86 YINSON HOLDINGS BERHAD | INTEGRATED ANNUAL REPORT 2024 A FOCUS ON GROWING OUR BUSINESSES When Yinson GreenTech was established in 2020, we initially focused on making strategic green technology investments. These businesses were good investments on their own. But at the same time, and perhaps more importantly, they provided us with a knowledge and resource base to develop our own new businesses. In starting these new businesses, we started where we were the strongest. In terms of geographical location and where we had the strongest business presence, this was Southeast Asia. In terms of experience and resources, leveraging from our connection with Yinson Group, it was within the marine, mobility and energy segments. The businesses each champion one vertical of the electrification megatrend – marine transport (marinEV), urban mobility (drivEV), micromobility (rydeEV), and charging infrastructure (chargEV). The fifth business, digitalEV, integrates all these verticals together through the provision of an integrated digital marketplace platform. In 2023, we underwent an intensive exercise to formalise the business models, targets and strategies of our businesses, as well as how they synergise towards the achievement of our goal of establishing an integrated, technology-driven ecosystem of green transportation across land and sea. The exercise gave us a strong framework to operationalise and grow our businesses, which has been our key focus in the year. Internally, we invested in strengthening our management and operational teams, governance and reporting structures, and business processes. Externally, we established partnerships with industry leaders and governments, expanded our territory and delivered better solutions to our customers. INTRODUCING THE LEADERS OF YINSON GREENTECH’S BUSINESSES marinEV is a leading catalyst for driving positive transformation in the maritime industry's journey towards decarbonisation. Our commitment to innovation is demonstrated through the delivery of electric vessels. Leveraging our deep technical knowledge and vast experience in the maritime sector, our team is dedicated to promoting sustainability and creating significant environmental impact in this industry. Jan-Viggo Johansen Managing Director of marinEV drivEV is an influential force driving a transformative shift in the transportation industry by simplifying the transition to EVs for corporations and organisations. With our dedicated team, we are committed to facilitating a seamless switch to EVs with digitally value-added fleet solutions, creating enduring positive socio-economic and business impacts. Kelvin Soon Managing Director of drivEV chargEV is a leading EV chargepoint operator in Malaysia, helmed by experienced professionals dedicated to leading the country towards a more sustainable future. We aim to grow chargEV in Southeast Asia by creating business opportunities through vertical integration in the energy and utilities sector. Through the provision of accessible charging stations powered by cleaner energy sources, we can create positive social impact and contribute to a cleaner environment. Chua Seng Teong Managing Director of chargEV
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