Bentara Company Profile

Bentara, Ind. Energy Security for Sustaiinable Future 13A-11 Menara Avenue Crest Shah Alam,Selangor MALAYSIA WWW.BENTARAINDUSTRIES.COM

ENERGY SECURITY FOR SUSTAINABLE FUTURE Independent. Experienced. Committed

COMPANY PROFILE 01 Introduction Our objective Who we are Is simply consistent and high quality and specialised service BENTARA INDUSTRIES SDN. BHD. delivered on global basis in each is privately-owned, engaged in the region where oil and gas business of energy trading and companies operate. The service global market coverage through its that we provide begins with our network of affiliates and agencies in clients perspective. We look at South East Asia. industry challenges from multiple angles, pooling our knowledge, and Formed by a team of bankers, oil resources to develop holistic services that fit our firms’ clients’ industry, and have fifteen years of ever-changing challenges and requirements. experience as a gas expert and trader. Years of combined experience in international trade related to oil products commodities. By utilising our long- standing working relationship around the globe, we are proudly able to generate consistent and uncorrelated returns for our investors and shareholders. This means more than just having a strong client base. Our company already provides services to numerous global majors, independents, refining and service companies and the national oil companies across many regions. Bentara Industries Sdn. Bhd. Malaysia-based integrated oil and gas seeking to be included in the energy and maritime sectors, primarily operating from Shah Alam, Malaysia, but with plans to establish subsidiaries located throughout the world.

COMPANY PROFILE 04 Nature of Business Vessel Operations Oil Trading Bentara Industries Sdn. Bhd. provides We offer our customers long-term energy flexible and cost-effective maritime solutions and strategic economic vessel operations, with a permanent opportunities through its growing trading nationwide port footprint and a network. We created full trading and risk qualified maritime workforce that can management capabilities since its operate in all maritime conditions. inception. Our highly experienced team, We provide comprehensive, supported by first-class international responsive and expert in service. financial institutions and robust systems support for maritime assets, provides us with the capability to both delivering efficient vessel operations, bring our clients' products to market, and optimal performance and necessary fulfil the supply needs of our customers. We are an independent trading company. sea days

COMPANY PROFILE 05 Creats Values through Business Chain

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COMPANY PROFILE 08 CREATES VALUE THROUGH BUSINESS CHAIN Independent. Experienced. Committed

COMPANY PROFILE 09 Sustainable Development BENTARA INDUSTRIES operates its business in Abiding by business ethics includes transparent, fair, and alignment with a sustainability traceable operations, strict adherence to laws and strategy by maintaining a regulations, due attention to environmental management and balance between being a High improvement of the quality of life of society and communities Performance Organisation (CSR), while taking into account the equity of stakeholders' (HPO) and a commitment to the benefits. continuous improvement of technology, innovation, and knowledge. The strategy concerns management, work processes, production, product distribution, and Good Corporate Governance (CG).

COMPANY PROFILE 10 Corporate Governance Leads to Sustainability Bentara Industries is committed to its business ideal of social, community, and environmental responsibility through fair treatment of all stakeholders under a code of business ethics marked by transparency. accountability, and willingness to disclose information about all stages of its operation. Whatever socio- economic conditions may prevail, Bentara Industries Corporate Governance Policy remains an integral part of our business policies, of which notions and procedures are cascaded to companies within Bentara Industries. For in our noble missions as the nation's energy stewards, we must execute our duties strictly for the benefits of society and the country at large. We are convinced that our corporate governance policy ensures society with confidence in fair and transparent organisational operations, this has driven the organisation towards competitiveness in the short and long terms. In addition, the corporate governance principles foster confidence among investors, financial institutions, and business allies in common business dealings, thus adding to sustainable value for shareholders and balanced interests among all stakeholders, society, and the environment. Bentara Industries Pillars for Business Operation and Corporate Governance Accountability Responsibility Responsibility for one's own Being accountable for own decisions and Being responsible, actions with an ability to clarify/ explain the rationale performing duties to fullest Transparency capacity Having transparent systems in operations that can be examined and Equitable Treatment disclosing clear information to all Being fair to all stakeholders stakeholders and able to provide clear and accurate Ethics information Having business ethics/ morality Vision to Create Long Term Value Optimising shareholders' long-term value

COMPANY PROFILE 11 Code of Business Conduct Bentara Industries has established a policy on good corporate governance regarding integrity and ethics as a Code of Conduct, written in the Corporate Governance, Ethical Standards and Code of Business Ethics Handbook (CG Handbook.) The handbook of principles was developed and distributed to the Board of Directors, managements and employees for acknowledgement and adoption as working discipline. The essential aspects of the code are as follows: Respect the laws and the Universal Support employees right and create organisational commitment Declaration of Human Rights Abide by the code of conduct regarding creditor treatment principles Respond to the customers' needs and show Stay politically neutral Have efficient internal control and internal audit system Stay free of vested interests and Have a guideline for accepting and giving gifts, assets, or other conflicts of treatment interest benefits Maintain safety, promote hygiene, Maintain confidentiality and refrain and preserve the environment Respect intellectual property and from using internal information for properly apply information technology personal benefits responsibility towards consumers Compete freely and fairly Use a transparent procurement system and treat business partners fairly Show responsibility towards community and society Furthermore, with the commitment to honest, transparent, and fair business operations, Bentara Industries does not accept corruption in all forms, both direct and indirect approaches. Therefore, Bentara Industries has announced the Anti-Corruption Policy of Bentara Industries, which states that every personnel of Bentara Industries must comply strictly with the anti-corruption policy. Also, Bentara Industries has already been certified for the status of Private Sector Collective Action Coalition Against Corruption (CAC)

