V e r s a l i n k H o l d i n g s L i m i t e d

SUSTAINABILITY REPORT 2021

Creating A Safe & Healthy Workplace

Contents

About This Report

____________________________________________________________________ 3

ESG Performance Highlights

____________________________________________________________________ 5

Our Approach To Sustainability

____________________________________________________________________ 9

ESG Goals and Targets

____________________________________________________________________

11

Stakeholder Engagement

____________________________________________________________________

12

Vision, Mission and Core Values____________________________________________________________________

13

People

____________________________________________________________________ 14

Environment

____________________________________________________________________ 16

Economic Performance

____________________________________________________________________

19

GRI Content Index

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20

This sustainability report has been prepared by the Company and its contents have been reviewed by the Company's sponsor, ZICO Capital Pte. Ltd. (the "Sponsor"), in accordance with Rule 226(2)(b) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist (the "Catalist Rules").

This sustainability report has not been examined or approved by 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. Alice Ng, Director of Continuing Sponsorship, ZICO Capital Pte. Ltd. at 8 Robinson Road, #09-00 ASO Building, Singapore 048544, telephone (65) 6636 4201.

2 Creating A Safe & Healthy Workplace

About This Report

Reporting Framework

This report has been prepared in accordance with the Global Reporting Initiative (GRI) standards: Core option. This report complies with Rules 711A and 711B of the Catalist Rules, as well as Practice Note 7F of the Catalist Rules on Sustainability Reporting Guide.

Reporting Process

We have used the GRI Standards (GRI 101: Foundation and GRI 102: General Disclosures) to identify the material economic, environmental and social impacts for Versalink Holdings Limited (the "Company" or "Versalink" and together with its subsidiaries, the "Group") . Using the topic-specific GRI Standards, we have selected the most relevant disclosures for this report.

Report Content and Quality

This report covers the reporting period for a 12-month period from 1 March 2020 to 28 February 2021 ("FY2021"). We have determined the content of this report by applying GRI's principles of stakeholder inclusiveness, sustainability context, materiality, and completeness. The content of this report has been prepared using GRI's principles of accuracy, balance, clarity, comparability, reliability and timeliness to help stakeholders assess our sustainability performance.

The environmental, social and governance ("ESG") data provided in this report covers our offices and manufacturing facilities in Malaysia. The majority of data is collected from primary sources.

"We have relied on internal verification to ensure the accuracy of data"

Restatements

There is no restatement.

Assurance

We have not obtained external assurance for this sustainability report. We have relied on internal verification to ensure the accuracy of data.

Availability

This report, published independently from our Annual Report, is available in PDF form for download on SGXNet and our website at www.versalink.com.

Feedback

We welcome stakeholders' input on this report at sustainability@versalink.com.

Sustainability Report 2021

3

ESG Performance Highlights

4

Creating A Safe & Healthy Workplace

ESG Performance Summary

ESG Factors

FY2021

FY2020

FY2019

SOCIAL

Total Employees By Gender :

Male

246

267

276

Female

52

65

77

Total employees

298

332

353

Total Employees by Employment Contract and Gender :

Regular employees (Male)

232

267

276

Contract employees (Male)

14

0

0

Regular employees (Female)

51

65

77

Contract employees (Female)

1

0

0

Total Regular Employees by Employment Type and Gender :

Full time (Male)

246

267

276

Part time (Male)

0

0

0

Full time (Female)

52

65

77

Part time (Female)

0

0

0

Total Employees by Age Group :

< 30 years old

94

117

130

30 - 49 years old

187

201

209

> 50 years old

17

14

14

Gender Mix by Employee Category (% Female)

Operations, Support, Workers

238

253

259

Executive

32

50

62

Middle Management

25

25

28

Top Management

3

4

4

5

Sustainability Report 2021

5

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Disclaimer

Versalink Holdings Ltd. published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2021 07:41:04 UTC.