AwanBiru Technology Berhad - Annual Report 2021

In the last 10 years, we have been operating in a space where digital adoption is increasing. The global pandemic has also seen an increase in adoption trends. Awantec continues to expand its services and recommends service improvements across the organisations we serve. Our cloud-based offerings have been well received, and we have seen new contracts and customers from both public and private sectors. Our successful penetration into this market is underpinned by the strength and business acumen of our Board and the leadership skills of the Management Team, who have proven themselves as capable of weathering many changes. Esteemed Stakeholders, In line with the Government’s initiatives under the Twelfth Malaysia Plan (“ RMKe-12 ”), Awantec is ideally positioned to support the nation’s Digital Economy with Lifelong Learning programmes in driving talent pool reskilling and up-skilling. Awantec is well aware of the need to evolve knowledge and skills of existing talent to embrace the inevitable Industrial Revolution (“ IR ”) 4.0 in keeping up with technological advancements. In Awantec, we are seeing increased traction for the offerings in our talent vertical. It allows us to build a talent pool both inside and outside of the organisation. We recognise how our Talent and Technology verticals synergistically complement each other. Our Talent Development programmes are tailored not only to prime the nation’s talent pool in support of the nation’s digitalised economy, but also our own internal talent pool to meet current and future demand of specific skills, by future-proofing their own competencies in those areas. By offering holistic solutions, we help our talent to enhance their potential and their marketability by learning and inculcating new skills. We realise that there is more to be done. It is our aspiration to grow the Talent segment while adding more technology-centric elements into this vertical. Our market-centric Talent solutions start with us understanding the customer requirements in terms of qualification, skill sets and competencies that are required. In the case of Selangor Kerjaya Programme, we identify, profile, train and place talent to fit the employers’ needs. It is a key programme, driven by the Selangor state government where we provided training and job placement services for job seekers. The data gathered for the state is an additional value all to provide intelligence and strategic insights for them to improve employment opportunities for its citizens in the near future. Chairman’s Statement This was a unique approach where Awantec not only matched suitable candidates with relevant employers, whilst futureproofing both parties with the much-needed skills and technologies to embrace IR 4.0, but we also provided intel to the state for future talent planning with recommended upskilling and re-skilling initiatives. As talent landscape continues to change and evolve, we realised that there are many possibilities and opportunities which can be explored within the Talent sector, including the use of technology in the delivery of our solutions. This has made our offerings competitive and scalable, not just for public sector initiatives but also for the private sector. Malaysia is a prime location for major brands to set up their global business services centres. This is because we train our talent pool to be IR 4.0 savvy. Awantec has evolved its training approaches from traditional technology-based talent solutions, to a scalable one which can be deployed beyond our shores. Our People, Our Asset Awantec’s service offerings in Talent vertical is the answer to scale up and upskill local talent in order to meet challenges of the future in this digital era as envisioned in the RMKe- 12. On a personal note, I see a strong opportunity for us to export expertise and talent. Our country has good talent and if the issue that we are facing as a nation is unemployment and the inability to secure employment for individuals, we should explore the idea of assisting Malaysians in securing employment overseas, in any sector which will yield benefits for the country by bringing our unemployment rate lower. FINANCIAL RESULTS The successful completion of a series of rationalisation plans and corporate exercises has resulted in a strong cash position, which includes our fund-raising exercise, monetisation of non- core assets and reduction in operating costs. This has given us the resilience as we rebuild our business with new product lines and services. Awantec | Key Messages 14 Annual Report 2021