Ellipsiz : 2023 Sustainability Report

A N N U A L 2 0 2 3 R E P O R T

18	ELLIPSIZ LTD
	ANNUAL REPORT 2023

SUSTAINABILITY REPORT

BOARD STATEMENT

The Board of Directors (the "Board") of Ellipsiz Ltd ("Ellipsiz", the "Company" or together with its subsidiaries, the "Group") is pleased to present its Sustainability Report ("Report") for the financial year ended 30 June 2023 ("FY2023" or "Reporting Period"). For this Report, we provide insight into the way we do business, while highlighting our environmental, social, governance ("ESG") factors, economic performance and customer experience (collectively as "Sustainability Factors").

The Board is responsible for overseeing the business and corporate affairs of the Group, including sustainability matters. The Board believes that a responsible business approach is integral to our long-term success and have considered sustainability as part of our business strategy, determined the material Sustainability Factors and overseen the management and monitoring of our material Sustainability Factors. We are committed to adopting sustainable practices across our operations, empowering individuals, enriching communities, thereby creating a positive impact on the environment and society, so as to secure our long-term future.

As a business that strives towards growth and development, we remain vigilant against potential risks arising from emerging trends and new developments whilst looking out for business opportunities that they present. With increasing importance attached to sustainability and rising expectations amongst our key stakeholders, we aim to integrate our sustainability initiatives with our business strategy and constantly improve our sustainability performance to stay relevant and competitive.

A sustainability policy ("SR Policy") covering our sustainability strategies, reporting structure, materiality assessment and processes in identifying and monitoring material Sustainability Factors, is in place to guide us in our sustainability reporting. Under this SR Policy, we will continue to monitor, review and update our material Sustainability Factors from time to time, considering the feedback that we receive from our engagement with our stakeholders as well as organisational and external developments.

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SUSTAINABILITY REPORT

Our sustainability framework also communicates our commitment towards supporting the United Nations' Sustainable Development Goals ("SDGs"), also commonly known as the Global Goals. We work closely with stakeholders in our value chain and their inputs drive our sustainability focus on our material Sustainability Factors and the SDGs as follows:

Customer experience factor

Economic factor

Total customer satisfaction

Economic performance

Customers

Shareholders

Suppliers

Social factor

Environmental factor

Employee health,

Energy conservation

safety and wellness

and emissions reduction

Employees

Communities

Regulators

Shareholders

Employee retention

Responsible waste

and development

management

Employees

Communities

Regulators

Diversity and equal

Shareholders

OUR

opportunity

SUSTAINABILITY

Employees

FRAMEWORK

Corporate social

Governance factor

Robust corporate

responsibility

governance

Communities

framework

Regulators

Shareholders

A summary of our key sustainability performance in FY2023 is as follows:

Sustainability	Performance indicator	Sustainability performance
factor		FY2023	FY2022
Economic	Revenue	$59.1 million	$55.6 million
	Net profit after tax	$0.7 million	$3.2 million
Environmental	Total GHG emissions (tonnes CO2e)	72.3	67.5
	GHG emissions intensity (tonnes CO2e/	0.001	0.001
	revenue $'000)
	Number of reported incidents of	-	-
	significant fines or non-monetary
	sanctions for non-compliance with
	applicable environmental laws and/or
	regulations

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SUSTAINABILITY REPORT

ELLIPSIZ LTD

ANNUAL REPORT 2023

Sustainability		Performance indicator	Sustainability performance
factor					FY2023	FY2022
Social	Number of workplace fatalities	-	-
	Number	of	high	consequence1	-	-
	work-related injuries
	Number of recordable work-related	-	-
	injuries2
	Number of work-related ill health cases3	-	-
	Turnover rate			10.2%	19.5%
	Average training hours per employee	2.4 hours	3.5 hours
	Number of reported incidents of unlawful	-	-
	discrimination4 against employees
Governance	Number of incidents of corruption5	-	-

We thank our key stakeholders for their continuous support in our sustainability journey over the years. We will continue to actively and regularly engage them, build upon our existing sustainability framework, and seek to further inculcate good sustainable practices within our business to build a sustainable business for generations to come.

1. High consequence work-related injuries refer to injuries from which the worker cannot recover or cannot recover fully to pre-injury health status within 6 months.
2. Recordable work-related injuries refer to all work-related injuries that the Company is required to report to the Ministry of Manpower.
3. Work-relatedill health cases refer to negative impacts on health arising from exposure to hazards at work.
4. Unlawful discrimination refers to an incident whereby the relevant authority has commenced investigation and resulted in a penalty to the Company.
5. A corruption incident is defined as one that involves fraud or dishonesty and is being or has been committed against the Company by its officers or employees. Such an incident is punishable by imprisonment for a term of not less than 2 years and the value of the property obtained or likely to be obtained from the commission of the offence amounts not less than $100,000.

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ABOUT US

Our Core Business

Ellipsiz was founded as a leading provider of integrated solutions in the electronics industry. Over the years, it has become one of the leading engineering and service solutions providers, serving customers in the semiconductor industry across Asia. Our current core business is in providing distribution and services solutions ("DSS") which distributes a wide range of manufacturing, testing and inspection/measurement equipment and offers engineering and service-oriented solutions to customers in the semiconductor and telecommunication industries. The supply chain structure of the DSS business is as follows:

Our Suppliers	Our Operations	Our Customers
Suppliers of leading	Provision of solutions for	Customers in the
equipments and products	in-circuit and functional	semiconductor industry
	testing, distribution	across Asia
	and trading of scientific
	instruments and electronic
	equipment, and provision
	of engineering and
	service-oriented solutions

VISION	MISSION
We aim to be the best	To enable our customers
creator of value for our	and business partners
customers, business partners	to achieve their goals
and stakeholders in markets	optimally, we offer
that we participate in	innovative and
	integrated solutions