AwanBiru Technology Berhad - Annual Report 2021
Overview ABOUT THIS REPORT This is the sixth Sustainability Statement (“ the Statement ”) by AwanBiru Technology Berhad (“ Awantec ” or “ the Group ”). The Statement covers Awantec’s sustainability strategies, initiatives and performance, for each of our principles that are directly mapped to our Environmental, Social and Governance (“ ESG ”) issues, for the financial year 1 July 2020 to 30 June 2021. Our reporting scope, boundaries and period can be found on the inside front cover of this annual report. This Sustainability Statement is reported annually following the Group’s financial year, unless stated otherwise. Following a change in Awantec’s financial period in 2019, our data and performance are measured from 1 July 2018 to 30 June 2019 (“ FP2019 ”) against our performance from 1 July 2019 to 30 June 2020 (“ FY2020 ”), and 1 July 2020 to 30 June 2021 (“ FY2021 ”) to provide a clear comparison of our performance. Subject to our scope, all data, statistics and targets are in relation to Awantec’s operations in Malaysia. We have divided our turnover rate for the past three (3) financial years/period (FP2019 - FY2021) into two categories: voluntary and involuntary to comply with the latest requirements. Key Changes: In terms of the Group’s structure, we have disposed two subsidiaries in the Group: 1. On 16 November 2020, we had completed our disposal of the entire equity interest in Prestariang Education Sdn. Bhd. (“ PESB ”). As such, PESB ceased to be a subsidiary of the Group. For details please refer to our announcement made to Bursa Malaysia Securities Berhad on 16 November 2020, which can be found on our website https://www.awantec.my . 2. On 23 August 2021, we entered into a Sale and Purchase Agreement with MIE Corporate Holdings Sdn. Bhd. for the proposed disposal of equity interest held in Prestariang O&G Sdn. Bhd. (“ POGSB ”) and the disposal was completed on the same day. Hence, POGSB cease to be a subsidiary of the Group. For details please refer to our announcement made to Bursa Malaysia Securities Berhad on 23 August 2021, which can be found on our website https://www.awantec.my . On our supply chain, we have ceased from being a member of Microsoft Partner Network during the reporting cycle. Awantec is no longer an affiliate or a partner of Microsoft effective 31 January 2021. For details please refer to our announcement, made to Bursa Malaysia Securities Berhad on 23 December 2021, which can be found on our website https://www.awantec.my . There were no other significant changes to the organisation and our supply chain during the reporting cycle. During the reporting period, we have not sought external assurance for this report. Consideration of external assurance will be done as our reporting matures. Awantec | Sustainability 40 Annual Report 2021
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