Yinson Annual Report 2019

BUILDING COMMUNITIES Strong communities require strong foundations fromwhich to grow. At Yinson, we have worked to develop these foundations through contributions to building projects that provide valuable infrastructure for communities. These projects, which are delivered in our direct and extended areas of influence, include the building, renovation and refurbishment of schools, training centres and community facilities. Through these projects, we aim to facilitate community-driven growth by establishing the necessary conditions for development. YinsonWelding Training Centre Since its commissioning in 2017, the YinsonWelding Training Centre has served as a training facility for the Takoradi Technical Institute (“TTI”), enabling TTI to provide students with valuable technical training in welding and fabrication skills. The Centre provides the necessary facilities for 600 students to develop their qualifications for employment in the oil and gas industry and other industry sectors. Seven out of the eight welding instructors in the Training Centre have received the requisite training to enable them to teach the students to the highest standards. Yinson provided USD460,000 to fund the construction of the Centre. In 2018, we offered further support to the YinsonWelding Training Centre by providing welding consumables worth USD15,000 to help with the training of students. It is our hope that our support for this important facility will enable TTI to continue to provide the students with the skills required for the oil and gas industry. We will also continue to work towards our goal to make training available to local companies’ staff. Futurestars School Rehabilitation Futurestars is a non-profit initiative that provides education-through-sports to five schools in the city of Tema, near Accra, Ghana. As one of the founding teammembers of Futurestars, which is now a registered United Kingdom charity, Yinson has been committed to supporting the initiative since 2015, when we became a part of the Futurestars founding team. This includes support for one of Futurestars’ first initiatives, the Futurestars School Rehabilitation (“FSSR”) programme, which was established with the goal of renovating five public schools in Tema. FSSR involves the urgent repair of hazardous situations and critical hygiene issues, followed by the repairs of cracks and upgrades to modern sanitary sewage systems and, finally, general painting and fencing. Renovation works are now nearing completion in all five schools, providing the schoolchildren with safer and more conducive learning environments. Yinson’s total contribution to the project thus far amounted to USD141,000. Sustainability Statement Yinson Holdings Berhad ANNUAL REPORT 2019 56