Chasen : Sustainability Report 2023

Shaping a sustainable tomorrow

Sustainability Report 2023

CONTENTS

1. BOARD STATEMENT
2. About the company
3. about this report

1. Report Framework

1. Reporting Period and Scope

1. Report Contact and Feedback

04 ESG Highlight for FY2023

1. Alignment with International Initiatives (SDG)
2. Our Sustainability Approach

1. Governance Structure
2. Stakeholder Engagement
3. Materiality Assessment

1. Materiality Matrix

1. Sustainability Pillars

1. Economic Contribution to Society
2. Governance - Responsible Business
3. Environment - Caring for our Planet

1. Social - Caring for our Community

23 TCFD Table

1. Annex I - Scope 3 Emissions Breakdown
2. Annex II- GRI Content Index

28 Annex III - TCFD Content Index

Board

Statement

Lim Yew Si	Siah Boon	Low Weng	Chew Mun Yew	Chew Choy
Lead Independent	Hock (Eddie)	Fatt (Justin)	Independent	Seng (John)
Director	Executive Director	Managing Director and CEO	Director	Independent Director

The past year has presented us with significant uncertainty on many fronts. As an organization, we have taken steps to navigate these uncertainties and emerge into a new normalcy. We have continued to care for our people and community, and we have also accelerated our sustainability efforts, especially climate actions. I am delighted with the progress we are making, and I would like to take this opportunity to highlight some of our accomplishments.

Chasen is committed to sustainability and has made significant efforts to improve its environmental performance in line with international initiatives and Singapore Green Plan 2030. In 2023, we have expanded the organizational carbon footprint assessment to include Scope 3 emissions, which is an important step towards reducing our environmental impact. As an integrated logistics company, we are particularly focused on managing our energy and diesel consumption. We have expanded our fleet of electric vehicles with the new purchase of an electric car. We have also been practicing recycling and reusing materials in our operations throughout our Group.

As Chasen is committed to a greener future, we hope to include more subsidiaries in energy-wise development. We now have four subsidiaries in Singapore that utilize renewable energy. Other overseas subsidiaries are also encouraged to install solar panels on the warehouse rooftops. Over the next two to three years, we hope to achieve at least 50% of our subsidiaries using renewable energy, promulgate green management practices by

cascading green polices for the subsidiaries to adopt and practice, and educating our drivers on better driving habits to conserve diesel usage thus contributing to less pollutive actions.

Chasen also pays attention to social responsibilities. Our open and fair employment policy ensures that our employees are from diverse backgrounds. We engage our workforce and care for our people in various ways as we understand the importance of human capital to our organization's sustainable value creation. Our continued efforts have been rewarded with a steady pool of dedicated and experienced experts in the logistics field, as well as a consistently low turnover rate.

Our commitment to sustainability has given us a competitive edge in the market. We are well-positioned to respond to the market demand for sustainable products and services because of our proactive stance on sustainability. We believe that collaboration with and influence over our business partners along the value chain is essential to achieving our sustainability goals. We are committed to doing so in our efforts to help shape a sustainable tomorrow.

On behalf of the board

LOW WENG FATT

Managing Director & Chief Executive Officer

Sustainability REPORT 2023

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About

The company

Chasen Holdings Limited (the "Company" and together with its subsidiaries, the "Group", or "Chasen") is an investment holding company. Its Group businesses now extend further up the supply chain to include third party logistics, technical and engineering services in Singapore, Malaysia, Thailand, Vietnam, the People's Republic of China, and USA. The Group's diversified revenue sources cover industries such as wafer fabrication, TFT display panel production, semiconductor, chip testing and assembly, solar panel installation, consumer electronics, telecommunications, marine, ordnance and construction sectors in the following business segments:

Specialist Relocation

Providing specialist manpower equipped with specialized material handling tools, equipment and vehicles to relocate the machinery and equipment of our customers within their premises, from one location to another location within a country, or from one country to another. The Chasen Group acts as a strategic partner to its customers in the management of their global relocation needs through projects or maintenance contracts. The Group is equipped to handle very sensitive machinery and equipment in cleanroom and "raised floor" environment.

Third Party Logistics

Including packing, packaging, trucking, distribution, freight forwarding, non-bonded and bonded warehousing (with in-house Customs clearance), cargo management and last mile services. We pack machinery and equipment to Original Equipment Manufacturer ("OEM") specifications utilizing specialized packaging material before they are transported to their new locations. Our seamless cross- border trucking services are capable of delivering goods from Singapore through Peninsular Malaysia into Thailand, Myanmar and across Indo-China, Vietnam and into the People's Republic of China. Most of our warehouses are air- conditioned and humidity-controlled, with floor load built for heavy equipment/machinery or racked for palletized goods storage.

