OUR BUSINESS OUR VALUE CREATION PROCESS AND BUSINESS MODEL Financial Values Created Revenue: RM651.11 million Profit before Tax: RM404.37 million Cash and cash equivalents: RM76.42 million IPO and listing of Agmo Holdings Berhad (in which MYEG has 25.8% stake, or 84,000,000 shares) and subsequent proposed distribution of Agmo shares to MYEG shareholders Social and Relationship Values created Greater understanding among key government and business stakeholders on our business model and prospects going forward. Greater investment analyst and investor interest in our company. Sharing of resources to achieve a common goal in a business value chain Intellectual Values Created Introduction of MyMotor, MyAssist, as well as an online vehicle auction platform, and most recently the online renewal of motorcycle insurance and road tax as well as CDL, further cements MYEG as a one-stop centre that covers the needs of drivers and motorists. This includes providing a large range of new and used vehicles to choose from, providing financial assistance via multiple vehicle financing options as roadside vehicle assistance packages. All of these can be accessed via MYEG – a single website solution. Other benefits (related and unrelated) created via the business model include: Manufactured Outcomes Improved efficiency of our one-stop, door-to-door, service experience for customers. Expansion of services to more customers nationwide. Further strengthening our value proposition as a one-stop service provider and the go-to provider for a wide range of necessary and important services. Promote use and proliferation of e-services in Malaysia, including e-Government services Intellectual Outcomes Provides convenience to customers saving time, travel and contributing to reduced environmental footprint across the customer value chain. Further enhancement of our unique business model and value proposition. The ability to retain our market leadership position and to continue setting the pace for the industry. The ability to operate as a market disruptor and leader through new technology and new offerings. Social and Relationship Outcomes Proposed establishing a Sukuk Wakalah Programme, which allows for the issuance of Sukuk Wakalah from time to time. MYEG also saw one of the companies it has invested in, Agmo, being listed on the ACE Market of Bursa Securities subsequent to its IPO exercise. At the time of listing, MYEG Capital held 84,000,000 (25.8%) of Agmo’s shares. Invested in blockchain projects by collaborating with Universiti Malaya (“UM”) and Universiti Utara Malaysia (“UUM”) in exploring opportunities to promote and foster the development of academic and research projects in blockchain. The MyStay foreign worker accommodation programme also significantly expanded with a worker hostel in Shah Alam already built, which has resulted in a high utilisation rate. The Shah Alam hostel adds to our existing Melaka facilities. Bandar Sultan Suleiman hostel was at 100% occupancy and Masjid Tanah hostel was at 71% occupancy. Obtained Social Impact Assessment approval to plan and construction the Sungai Buloh hostel (max occupancy 1,500 pax). JCorp agreed and issued Letter of Offer to MYEG to purchase 9.53 acres of vacant land. MYEG also acquired 2.18 acres of vacant land in Rawang, Selangor. MYEG Capital entered into a Supplemental Agreement to the Heads of Agreement with S7 Holdings Sdn. Bhd, Merrington Assets Limited, Avocat Sdn. Bhd., Matrix Indeks Sdn. Bhd., Venstrait Sdn. Bhd., Ancom Logistics Berhad (“ALB”) and Ancom Berhad. The proposed disposal in the Supplemental Agreement by ALB of the subsidiaries of ALB to Ancom Berhad or its subsidiary, at a valuation to be agreed by ALB and Ancom Berhad or its subsidiary. OUTPUTS OUTCOMES Manufactured Values Created Online renewal of motorcycle insurance and road tax as well as CDL. Zetrix’s Layer-1 blockchain NFT Pangolin Zetrix TradeFi BID / VC and blockchain-based e-signing services Covinsure Online Travel Tax Services System MySafeQ MySafeTravel MYEGuard in the Philippines BreFence Go COVID-19 Breath Test System Ztrade Human Outcomes 2,308 staff strength Low attrition rate Development of highly skilled knowledge based workers to drive Malaysia’s digital economy. Human Values Created z Competent employees z Increase in employee engagement z Long service employee z Growth in workforce Financial Outcomes Final dividend payout of 1.17 sen per share for FY2022 subject to shareholders’ approval. RM3.97 million paid in income tax Total assets of RM2.54 billion RM1.00 billion distributable retained profits RM60.70 million paid to financiers in repayment of term loans and lease liabilities RM443.06 million in total borrowings Low 0.22 times gearing z Enabling foreign worker permit and insurance renewal. z Road tax renewal in one click and delivery of road tax to the preferred destination. z Varieties of IT related services and products that are attractive to investors. z Positive technology investment that is expected to perform well in the future. z Enhancing road safety and facilitating more effective regulation and enforcement. z Allow for the issuance of Sukuk Wakalah via Sukuk Wakalah Programme. z Provision of online finance services via MYEG Finance Technology Sdn Bhd z Launch of iPay Easy Wallet z New blockchain-related initiatives including MYEG Lock-Earn Wallet, NFT Pangolin and the Xinghuo-Zetrix blockchain supernodes and its related cross-border services such as digital customs clearance. One-stop COVID-19 portal Beli e-Mart (rebranded from NAK BELI platform) MyStay foreign worker accommodation services Sukuk Wakalah Programme COVID-19 test kit in Malaysia and the Philippines MYEG Philippines had entered into a Memorandum of Agreement with the TIEZA to provide its payment channels for the collection of travel taxes through TIEZA’s OTTSS. Data sharing collaboration with the Department of Labour of Peninsular Malaysia. MYEG announced its official entry into the NFT space with the launch of NFT Pangolin. MOU of Strategic Cooperation with the Institute of Industrial Internet and Internet of Things of the CAICT, to establish an international extension of China’s national blockchain network, Xinghuo Blockchain Infrastructure and Facility. Zetrix, which is MYEG’s Layer-1 blockchain platform, alongside CAICT-owned Xinghuo BIF, jointly introduced BID / VC and blockchain-based e-signing services to international markets. MYEG’s Zetrix announced the launch of Covinsure. The NFT-based insurance product will provide insurance using blockchain technology and cryptocurrency as a payment method. MYEG entered into a MOU with MIMOS to jointly develop and operate the national Layer-1 public blockchain using Zetrix and MIMOS blockchain technology, as the components of the MBI. MYEG’s Zetrix had also launched the pilot for its cross-border trade financing solution, Zetrix TradeFi. AmBank (M) Berhad will be the pioneer bank participating on the blockchain-based digital platform subject to relevant approvals. MYEG announced a deeper collaboration with CAICT for MYEG to own and operate the Xinghuo International Supernode that will provide connectivity from China to the rest of the world. MYEG’s Zetrix was chosen by the Chinese Government as a component of its G2G programme. Initiated by China’s Ministry of Science and Technology, Malaysia (via UM) is one of the 14 countries participating in the programme. MYEG signed a partnership agreement with East Logistic-Link Co. Ltd, a wholly-owned agency of the GACC, to jointly provide a full suite of cross-border trade facilitation services that include certificates of origin on the Zetrix blockchain platform. MYEG Philippines announced that it has secured an agreement to deliver services for the Philippines’ NBI for another 3 years. Signed an agreement with the DOH-MMCHD to enable online payments for permits, licenses, accreditation, authorisation, registration, certification, clearances, violations, and other DOH transactions. Signed a tripartite agreement with SBMA and InterCommerce Network Services, Inc. for the acceptance and processing of online payment on SBMA's eBPS. VALUE CREATION MODEL (cont’d) 59
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