MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 28 In December 2021, MYEG was recognised with the “Excellent Award” from China’s Ministry of Industry and Information Technology following its case presentation at the 10+3 Digital Economy Innovation Forum & Awards in China on its Zetrix blockchain project. In March 2022, MYEG announced its official entry into the NFT space with the launch of NFT Pangolin, a global NFT marketplace which supports the issuance and trading of NFTs. Subsequently, in April 2020, the foundational development for Zetrix’s Layer-1 blockchain functionalities was completed and the blockchain’s mainnet was launched. This marked the completion of the first phase of Zetrix’s journey towards being a leading platform for decentralized applications, with NFT Pangolin being one of the first applications to be hosted on Zetrix, thus enabling the introduction of Zetrix-minted NFTs on the platform. To commemorate Zetrix’s mainnet launch and the first-ever minting of NFTs on the Zetrix blockchain, users of the ‘Compare by MYEG’ service would receive free, limited-edition commemorative NFTs to kickstart their digital assets journey. OTHER MALAYSIA BUSINESS HIGHLIGHTS AND ACHIEVEMENTS Beyond MYEG’s healthcare and blockchain successes, the Group also continues to chart significant developments in other areas of its operations. In January 2021, MYEG Capital participated in a Series A financing by Beijing DeepScience Technology Ltd., a leading virtual live streaming, real-time animation and digital human company. It has already achieved virtual and real image synthesis and digital human-computer interaction functions in certain commercial fields that MYEG could potentially leverage in the future. March 2021 saw MYEG venturing into the online gaming space when it secured title partnership of the inaugural Malaysia Esports Series 2021 (“MES 2021”). MES 2021 was jointly organised by My Events International and THQ Esports Club. The event is supported by the Ministry of Youth & Sports, Ministry of Higher Education and Ministry of Health. In April 2021, MYEG’s NAK BELI e-commerce platform, rebranded to BELI e-Mart, introduced same-day delivery for customers following the opening of two new BELI Mart physical stores in Puchong and SS15 Subang Jaya. The two new stores were additions to the existing store in Damansara Perdana, Petaling Jaya. The three retail stores are a part of a pilot programme for same-day delivery service that may lead to more stores launched in the near future. The BELI platform also continued to secure long-term partnerships with corporations to become their essentials provider, helping these corporations to maintain their business during the pandemic period. BELI’s user base grew exponentially in FY2021, increasing multiple times over its FY2020 base. In November 2021, MYEG received approval from the JPJ to commence development of a Proof of Concept (“POC”) for an Automated Training and Driving Test System (“e-Testing”). The system is intended to support more effective assessment of candidates undergoing the Drivers’ Learning Education Curriculum. The POC commenced from 1 December 2021 and is a prelude to the eventual commercialisation of the e-Testing system. In the same month, MYEG entered into a MOU with A Tech Insure Sdn. Bhd. (“A Tech”) to provide Malaysian civil servants with a platform to purchase motor vehicle takaful coverage together with renewal of road tax through an interest-free Shariah-compliant Qard loan facility. The facility enables instalment payments via a salary deduction plan of up to 10 months. This partnership would see MYEG operating and maintaining an electronic platform to process all online applications submitted by civil servants for motor vehicle takaful purchases and road tax renewals. November 2021 also saw Group subsidiary, MYEG Fin Tech, having its money lending license renewed by the Ministry of Housing and Local Government of Malaysia. The license renewal is valid for 2 years beginning from 15 January 2022 to 14 January 2024. This license would enable MYEG Fin Tech to carry out money lending-related activities and services that complement its current businesses. MANAGEMENT DISCUSSION AND ANALYSIS REVIEW OF THE MACRO-OPERATING ENVIRONMENT (CONT’D)
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