My EG Services Berhad Annual Report 2021

MY E.G. SERVICES BERHAD Registration No. 200001003034 (505639-K) 52 EXTERNAL FACTOR DESCRIPTION IMPACT ON MYEG / BUSINESS MODEL IMPACTED CAPITALS RISKS OPPORTUNITIES LEGAL Changes or the lack of pace in the regulatory sphere with rapidly evolving technologies pose a potential risk for technology players. The formulation and implementation of policies may necessitate changes in solutions or in the delivery of solutions that could impact market and resource access, ability to source for talent and other factors. Legal Social Human Intellectual Non-renewal of contracts Loss of access to spectrum Lack of new business opportunities Political and regulatory pressure Continued engagement with regulatory stakeholders to ensure industry perspective is reflected in regulations. ENVIRONMENTAL Issues such as climate change and global warming can pose new challenges and risks, even to technological players. Rising temperatures, flash floods can impact MYEG’s physical presence in its operating markets. In addition, emerging regulations could cause complications to the business model as financial and nonfinancial resources are diverted to address climate change regulations and issues. Natural Financial Legal Manufactured Political and regulatory pressure Natural disasters Noncompliance with laws and legislation The Group may need to focus on energy efficiency and conservation, reduction of carbon emissions and to adopt renewable energy as part of its natural capitals. Further information on the Group’s principal, financial, business, operational and strategic risks are provided in the ‘Risks and Opportunities’ section of this report. OPERATING ENVIRONMENT (CONT’D)

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