PERFORMANCE There is presently no restriction under the existing regulatory framework for such implementation, with the financial institutions required to always comply with applicable regulations under the Financial Institution Act. MOF will consider accepting e-Bank Guarantee for its own procurement requirements once implementation by Zetrix AI and the financial institutions is completed. In September 2025, Zetrix AI made a significant step towards Islamic values-based AI, sign a Letter of Intent (“LOI”) with the Government of Malaysia through the Prime Minister’s Department (Religious Affairs) to collaborate on establishing the foremost global framework for Shariah compliance, certification and governance in AI. That same month also marked a major milestone for the MUO, which partnered with Zetrix AI to introduce the official Miss Universe Global Blockchain Voting App, marking a major milestone in the pageant’s legacy. With millions of votes cast, the app marked the first time fans globally could vote directly for their favourites and do so with complete trust, thanks to blockchain’s secure and verifiable technology safeguarding a credible voting infrastructure. The app also introduces AI companions inspired by Miss Universe contestants, offering fans a uniquely immersive way to connect with the women, their causes and their cultures. In November 2025, Zetrix AI reaffirming its collaboration with the FMFF, committing to jointly drive the full adoption of digital cross-border trade processing, beginning with the implementation of digital Certificates of Origin (“COs”) for trade between Malaysia and China. This collaboration will support the full digitalisation of customs clearance between the two economies on the blockchain through the ZTrade platform. In December 2025, Bullish Aim Sdn. Bhd., chaired and owned by His Royal Highness Tunku Ismail Ibni Sultan Ibrahim, the Regent of Johor, announced the official launch of RMJDT (now known as JMYR), a Ringgit-backed stablecoin issued on Zetrix. Since renamed JMYR, the stablecoin is designed to strengthen the international use of the Malaysian Ringgit in cross-border trade settlements and to act as a catalyst for attracting increased foreign direct investment into Malaysia. The initiative aligns with global tokenisation trends and directly supports Malaysia’s Digital Asset National Policy. Zetrix continued innovating into 2026, with January seeing MBISB announcing its endorsement of a privacy-preserving age verification solution developed on the Zetrix platform. It is designed to help social media and messaging services comply with age-related access requirements while minimising the handling of users’ personal data as part of the MBI initiative. The move comes as the Government seeks to protect minors by enforcing minimum age requirements for social media access by the middle of this year. In February 2026, the World Bank Group, through the IFC, announced a RM155.6 million (USD40 million) equity investment in Zetrix AI to support the development and expansion of blockchain-based DPI applications and AIenabled services aimed at improving digital inclusion, access to services and economic efficiency in Malaysia and the broader ASEAN region. This landmark investment represented a strong international institutional endorsement of Zetrix AI’s technology capabilities and its role in advancing secure, inclusive and interoperable digital public services across ASEAN markets. With Zetrix AI’s rapid progress in advancing and integrating blockchain and AI solutions across a widening base of markets and strategic partnerships being a key driver of the Group’s earnings momentum in FY2025, it underscores the scalability of Zetrix AI’s platforms and the strong market appetite for real-world Web3 applications. Aligning clearly with the rebrand from MYEG to Zetrix AI, these highlighted developments mark a successful ongoing chapter of global ambition for the Group, which is well positioned to sustain meaningful growth in the years ahead. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d) PEORFVOERVMIAEWNCE 27
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