Chasen : Sustainability Report for Financial Year Ended 31 March 2022

R.I.S.E. Up! To A

Sustainable Business Future

SUSTAINABILITY REPORT 2022

CONTENTS

1. Introduction

`	1.1	Board's Statement	3		3.3	Tracking our Performance	13
	1.2	Board of Directors	4		3.4	Stakeholder Engagement	14
	1.3	About this Report	6		3.5	Assessing Materiality	14
	1.4	About Chasen	7	4.	Sustainability Pillars
2.	Highlights
		4.1	Governance - Responsible Business	16
	2.1	ESG Highlights for FY2022	10		4.2	Social - Caring for our Community	18
					4.3	Corporate Social Responsibility	23
3.	Our ESG Approach			4.4	Environment - Caring for our Planet	23
	3.1	Governance Structure	11	5.	GRI Content Index	28
	3.2	Alignment with
		International Initiatives	11

OUR SHARED VALUES

Profit-Mindedness	Management Excellence
Recognizing and maximizing	Art in achieving all stakeholders
the effective use of resources	needs from outside-in to inside-out
as a whole	to achieve a competitive advantage

Teamwork

To work with utmost cooperation to overcome and complete tasks promptly

Integrity

Possessing strong moral values

and principles, honest and upright to differentiate between

right and wrong and being responsible and consistent

Respect

Positive feeling of esteem or

deference for a person or other business unit

Commitment

Responsibility of individual /

business unit to put in extra efforts in completion /

achievement of tasks

OUR VISION

To be a leading global integrated service provider with turnkey capabilities in supporting the development of manufacturing and service operation facilities.

OUR MISSION

To develop the capability and synergize the performance of our business units in achieving the corporate vision.

Cover picture depicts our three business segments rising in confidence from our resilience through the pandemic that has

given us the inspiration to think out of the box to simplify and execute complex and challenging tasks to a sustainable business future.

1 INTRODUCTION

1.1 BOARD'S STATEMENT

It has been two years since the emergence of COVID-19. As the world learns to live with the virus and is transitioning to an endemic state, Chasen as an organization has also taken steps to navigate through the uncertainties to the new normalcy. As we continue to care for our people and community, we have also accelerated our sustainability efforts, especially climate action. We are delighted about the progress we are making and want to take this opportunity to highlight some of our accomplishments.

Firstly, we started our journey of working towards carbon neutrality through accounting for Scope 1 and 2 emissions for the Chasen Group. This is a crucial first step as it builds awareness and now provides us with a baseline to improve upon in subsequent years. Since November 2021, we have transitioned towards using electricity that comes from 100% renewable energy at Chasen Logistics Singapore and will continue to do so henceforth.

We have also begun efforts to green our transport fleet. We now have 41 electric forklifts across our operations and had recently purchase an electric van to replace a diesel-run van. We are also replacing trucks with new models that use AdBlue to further reduce the release of harmful emissions into the atmosphere.

As a responsible business we also strongly believe in the provision of services that contributes to the global effort of reducing emissions. In FY2022, our T&E subsidiary installed solar panels on the roof tops of 180 HDB blocks and across eight commercial buildings, increasing Singapore's use of solar energy significantly. There are aims to further expand and install solar panels across three more commercial buildings.

The establishment of our carbon accounting baseline has allowed us to set goals across a range of time frames:

• In the near term, we aim to include Scope 3 emissions in our carbon inventory, thereby providing a comprehensive account of our carbon footprint. We will incorporate Climate Change in our Enterprise Risk Management framework to further understand how climate risks could affect our ability to create value for our stakeholders. We also aim to further our push towards electrification through the long-term lease of electric cars to replace several of the currently leased petrol cars.
• In the medium term, we aim to improve upon green building standards by installing solar panels on our properties in Singapore, Malaysia and the PRC as well as achieving Eco-Office certification across Singapore entities. To improve on sustainability reporting, we will continue to monitor our performance against our targets based on internationally recognized frameworks and guidelines.
• Our long-term goal is to achieve carbon neutrality in line with Singapore's mid-century target.

We are heartened to have taken bold steps in our efforts toward sustainability, and are excited for the road ahead. We are committed to continually improving and know that we cannot rest on our laurels. While we can reap the monetary benefits through the implementation of sustainable measures, it is more crucial for all of us to do our part in ensuring we leave behind a healthy planet for the next generation.

On Behalf of the Board

LOW WENG FATT

Managing Director & Chief Executive Officer

Chasen Holdings Limited Sustainability Report 2022

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1 INTRODUCTION

1.2 BOARD OF DIRECTORS

1	Low Weng Fatt (Justin)
	Managing Director and CEO

Mr Low Weng Fatt ("Justin"), the Managing Director and CEO of the Group, was appointed to the Board of Chasen Holdings Limited since 2007. He was instrumental in ensuring the success of the reverse acquisition of China Entertainment Sports Ltd, which led to the listing of the Chasen Group on SESDAQ (now known as Catalist) and transferred to the Mainboard in February 2013. As Managing Director and CEO, Justin is responsible for executing the Group's business strategy as deliberated and approved by the Board, providing leadership to ensure success of the Group's operations in the region, identifying new business opportunities as well as managing and supervising the daily operation of the Group.

Justin joined Chasen Logistics Services as a Project Manager in 1996 when it operated as a partnership. He played a pivotal role in steering the growth of Company since he became its Managing Director in 2001. With his extensive experience in the logistics industry, Justin has exploited its first mover advantage in meeting the growing specialist relocation needs of semi-conductor manufacturers and other businesses, which use sophisticated and expensive

machinery and equipment in their operations locally and in this region and in building up a good track record and reputation for the Group.

His ability to anticipate business trend and demand has enabled the Group to offer the right type of skills, equipment and value-add services to meet the total relocation needs of customers. The development of this comprehensive range of services to meet customers' relocation needs also enabled the Group to replicate its services capabilities overseas in particular the People's Republic of China (2004), Malaysia (2005), Vietnam (2009) and in the United States of America (2015).

Justin continues to play an instrumental role in charting the Group's business development, growth and expansion globally, including extending its core business higher up the supply chain to include cross-border land freight in the third- party logistics as well as technical and engineering services to complement its logistics capability. This competitive advantage enabled the Company to generate revenue well past $100 million in recent years.

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2 1 3

1. Low Weng Fatt (Justin) Managing Director and CEO

2. Chew Mun Yew Independent Director 3. Siah Boon Hock (Eddie) Executive Director

4. Chew Choy Seng (John) Independent Director 5. Lim Yew Si Independent Director

4	R.I.S.E. Up! To A Sustainable Business Future