In FY2025, this commitment was further strengthened through the operationalisation of its teaming agreement with HeiTech Padu Berhad (“HeiTech Padu”), enabling the joint execution of large-scale government IT and digitalisation projects, starting with the implementation of the NIISe project, which represents the biggest overhaul of the Immigration Department’s system in over 20 years. These initiatives not only reaffirm Zetrix AI’s role as a long-term partner to the Government, but also provide fresh avenues for innovation and value creation in the years ahead. Therefore, the central focus of Zetrix AI remains clear, which is effectively balancing the needs of diverse stakeholders while ensuring that services are delivered in a secure, efficient, privacy-protected and user-friendly manner. Zetrix AI’s longstanding and proven track record of successful e-Government initiatives in Malaysia and abroad, through leveraging its deep expertise to engage regulators, agencies, and industry players, has driven many stakeholders’ closer alignment to large-scale digital transformation. Zetrix AI’s capability to overcome implementation challenges and deliver impactful solutions that not only support national priorities, but also contribute to the industry and region’s broader economic integration and advancement, remains the Group’s biggest strength and what will continue to drive its strategic priorities moving forward. AI & BLOCKCHAIN TECHNOLOGY The accelerating global adoption of Web3 technologies continued to position the Zetrix Layer-1 public blockchain infrastructure as a leading platform for secure, scalable and real-world applications. Its early-mover advantage, underpinned by the strategic integration with China’s national Xinghuo BIF, has translated into a growing base of developers, enterprises and government agencies adopting Zetrix AI’s tools to power decentralised applications. This ever-expanding usage cements Zetrix AI’s reputation as a trusted platform, particularly for cross-border identity, trade and regulatory processes where immutability, security and interoperability are paramount. Blockchain became a mainstream, nationally-driven technological driver in 2025 with the operationalisation of the MBI, developed in collaboration with MIMOS Berhad. By unifying fragmented ecosystems and enabling applications such as digital identity, supply chain traceability and asset tokenisation, MBI reinforces Zetrix AI’s central role in Malaysia’s digital transformation journey and positions it as an anchor for the regional blockchain economy. At the same time, Zetrix AI advanced into the AI frontier. Now, with the three major verticals of Zetrix AI established, namely AI, blockchain, and robotics, the intersection and mutually-reinforcing nature of these verticals can take full effect in our operations and business plans. Integrating AI into blockchain enhances decision-making, optimises the use of smart contracts, and strengthens Web3 cryptographic technology and decentralisation for security and transparency. AI + Blockchain integration into robotics to enable complex task execution via autonomous learning within a secure decentralised environment. Robotics Blockchain ZETRIX AI AI MANAGEMENT DISCUSSION AND ANALYSIS (cont’d) 24
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