Link: https://links.sgx.com/1.0.0/corporate-announcements/9UFVQ1KBU7ZCYH0X/002d0791fee803e0044852feadf4b226f9f9e6d796cc3695fd8810f54fcf5afb

Summary:

• The sale of 6 Tuas South Street 11, Tiong Seng @ Tuas South, Singapore 637094, was completed on 17 September 2025 for S$10.5 million.

• The property, held by subsidiary Tiong Seng Contractors, was sold to an unrelated third party under an option exercised in June 2025.

• The transaction was classified as a “major transaction” under SGX Listing Manual rules, with shareholder approval previously obtained and renewed at multiple AGMs.

• 90% of the sale consideration (S$9.45 million) was received at completion.

• Announcement made by Executive Director and CEO Pek Lian Guan on 17 September 2025.