Link: https://links.sgx.com/1.0.0/corporate-announcements/M3RU9ALIK1POM632/ec6e91f41b28dd568271f1bbdb8ef46b91b4f600b614a4de2937db4dbcd30c41

Summary:

• Vallianz Holdings entered a joint venture with Chengrui Technology Singapore to pioneer battery electric systems and smart charging infrastructure for maritime applications.

• The JV incorporates VC Power Pte Ltd in Singapore, with Vallianz holding 51% and Chengrui 49% equity.

• Initiative aligns with global energy transition and maritime decarbonisation, leveraging Vallianz’s engineering and CTSPL’s electrification tech.

• Vallianz Investment Capital funds its VCPPL stake using internal resources; initial paid-up capital is US$10,000.

• CEO Ling Yong Wah emphasized the JV’s role in accelerating vessel electrification and sustainable port operations in key global markets.

• Incorporation of VCPPL is not expected to have material impact on net tangible assets or earnings for FY2025.