Technical & Engineering

Covering design, fabrication and installation of steel structures, mechanical and electrical installations including hook-up for production facilities, parts refurbishment, engineering and spares support, facilities management and maintenance, contract manufacturing, process engineering services, 4G & 5G telecommunications, ordnance, solar panel installation, scaffolding equipment and services and construction activities.

The Group's diversified revenue base and longstanding customer relationship provide a strong fundamental that would enable the Group to weather business cycles in specific industry. Its business model and growth strategy have positioned the Group to benefit from growth opportunities in the region and to increase the proportion of recurring income in Group revenue.

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.

Company Shared Values

Profit-Mindedness

Recognizing and maximizing the effective use of resources as a whole.

Management Excellence

Art in achieving all stakeholders' needs from outside- in to inside-out to achieve a competitive advantage.

Teamwork

To work with utmost co-operation 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 person or business unit to put in extra efforts in completion of common goals.

2 Chasen Holdings Limited

At Chasen, sustainability is of high importance to our business. Our annual publication focuses on the Group's sustainability strategies and practices while highlighting our activities and developments in economic, environmental, social, and governance aspects. It outlines our approach, priorities, performance review, highlights and targets on our crucial sustainability areas.

This Sustainability Report comprises the performance of our consolidated entities for the period of 1 April 2022 to 31 March 2023 ("FY2023"). The material issues and topics outlined have been kept same as the previous year in alignment with the decisions of the board. The scope of all material issues disclosed in this report concerns the operations at the Group level and focus on what our group has achieved and aim to achieve in the future. Likewise, our corporate governance and sustainability approaches are described from the policies and practices set at the Group level.

Report Framework

This Report has been prepared with reference to the GRI Standards 2021 and published pursuant to 711A and 711B of Singapore Exchange ("SGX") Listing Rules. We have chosen to report using the GRI Standards as it is an internationally recognized reporting framework. We have also included Task Force on Climate-related Financial Disclosures (TCFD) recommendations to further address our sustainability effort. The GRI and TCFD content indices can be found in Annexes II & III.

As part of our continual efforts to align our sustainability reporting with relevant market standards, we have mapped our sustainability efforts to the 2030 Agenda for Sustainable Development which was adopted by all United Nations Member States in 2015 ("UN Sustainability Agenda"). We have incorporated the SDG, where appropriate, as a supporting framework to shape and guide our sustainability strategy.

While we have not sought external assurance for this sustainability report, we have relied on internal data monitoring and verification to ensure accuracy. The reporting process has gone through an internal review by our internal auditors, which ensures that the Group's sustainability reporting adheres to the International Standards for the Professional Practice of Internal Auditing issued by The Institute of Internal Auditors. We will work towards external assurance for our future sustainability reports.

About

This report

Reporting Period and Scope

This Sustainability Report comprises the performance of our consolidated entities for the period of 1 April 2022 to 31 March 2023 ("FY2023").

This report covers the following entities (19 in total):

Singapore:

• CHL - Chasen Holdings Limited
• CLSG - Chasen Logistics Services Limited
• DNKH - DNKH Logistics Pte Ltd
• LLS - Liten Logistics Services Pte Ltd
• GTS - Global Technology Synergy Pte Ltd
• GKH - Goh Kwang Heng Pte Ltd
• GKF - Goh Kwang Heng Scaffolding Pte Ltd
• HLE - Hup Lian Engineering Pte Ltd
• TGE - Team Glass Engineering Pte Ltd
• PMX-SG- REI Promax Technologies Pte Ltd

Malaysia:

• CLSB - Chasen Logistics Sdn Bhd
• CZE - City Zone Express Sdn Bhd

Thailand:

• CZET - City Zone Express Co., Ltd
• CZEW - City Zone Express Worldwide Co., Ltd

China:

• HTS - Chasen (Shanghai) Hi-Tech Machinery Services Pte Ltd
• HTC - Chasen (Chuzhou) Hi-Tech Machinery Services Pte Ltd
• PMX-SZ- Suzhou Promax Communication Technology Co., Ltd

Vietnam:

• CTL - Chasen Transport Logistics Co., Ltd (Vietnam)

USA:

• Chasen USA - Chasen (USA), Inc

Report Contact and Feedback

At Chasen, we value your feedback on the contents of this report and encourage you to contact us through the following channel:

CHASEN HOLDINGS LIMITED

18 Jalan Besut

Singapore 619571

Email: [e-mail]

Sustainability REPORT 2023

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