Boustead Plantations Berhad | Integrated Report 2023

Research and Development • Continuously improved and innovated in tissue culture techniques, media formulations, and plant varieties to enhance productivity and product quality • Improved selection protocol for starting materials with desirable traits for both banana and MD2 pineapple • Optimised the banana tissue culture protocol, accelerating the commercialisation phase • Modified tissue culture media formulations for banana, effectively mitigating the issue of phenolic oxidation in certain banana varieties • Demonstrated positive outcomes in the multiplication stage of MD2 pineapple cultivation through the application of the Temporary Immersion System Bioreactor Partnership and Collaborations • Collaborated with research institutions, government agencies, and other stakeholders to access new technologies, markets, and funding sources • Appointed as Usahawan Pengeluar Benih Berkualiti for the Business Development Project funded by the Centre for Business and Technology Commercialisation, Malaysian Agricultural Research and Development Institute (MARDI) • Engaged with MARDI’s Centre for Biotechnology and Nanotechnology Research for development consultations on MD2 pineapple tissue culture planting material production Employee Development • Invested in training and development programmes to enhance the skills and capabilities of employees involved in tissue culture planting material production • Bolstered employee expertise through an 18-month technical training programme with MARDI, focusing on MD2 pineapple tissue culture planting material production BLSR Strategic Priorities Key Initiatives Achievements Integrated Report 2023 067

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