RAISING CAPITALS FOR BUSINESS DEVELOPMENT EXPENDITURE In FY2025, Zetrix AI’s Sukuk Wakalah programme raised an additional RM487.5 million, bringing the total raised through the programme to the intended RM1.49 billion. The Sukuk Wakalah is part of Zetrix AI’s Sustainable Financing Framework, specifically developed and launched to accelerate Zetrix AI’s continued pivot on “green” or sustainabilitydriven projects and initiatives. The Framework will apply to any forthcoming Green / Social / Sustainable / Sustainable & Responsible Investment (“SRI”) financings (“Sustainable Financing”) including the following: • Social Bond Principles, Green Bond Principles, and Sustainability Bond Guidelines of the International Capital Markets Association (“ICMA”) or as they may be subsequently updated or amended; • Social Bond Standards, Green Bond Standards and Sustainability Bond Standards of the ASEAN Capital Markets Forum (“ACMF”) or as they may be subsequently updated or amended; • Social Loan Principles and Green Loan Principles of the Asia Pacific Loan Market Association (“APLMA”), the Loan Market Association (“LMA”) and the Loan Syndications and Trading Association (“LSTA”) or as they may be subsequently updated or amended; and • SRI Sukuk Framework of the Securities Commission Malaysia (“SC”) or as they may be subsequently updated or amended. Proceeds from the said sukuk issuance will be used for Shariah-compliant working capital requirements, capital expenditures, investments and financing of business expansions of the Group. It can also be tapped to refinance existing conventional loans or existing or future Islamic financing facilities (including sukuk). These include the Group’s blockchain and AI ventures as well as funding expansion of its foreign worker hostel operations and other ESG-based businesses. Additionally, the sale of Zetrix tokens has unlocked a new potential revenue stream for Zetrix AI, going beyond conventional financial markets to raise funds for the expansion of the Group’s blockchain venture. Since the listing of Zetrix tokens through an initial exchange offering on various exchanges in October 2023 at an offer price of 5 USDT, Zetrix token prices have increased significantly at current market values. Kindly refer to the Group’s Management Discussion and Analysis section of this report for specific information on this strategic priority. INVESTING IN PROMISING START-UP VENTURES In paving more opportunistic pathways for sustaining long-term growth, Zetrix AI has further ventured into identifying promising start-ups to invest in and support, both at home in Malaysia and overseas such as in China. The Group already has an extended track record of investing in technology start-up companies in Malaysia, with the list including technology businesses such as Stampeded Solution Sdn. Bhd. and Agmo Studio Sdn. Bhd. In China, Zetrix AI’s start-up investments include Ximmerse, HiScene and DeepScience Technology. The Group views these start-up investments as a promising way to participate in and contribute towards the next generation of technology and innovations with disruptive potential, while at the same time gaining access to emerging innovations and exploring opportunities for collaborations with partners that can offer solutions that complement and enhance Zetrix AI’s service offerings. The growth potential for these start-ups can also expand to their eventual listing, generating more positive returns on Zetrix AI’s investments. Agmo Studio’s listing on Malaysia’s ACE Market is a recent case in point. STRATEGIES TO SUSTAIN VALUE CREATION (cont’d) 60
RkJQdWJsaXNoZXIy NDgzMzc=