Link: https://links.sgx.com/1.0.0/corporate-announcements/6TC66G1YITJ14CHQ/d004e626f35fc7032eb48f7e844a01f76a1aef106d5993832ba0e5d8676fdc42

Summary:

• KSH Holdings’ subsidiary joins a joint venture with several companies and individuals to redevelop 680 Upper Thomson Road, Singapore.

• JV Company “Thomson Gem Pte. Ltd.” will have 1,000 shares; KSH will hold 25% (250 shares), with other partners receiving proportions ranging from 3% to 26.5%.

• The JV was awarded the collective purchase tender for the property, with redevelopment subject to completion, regulatory approval, and permit receipts.

• The JV structure serves to spread risk, leverage complementary expertise, and optimize long-term returns in the industrial real estate sector.

• No significant impact on KSH’s current financial year net tangible assets or earnings per share is expected.

• No KSH directors or substantial shareholders have personal interests in the JV beyond shareholdings in KSH.

• Shareholders will be updated on material developments as they arise; JV agreement available for inspection at KSH’s registered office.