About Us

History

Ever Glory United Holdings Limited

Ever Glory United Holdings Limited (the “Company”, and together with its subsidiaries, the “Group”) was incorporated in Singapore on 23 December 2021, under the name of Ever Glory United Holdings Pte. Ltd. On 25 April 2023, the Company was converted into a public company and was renamed “Ever Glory United Holdings Limited’’.

The Group was listed on the Catalist of the Singapore Exchange Securities Trading Limited (“SGX-ST”) on 18 May 2023 (the “Listing”)

Our business commenced when Sunbeam M&E Pte. Ltd. (“Sunbeam” or “SBME”) was incorporated on 14 May 2018 and was initially held by Mr. Xu Ruibing and Mr. Sun Renwang. We have been in operation in the mechanical and electrical (“M&E”) engineering industry in Singapore since our inception.

AWARDS AND ACCREDITATION

Over the years, in recognition of our quality management and work safety, we have received a number of accreditations and awards. We were accredited with ISO 9001:2015 (Quality Management System), ISO 45001:2018 (Occupational Health and Safety Management System) and bizSAFE Star for workplace safety and health.

To provide a one-stop engineering solution for full M&E engineering services in building and construction market with excellent quality, cost effectiveness and total customer satisfaction.

To enhance shareholders’ value by expanding into the property, building and construction and engineering markets.

Moving forward, the Group will continue to explore new business opportunities by acquiring new businesses or investing in property development projects to enhance shareholders’ return.

BUSINESS OUTLOOK

Empowering Business Excellence, One Decision at a Time

Singapore’s economy posted a robust performance in the first half of 2025, with the Singapore’s Ministry of Trade and Industry (“MTI”) on 14 July 2025 reporting a 4.3% year-on year growth in the second quarter, following 4.1% growth in the first quarter. On a quarter-on-quarter seasonally adjusted basis, GDP expanded by 1.4% reversing the 0.5% contraction in the previous quarter. Growth was broad-based, with significant contributions from manufacturing, construction, and modern services sectors.

The construction sector in particular continued to perform steadily, growing by 4.9% year-on-year in the second quarter of 2025. According to the BCA on 23 January 2025, Singapore’s total construction demand for the year is projected to the range between S$47 billion and S$53 billion, up from S$44.2 billion in 2024. The increase is driven by major infrastructure and development projects, including Changi Airport Terminal 5, Marina Bay Sands integrated resort expansion, MRT expansions such as the Cross Island Line Phase 3 and Downtown Line extension to Sungei Kadut.

Looking ahead, BCA expects construction demand to average between S$39 billion and S$46 billion annually from 2026 to 2029, supported by sustained public sector investment and industrial infrastructure development.

The Group remains cautiously optimistic amid a resilient construction landscape. The anticipated increase in construction demand presents potential growth opportunities for the Group’s M&E engineering services segment. However, inflationary cost pressures particularly in materials manpower continue to pose challenges to margins and project execution. The Group remains focused on tight cost management and strategic tendering to maintain an order book.

On 1 July 2025, the Company has completed the acquisition of GE, which has established itself as a respected pillar in the M&E engineering space in Singapore since 1951, having been involved in various prestigious and iconic landmark projects such as Marina Bay Sands, Jewel Changi Airport, Thomson-East Coast Mass Rapid Transit Line, the Star Vista, Sky Habitat and Funan CapitaLand Mall. Following the completion of the acquisition, GE has become a wholly-owned subsidiary of the Company, and the financial results of which will be consolidated to the Group’s financial results with effect from 1 July 2025. The acquisition is expected to generate both operational and commercial synergies, including improved project management efficiency and enhanced tendering capabilities. By leveraging GE’s established brand reputation, licenses and project track records, the Group will significantly strengthen its presence in the M&E engineering market. The integration of GE with the Group’s existing business operations is expected to enhance the Group’s competitiveness in bidding for large scale projects, improve visibility of project pipeline and support the Group’s growth in both private and public sector engineering works.

In relation to the Group’s property development activities, it is currently involved in two (2) joint property development projects, a 20-unit freehold residential development in District 14 (Geylang), scheduled for Temporary Occupation Permit (TOP) in end-2028 and a 69-unit food factory development at 2C Mandai Estate, targeted for TOP in end-2027. These projects are progressing in line with expectations and are expected to contribute positively to future earnings. In addition, the Group will continue to explore new property development opportunities and consider potential acquisitions or investments that can strengthen its portfolio and enhance long-term shareholder returns.

GROUP STRUCTURE

MR. SUN RENWANG

Non-Independent,
Non-Executive Chairman

Mr. Sun Renwang, is our Non-Independent Non-Executive Chairman and was appointed to our Board on 23 December 2021.

