AwanBiru Technology Berhad - Annual Report 2021

Dear Shareholders, OUR FOCUS ON STRATEGY AND PERFORMANCE Awantec has become synonymous with resilience. As we celebrate our 10 th IPO anniversary this year, it should be noted that it is only through the persistence of our employees and the support of our stakeholders that we have rebuilt ourselves against the socio-economic and political headwinds of last year. Awantec has evolved from an ICT training and certification provider to become a key player in the technology and talent industry. Recently pivoting ourselves to the Cloud into a Managed Services Provider (“ MSP ”), Awantec now offers services and products offerings that are aligned with Malaysia Digital Economy Blueprint (“ MyDIGITAL ”) in driving digitalisation for public and private sectors. The first half of the financial year ended 30th June 2021 saw Awantec combine our strength coupled with sheer determination in creatively progressing through our core business despite all the impediments. To mitigate impact of last year’s headwinds on our top and bottom line, the Group embarked on various initiatives to accelerate recovery whilst improving operational efficiency to protect profitability. This involved a rationalisation plan which included among others, cost cutting measures, divestment of non-core assets, and equity fund raising to further strengthen our capital “ On behalf of the Board of Directors, it is my pleasure to present the Annual Report for AwanBiru Technology Berhad (“ Awantec ” or “ the Group ”) for the financial year ended 30 June 2021 (“ FY2021 ”). I am extremely grateful to Allah Almighty for giving us the resilience, perseverance, and patience amidst the storm that we are all facing globally at present. Chairman’s Statement structure and improve cash flow. This has been ongoing since the movement restriction orders were announced by the government in 2020. We took stringent measures to reduce operating costs, while our plan to divest assets and raise equity funds helped with replenishing our working capital. Our Group’s core business remains focused on two core verticals – technology and talent, as drivers of revenue and profits. The year 2020 will indeed go down in history as a year where many countries were brought to an almost-standstill as countries around the globe adopted lockdowns and circuit breakers to curtail the pandemic. In Malaysia however, as the number of infections continued to rise in the first half of 2021, the government implemented restrictions to look after the well-being of its people while monitoring economic activities closely. Attempts at combating the new wave of COVID-19 infections since October 2020 were less fruitful. Thankfully, as I pen this note well into 2021, we are seeing significant improvement towards managing this pandemic and hopefully businesses are able to operate fully once again. Nevertheless, Awantec will continue to operate responsibly, to ensure the livelihood of our people are taken care off and the best interest of our shareholders and customers are prioritised while contributing to the economic growth of the nation. Awantec | Key Messages 12 Annual Report 2021