Overview of Operations Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Company”) is an investment holding company while the Group (i.e. Sasbadi Holdings and its subsidiaries) is an education solutions provider. Further details on the Group’s subsidiaries are disclosed in Note 8 to the Financial Statements section in this Annual Report. The Group’s history began with the incorporation of Sasbadi Sdn Bhd (“SSB”) in 1985, which commenced its operations as a publisher of printed educational materials within the same year. In order to meet the teaching and learning needs of the 21st century, the Group evolved from being mainly an educational print publisher to a provider of diverse education solutions which include digital technology that enables effective and efficient teaching and learning, applied learning tools that facilitate Science, Technology, Engineering, and Mathematics (“STEM”) education, education services, English language learning cum assessment solutions and a direct selling business. On 23 July 2014, the Company was successfully listed on the Main Market of Bursa Malaysia Securities Berhad. Chan Yuet Leng Group Chief Financial Officer Law King Hui Group Managing Director Opening statement: FYE 31 August 2022 has been a favourable year for our Group as we have managed to return to black after two years of net losses. This was firmly supported by healthy demand for our suite of quality education solutions that have been trusted by teachers, parents, and students across 2 generations. MANAGEMENT DISCUSSION AND ANALYSIS 14 SASBADI HOLDINGS BERHAD
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