AwanBiru Technology Berhad - Annual Report 2021

Forward-Looking Statement Awantec is confident it will experience many more successes as it has earned the confidence of its shareholders, relevant stakeholders and most importantly its employees who deliver products and services to the market. Capacity strengthening is significant to us with new tools, new business model agility, and new approaches in being nimble to deliver superior services to the market. ESG initiatives and compliance, can also be key drivers for new opportunities and innovation that creates long- term value for both business and society. Awantec recognises that a strong ESG profile garners competitive leverage in the digital marketplace. Awantec is committed to not only operating sustainably, but to promote sustainability as an integral part of our businesses. This is to fulfil our fiduciary duty as public listed company inDoingWell, and our calling as an advocate of Technology and Talent by Doing Good inpositively impacting our people, environment, customers, economy, andultimately society at large; leadingMalaysia towards the digital economy and beyond. We have consolidated our efforts in Doing Well by Doing Good throughout the financial year under review, and we plan to keep on going with that motto in mind for every business and operational decisions that we make in the future. Awantec is proud to be a key player in the digital economy landscape which is expected to contribute 22.6% to the country’s GDP by 2025. Cloud Readiness Index Asia (2020) rankedMalaysia in 8th position after Japan for Cloud Services preferred countries. Known as the global financial services hub, Hong Kong and Singapore are ranked 1st and 2nd in the same index. Innovation and knowledge are driving economic growth and competitiveness of a nation in the era of the Fourth Industrial Revolution (“ IR 4.0 ”). The IR 4.0 is a technological revolution characterised by a fusion of digital technologies, innovation, and knowledge across socioeconomic activities. As a result, the IR 4.0 catalyses the growth of digital economy in Malaysia. Cloud based solutions and cloud computing allows businesses to procure services without having to own and maintain assets. 44% of micro, small, and medium enterprises (“ MSMEs ”) are using cloud computing, but more than80%of this for now relatemainly to storing documents, photos, and videos. There is significant room to leverage this with machine learning solutions, artificial intelligence and a host of other cloud based innovation that is yet to come. Awantec is ready to assist its customers to embrace the digital economy towards the IR 4.0, where digital technologies are being widely adopted. According to the World Economic Forum, IR 4.0 involves a fusion of technologies – blurring the lines between the physical, digital, and biological domains. Moreover, it disrupts almost every industry and transforms all productions, managements, and governance in its path. The rapid adoption of digital technology and the integration of data will effectively drive opportunities for digital economy players such as Awantec. DR. ABU HASAN BIN ISMAIL Founder, President and Group CEO Key Messages | Awantec 23 Annual Report 2021