30 8JUI UIFTF TUSBUFHJD QPTJUJPOT JO NJOE .:&( JT GPDVTFE PO NJUJHBUJOH LFZ SJTLT UIBU NJHIU PDDVS XIJMF DBQJUBMJTJOH PO any opportunities that arise in 2025. Risks Mitigation Strategy Unexpected amendments in policies due to political changes It is by design that many blockchain services being rolled PVU BSF DSPTT CPSEFS JO OBUVSF OFFEJOH UIF TVQQPSU and consent of more than one government. This is a mitigation strategy as it ensures any sudden changes in one country won’t impact the continuity of the service since the consent of the counterpart in the other country would also be needed to implement any changes Involvement of multiple stakeholders may slow down and delay progress in roll-out of services due to the challenge of having to take into consideration varied preferences and readiness Rolling out services in phases once there is mutual agreement on important elements and expand the service progressively as agreements are reached on other matters Volatility in digital assets prices may create uncertainty and concern among participants Unlike many blockchains not backed by any real-world VTF DBTFT CVU JT NFSFMZ B NFBOT GPS TQFDVMBUJPO ;FUSJY JT CVJMU TQFDJàDBMMZ UP TVQQPSU SFBM XPSME VTF DBTFT BOE BT TVDI UIFSF XJMM BMXBZT CF SFBM XPSME USBOTBDUJPOT IBQQFOJOH PO UIF ;FUSJY CMPDLDIBJO UIVT HFOFSBUJOH demand for tokens regardless of market sentiment. Opportunities Leveraging Strategy There is new impetus in blockchain development with the entry of a new United States of America (“U.S.”) HPWFSONFOU XIJDI IBT B MJCFSBM QPMJDZ UPXBSET EJHJUBM BTTFUT .PSFPWFS UIFSF JT UIF JODSFBTJOH HMPCBM BEPQUJPO PG UIF EJHJUBMJTBUJPO PG HPWFSONFOU EPDVNFOUT MFE CZ calls from multilateral bodies like the United Nations (“UN”). 1SPNPUF UIF VTF PG CMPDLDIBJO BOE ;FUSJY NPSF TQFDJàDBMMZ BNPOH HPWFSONFOUT BT UIF JEFBM QMBUGPSN for digitalisation of such documents given the inherent advantages of blockchain in facilitating more applications. "T B QJPOFFSJOH CMPDLDIBJO QMBUGPSN JO UIF SFHJPO ;FUSJY has first-mover advantage to capture market share GPS EFDFOUSBMJTFE TFSWJDFT FTQFDJBMMZ XIFO JU DPNFT UP cross-border applications connecting to China given Zetrix’s unique position as an international supernode of China’s national blockchain. 8IJMF DPNQFUJUJPO JT TUJMM TDBSDF .:&( TIPVME BDDFMFSBUF the development and roll-out of solutions in order to capture market share. This would mean working closely with China to reinforce Zetrix’s position as the preferred or exclusive partner in delivering cross-border solutions so as to pre-empt potential new entrants. *O DPOKVODUJPO XJUI GPTUFSJOH CFOFàDJBM QBSUOFSTIJQT XJUI JNQPSUBOU QVCMJD BOE QSJWBUF FOUJUJFT UIF #PBSE SFNBJOT DBVUJPVTMZ PQUJNJTUJD BCPVU UIF GVUVSF PG UIF (SPVQ CBSSJOH VOFYQFDUFE EFWFMPQNFOUT .:&( T TUSPOH JOUFSOBM DBQBCJMJUJFT XIJDI FOBCMF JU UP TUSBUFHJDBMMZ MFWFSBHF FYJTUJOH OFX BOE QSPTQFDUJWF TFSWJDFT XJMM QFSTJTUFOUMZ HVJEF UIF Group’s core business strengths in the financial year 2025 towards achieving sustained growth on both the domestic and international fronts. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d)
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