Our Vision for a Future-Proof Digital World

Sustainability Report 2023


















This Sustainability Report has been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor"). This Sustainability Report has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX˜ST") and the SGX˜ST assumes no responsibility for the contents of this Sustainability Report including the correctness of any of the statements or opinions made or reports contained in this Sustainability Report.

The contact person for the Sponsor is Ms Charmian Lim (Tel: 6232 3210) at 1 Robinson Road, #2100, AIA Tower, Singapore 048542



We are pleased to present the Sustainability Report of TOTM Technologies Limited ("TOTM Technologies", or the "Company" and together with its subsidiaries, the "Group") for the financial year ended 31 May 2023 ("FY2023"). The Group's sustainability report summarises the expectations from various stakeholders, the general business environment that the Group is operating in and what the Group has done in order to ensure the sustainability of the Group over the years.

Reporting Scope and Framework

This report is prepared in compliance with the Rules 711A and 711B of the Listing Manual Section B: Rules of Catalist of the Singapore Exchange Securities Trading Limited ("SGXST") ("Catalist Rules") and is referenced to the guidance set out in SGXST's Sustainability Reporting Guide under Practice Note 7F of the Catalist Rules. It is also prepared with reference to the Global Reporting Initiative ("GRI") Standards 2021. We have chosen to report using the GRI Standards because it is an internationally recognised reporting framework that covers a comprehensive range of sustainability disclosures. It provides the Group with a flexible and future-proof reporting structure as the approach advocated by GRI ensures its processes and topics are always up-to-date and relevant.

This report highlights the key economic, environmental, social and governance ("EESG") related initiatives carried throughout the 12-month period, from 1 June 2022 to 31 May 2023. The sustainability report covers all entities within our organisation to fully understand our sustainability eorts.

The Group recognises that preparing climate-related disclosures aligned with the recommendations of the TCFD has been recommended by the Singapore Exchange in its Practice Note 7F. However, after consideration, the senior management team believes that the climate-related disclosure framework recommended by the TCFD is not relevant to the Group's operations at this time, as the Group is not materially exposed to climate-related risks or opportunities due to the nature of its business. The Group will continue to monitor any emerging climate-related risks or opportunities relating to its supply chain and operations regularly and will review and consider the disclosure requirements based on TCFD recommendations in its subsequent Sustainability Report.

Sustainability Governance

The Board of Directors (the "Board" or "Directors") oversees the management and monitoring of the material EESG factors aecting the Group and considers them in the determination of the Group's strategic direction and policies while the key


management team are responsible for the implementation of sustainability initiatives. In the purpose of carrying out sustainability management duties, the Board has attended a comprehensive sustainability training course recommended by SGXST. This training is aligned with our commitment to incorporating sustainable practices into our business operations.

Our senior management team, including our Executive Directors and Group Deputy Chief Financial Ocer, leads our sustainability eorts. They ensure that our business objectives align with our commitments to sustainable development. We maintain ongoing communication with the Board to inform them of our progress toward achieving our sustainability goals.

Sustainability is a part of the Group's wider strategy to create long-term value for all its stakeholders. As such, the key material EESG factors for the Group have been identified by management. An independent third party has not verified the data and information provided. We have relied on internal data monitoring and verification to ensure the accuracy of the data and information provided.

We have subjected our sustainability reporting process to an internal review, pursuant to Rule 711B (3) of the Catalist Rules. The internal review has been conducted in accordance with the International Standards for the Professional Practice of Internal Auditing issued by The Institute of Internal Auditors. Where required and as the Group's sustainability reporting matures, the Group will consider seeking external independent assurance for its sustainability report.

We welcome feedback from our stakeholders concerning our sustainability eorts, enabling us to improve our policies, systems, and results consistently. Please send your comments and suggestions to ir@totmtechnologies.com.

On behalf of the Board of Directors,

Prunier Pierre Olivier Marc Yves

Chief Executive Ocer and Executive Director

26 September 2023



TOTM Technologies Limited provides end-to-end identity management and biometrics products, powering Digital Identity and Digital Onboarding Solutions. The Group's multi-modal range of technologies includes internally developed technologies as well as technology licensed from strategic partners such as National Institute of Standards and Technology ("NIST")-rated core biometrics matching software that is proven in ultra large-scale identity deployments. The Group's in-house expertise comprises innovators, disruptors and technologists providing the full technology suite in biometrics such as multi-modal technologies (face, finger, iris), eKYC, real-time liveness detection, age classification and patented cryptograph that stores data encrypted with biometrics.

Leveraging on its strong execution experience and the robust technology platforms from its own subsidiaries and strategic technology partners, the Group's Digital Identity and Biometrics Business Unit currently serves mainly ministries and government agencies. The Company's solutions have processed over 370 million IDs worldwide, facilitating some of the world's largest national ID programs and immigration proceedings. The Group has a presence across North America, Europe, Asia-Pacific and Latin America.

In September 2022, Incode Technologies ("Incode"), a next-generation identity verification platform, has formed a valuable partnership with TOTM Technologies as its reseller. This collaboration aims to introduce Incode Omni, one of the world's most powerful identity solutions, to the Indonesian market as part of Incode's Asia Pacific expansion. By joining forces with TOTM Technologies, Incode is further strengthening its presence in the region and oering innovative identity solutions to meet the growing demand.

Additionally, the Company's ongoing partnership with Presight.AI Ltd, a G42 company, to drive digital transformation and deploy their combined proprietary technologies allows the Company to deliver exceptional biometric and AI capabilities, as well as high-performance solutions, to partners and clients across the Middle East, North Africa ("MENA"), and Southeast Asia. By expanding its global footprint in the digital identity space, the Company aims to continuously enhance its presence and contribute to the advancement of the industry. The Group is constantly looking to expand its coverage to more commercial sectors such as medical insurance, healthcare, banking electronic payments, transport, and telecommunications-related applications.

The Company was listed in August 2015 on the Catalist Board of the SGXST. In December 2021, TOTM Technologies was included in the MSCI Singapore Micro Cap Index, designed to measure the performance of the micro-cap segment of the Singapore market.



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Totm Technologies Ltd. published this content on 27 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 September 2023 04:01:05 UTC.