (SPVQ XJMM DPOUJOVF UP QVSTVF strategic collaborations at home and overseas to create unrivalled synergies that can propel the Group further forward in realising its ambitions. The capability to offer the best and latest solutions will also enable MYEG to play BO JOTUSVNFOUBM SPMF JO XPSLJOH XJUI TUBLFIPMEFST HPWFSONFOU CVTJOFTTFT BOE TPDJFUZ BT B XIPMF UPXBSET SFBMJTJOH socio-economic developmental objectives locally and internationally. STRATEGIC PRIORITIES AND OPPORTUNITIES MYEG plans to capitalise on its early mover advantage to introduce applications and solutions that will not only EJTUJOHVJTI UIF (SPVQ CVU BMTP DPOUSJCVUF UP UIF HSPXUI PG B EZOBNJD FDPTZTUFN 0ODF FTUBCMJTIFE TVDI B QMBUGPSN with a robust ecosystem will prove highly challenging to displace in the market. Creating a thriving and expansive ecosystem requires the involvement of the right strategic partners and collaborators contributing to the Zetrix platform for shared benefits. The Group aims to strengthen its ties with current partners while BMTP MPPLJOH GPSXBSE UP XFMDPNJOH OFX DPMMBCPSBUPST GSPN EJWFSTF SFHJPOT BOE JOEVTUSJFT FBDI CSJOHJOH VOJRVF WBMVF to the Zetrix platform. .BKPS $"1&9 XJMM DPOUJOVF UP CF NBJOMZ PO OFX CMPDLDIBJO BOE UFDIOPMPHZ EFWFMPQNFOU XJUI B TNBMMFS QPSUJPO HPJOH towards foreign worker hostels and maintenance of existing systems for the ongoing e-Government services. It will be MBSHFMZ ESJWFO CZ JOUFSOBM GVOET XJUI FYUFSOBM TPVSDFT UP CF DPOTJEFSFE XIFO EFFNFE TVJUBCMF MANAGEMENT DISCUSSION AND ANALYSIS (cont’d)

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