Yinson Annual Report 2018

Tema is a city with a huge gap between private schools, mostly patronised by the rich, and the public schools, and the FSSR Project aims to improve the quality as well as accessibility in the city for the underprivileged. Category 1 and 2 tasks have been completed in all the 5 FSSR schools, except for Community 7 primary school. Some category 3 works such as painting has been done in some of the schools, while the renovation works in Community 7 primary school will commence soon. A total of USD250,000.00 was allotted for the project, with about USD81,000.00 already utilised to date. At the vocational level, we have invested USD350,000 in collaboration with the Ghana Education Service and the Council for Technical and Vocational Education and Training (“COTVET”) for the construction of the Yinson Welding Training Center. The welding training center houses equipment funded by the World Bank and will provide new technical knowledge to its students, to enable them to get better qualifications to enter the O&G industry and other industry sectors. It is our hope that this initiative will make a positive difference in the lives of those who seek to pursue such knowledge and prepare future generations to meet the manpower requirements of the industry. Towards the end of 2017, Futurestars applied to be registered as an official United Kingdom Charity and the charity was officially launched at Ipswich Town FC on 26 January 2018. For more information on the Futurestars Program please refer to www.futurestarscharity.org.uk/who-we-are/about- futurestars/ Currently, the training center admits up to 180 students but in future, we hope to also make it available to train staff of companies that require welding training. We are also in the midst of working with a reputable classification and certification company with headquarters in Norway, to certify the courses held at the center. Community 7 Primary School Community 8 Primary School Twediase Primary School Republic Road Primary School Baatsona Primary School Category 1: Urgent repair of hazardous situations and critical hygiene issues Category 2: Repairs of cracks and upgrade of sanitary and sewage systems Category 3: General painting and fencing SCHOOLS INVOLVED IN THE REHABILITATION PROJECT CATEGORIES OF TASKS TO BE COMPLETED IN THE 5 SELECTED SCHOOLS Corporate Overview Stewardship Governance Accountability 55 Yinson Holdings Berhad Annual Report 2018