ZETRIX AI’S OUTLOOK Zetrix AI is fully aware that safeguarding its first-mover advantage necessitates early investment in pioneering technologies, such as blockchain and AI. However, this needs to be balanced with financial resilience, anchored by prudent capital management, a robust balance sheet and consistent profitability. This is why for 2026 and beyond, the Group’s strategic focus will be centred on two fronts. The first strategic focus is the ASEAN China AI Lab, where the Group will collaborate with the best-in-class technology providers from China and in the ASEAN region across the fields of AI, blockchain and robotics and driving the convergence of these technologies. The key objective here is to collaborate in taking the best of cutting-edge innovations built in China and localising and customising them to fit the unique local cultural, social and economic contexts of individual ASEAN markets. In so doing, the Group is confident of bringing to market technologies that are of real-world utility and can be widely adopted across the region. NurAI is an example of such customisation of a world-class AI large language model technology, reimagined and customised to suit the local context of the Muslim community in the region and worldwide. As such, Zetrix AI plans to prioritise the development of new products and services that demonstrate clear commercial viability and real-world applicability. In making capital allocation decisions, the strength of internally generated cash flows would be considered closely, ensuring that growth ambitions are grounded in financial discipline and sustainable financial health. Notably, Zetrix AI expects to continue its blockchain and AI initiatives to drive more organic growth for 2026. The second strategic focus will be on the MBI, where alongside its partner MIMOS Berhad, the Group will continue to promote its adoption as the national blockchain infrastructure to power applications for e-Government services and related commercial services. Continued emphasis will be placed on the adoption of digital ID applications, particularly MyDigital ID and NIISe, as the primary national ID verification mechanism to enhance transaction security, integrity and fraud prevention. At the same time, the Group will progressively expand blockchain-enabled financial services use cases on the MBI, including stablecoin initiatives such as JMYR, digital bank guarantees and other asset tokenisation applications, reinforcing the platform’s role in enabling trusted, efficient and innovative digital financial services. Zetrix AI will further reinforce these strategic focuses with the recent participation of the World Bank Group’s IFC as an equity investor, which strengthens Zetrix AI’s institutional foundation as it scales its initiatives. Beyond capital support, IFC’s involvement enhances the Group’s ability and opportunities to accelerate market accessibility for the deployment of blockchain-based identity, trade and tokenisation applications across Malaysia and high-growth emerging markets in ASEAN and beyond. Part of this involves continued commercialisation of innovative services as the Zetrix Layer-1 blockchain becomes widely adopted. With the operationalisation of MBI with MIMOS Berhad, the opportunities for Zetrix AI is set to see enhanced growth. The deeper integration of Zetrix AI’s blockchain tools with China’s national blockchain platform will also allow more simplified cross-border trading to take place and signal the Group’s deeper penetration into the global market. The Malaysian Government’s proactive stance on blockchain and Web3, which has been highlighted numerous times in FY2025 through major initiatives such as RMK-13, the MBI, as well as support for the inaugural Malaysia Blockchain Week in July 2025, creates a conducive environment for innovation-led growth for multiple stakeholders, from the Group to the end user. Zetrix AI’s regional expansion strategy also serves to reduce dependence on any single market, transforming Zetrix AI from a national player into a global contender offering versatile, region-ready services. This diversification mitigates concentration risk and reinforces long-term growth resilience. MANAGEMENT DISCUSSION AND ANALYSIS (cont’d) 30
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