COMPANY PROFILE 12 The Management Teams Tan Sri Abdul Rashid Bin Abdul Manaf Chairman A. Hafiz Mohamad Asyraf Farhan Mohd Haniff Adnan Chief Operating Officer Chief Trading Officer Chief Finance Officer Maxat Zhumashev Ekaterina Tian Sanat Suleimanov Head of Department Head of Department Head of Department International Trade International Development Public Relations Captain Norzali M Zain Muhammad K. Hamzah Lt Cdr Zulfakar Md Zain (Rtd) Head of Department Head of Department Head of Department Health, Operation & Logistic Safety, Security& Enviroment Commercial Technical (DHSSE)

COMPANY PROFILE 13 TAN SRI ABDUL RASHID BIN ABDUL MANAF Independent and Non-Executive Director CHAIRMAN Tan Sri Abdul Rashid Bin Abdul He left the Government service in 1977 to pursue his Manaf, was appointed to the career as a practicing lawyer and subsequently in Board of Bentara Industries as business. He became one of the principal legal the Chairman on December advisers to the Renong Conglomerate with 2022. Tan Sri Abdul Rashid read involvement in various Federal Government law at Middle Temple, London, transactions, on and off-shore, and in various England and returned to infrastructure projects throughout the country. He Malaysia in 1970 as a Barrister- was also a Commissioner for Oaths and Notary at-law. Public for many years. Tan Sri Abdul Rashid started his Tan Sri Abdul Rashid has served in several key career in 1970 in the Malaysian positions in Malaysian listed corporations such as Judicial and Legal Service and Chairman of S P Setia Berhad, Loh & Loh Corporation served as Magistrate, President, Berhad, SMIS Corporation Berhad and was also a Sessions Court and Senior former Director of Stamford College Berhad. Upon Federal Counsel to the Income completion of his Chairmanship term with S P Setia Tax Department. Berhad, Tan Sri Abdul Rashid set up Eco World Development Group Berhad, a public company listed on the main market of Bursa Malaysia Berhad, which is principally involved in property development. He is also the Chairman, Independent Non-Executive Director of Salcon Bhd. He does not have any family relationship with any director and/or major shareholder and has no conflict of interest with the Company. He has no conviction for any offence within the past 5 years nor any public sanction or penalty imposed by the relevant regulatory bodies during the financial year

COMPANY PROFILE 14 A. Hafiz Mohamad Asyraf Farhan Chief Operating Officer Chief Trading Officer Possess over 5 years of progressive Born in April 1991, living in between experience in end to end supply two different generations create a chain management, especially creativity in a mind that sells procurement and transportation. thousands of ideas along his career Skilled negotiator with demonstrated path. He got his high school ability to achieve cost reduction. education. SMK Abdul Rahman Talib (SMART) and further his studies at Demonstrates proven success in Salford. University of Business leading a cross functional team to Research and Development His streamline the sourcing process and Master in Business Administration manage multiple projects which (MBA) at Salford University, delivered on time and within budget. Manchester. Possess exceptional communication He immersed himself successfully in and decision making skills, making municipal industry and create his A the most out of any situation good reputation at a young age is encountered. Background and advantageous. He predicted the loop experience working with some of the of opportunities in our societies. He biggest companies in their respective actively involved in manufacturing industries. Our nation's first-line defence vehicle and equipment by holding the authorised dealer for well-known international manufacturer from Germany, Poland, and Turkey

COMPANY PROFILE 19 Market Analysis Suppliers The Middle East has approximately one-sixth of the world's known conventional oil reserves and natural gas. Middle East's current position in the petrochemical sector is already strong. Over the last 5 years a yearly growth rate of 20% was achieved. The region has contiguous petrochemical production complex, produces 7% of the global petrochemical output. In addition, 17% of the worldwide petrochemical exports stem from the region. The export volume of petrochemical products should be above 100 million tons until 2030. We have a strong business relationship with Saudi Arabia which we will looks into. As of 2020, over 10 million barrels of crude oil were produced in Saudi Arabia of which 3 million barrels were consumed, on a daily basis. This crude oil is further refined to produce products such as diesel, fuel oil, gasoline, LPG, kerosene etc. by refineries like Saudi Aramco Customers China became a net importer of oil, and its imports will continue to grow in the decade to come. These imports, whatever the final volumes may be, will The global energy trajectory is heavily influenced. trade, and financial Flows are expected to increase in the near future, with significant security and foreign policy implications. implications. Petrochemical products and oil will be the only possible primary solutions that will be able to satisfy the soaring demand for Chinese Transportation and industry are the two most rapidly growing sectors of energy demand for all developing economies. Target Market Target Market We are estimating the future Chinese oil supply and demand in relative consonance. These estimates are based on an average economic growth rate of 7 percent and exclude extreme scenarios in economic policy and performance. In the coming decade, the growth rate of the gap between China's demand and domestic supply will continue to increase. Chinese dependence on oil imports could grow to 30–55% of its total consumption in 2030. China would require substantial oil imports. The evolving \"oil pinch\" has made many Chinese experts admit that increased reliance on oil imports is \"unavoidable.\" We would say that our target market is 80% in China and another 20% in South Korea.

COMPANY PROFILE 20 Business Foot Print in Southeast Asia The Transport Industry is Fuelling The Region's Demand for Oil Car sales in Malaysia, Indonesia, Thailand, Philippines, Vietnam and Singapore increased 5% to 3.36 million units sold in 2020 The population of Malaysia Indonesia, Philippines, and Thailand rank in the top 10 countries globally for intention to acquire a car within the next two years Railway projects around the region are also expected to rise the DEMAND FOR OIL