MR. XU RUIBING

Executive Director,
CEO

Mr. Xu Ruibing is our Executive Director and CEO and was appointed to our Board on 23 December 2021.

MR. CHUA SIONG KIAT

Lead Independent,
Non-Executive Director

Mr. Chua Siong Kiat is our Lead Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Chua chairs the Audit Committee and is a member of the Remuneration Committee and the Nominating Committee.

MR. KONG CHEE KEONG

Independent,
Non-Executive Director

Mr. Kong Chee Keong is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Kong Chee Keong currently chairs the Remuneration Committee and is a member of the Audit Committee and Nominating Committee.

MR. GOH SIONG PHECK FRANCIS

Independent,
Non-Executive Director

Mr. Goh Siong Pheck Francis is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Goh currently chairs the Nominating Committee and is a member of the Audit Committee and Remuneration Committee.

MS. NG CHOU YUAN

Group Financial Controller

Ms. Ng Chou Yuan is the Financial Controller of our Group and is responsible for the finance and accounting matters of our Group. She joined SBME as an assistant Account Manager in September 2018 and was subsequently promoted to Financial Controller in 2022. Ms. Ng is currently a non-executive director of Primest Land V1 Pte. Ltd.

MS. LEI LEI

General Manager of SBME

Ms. Lei Lei is the General Manger of SBME and is responsible for the day-to-day operations of SBME. She joined SBME as a general manager in October 2018. She oversees various projects and ensures the smooth operation and completion of the projects.

MR. SU YAN PEI

Deputy General Manager
Head of ACMV Department of SBME

Mr. Su Yan Pei is the Deputy General Manager and Head of ACMV department of SBME and is responsible for the management and operation of projects in respect of ACMV works undertaken by SBME. He joined SBME as deputy general manager and head of ACMV department in May 2023.

MR. SU CHANG

Deputy General Manager,
Project Director of SBME

Mr. Su Chang is the Deputy General Manager and Project Director of SBME and is responsible for the management and operation of certain projects undertaken by SBME. He joined SBME as a project director in April 2020 and was subsequently promoted to Deputy General Manager and Project Director in 2023.

MR. YANG WENBO

Head of Department (PSG and Fire Protection) of SBME

Mr. Yang Wenbo is the Head of Department (PSG and Fire Protection) of SBME and is responsible for managing projects in respect of PSG and FP works undertaken by SBME. He joined SBME in July 2019 as a senior project manager and was subsequently promoted to the Head of Department (PSG and Fire Protection) in 2022.

MS. HAU CHIU SI

Procurement Manager of SBME

Ms. Hau Chiu Si is the Procurement Manager of SBME and is in charge of the procurement department. She joined SBME as the Procurement Manager in July 2018.

MR. CHEE TEOW SIONG

Business Development Director of FG

Mr. Chee Teow Siong is the Business Development Director of FG and is responsible for business development, maintaining current business relationships with clients and consultants and identifying and building new business opportunities and partnerships of FG.

MR. LIM TECK SENG

General Manager of FG

Mr. Lim Teck Seng is the General Manager of FG and is responsible for overseeing the tendering department and project management of FG.

MS. CHEE YEN MING

Deputy General Manager of FG

Ms Chee Yen Ming is the Deputy General Manager of FG and is responsible for overseeing daily operations of FG including admin, accounts, procurement and human resources department.

Board of Directors: MR. SUN RENWANG

Non-Independent,
Non-Executive Chairman

Mr. Sun Renwang, is our Non-Independent Non-Executive Chairman and was appointed to our Board on 23 December 2021.

MR. SUN RENWANG

Non-Independent,
Non-Executive Chairman

Mr. Sun Renwang, is our Non-Independent Non-Executive Chairman and was appointed to our Board on 23 December 2021.

In 2018, Mr. Sun co-founded the Group with Mr. Xu. He has almost 30 years of experience in the construction industry.

Since 2000, Mr. Sun has founded various building construction companies such as Chan Rong Fen Building Construction Pte. Ltd. in 2000, Century Building Construction Pte. Ltd. in 2013, and SG United Construction Pte Ltd in 2018. He also ventured into property development and property investments with the incorporation of RWSun Pte. Ltd. in 2012, CPF Land Pte. Ltd. in 2018 and RWSun Development Pte. Ltd. in 2021.

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MR. XU RUIBING

Executive Director,
CEO

Mr. Xu Ruibing is our Executive Director and CEO and was appointed to our Board on 23 December 2021.

MR. XU RUIBING

Executive Director,
CEO

Mr. Xu Ruibing is our Executive Director and CEO and was appointed to our Board on 23 December 2021.

Mr. Xu is a co-founder of the Group. He has almost 30 years of experience in M&E engineering and project management. He is primarily responsible for the overall management and formulation of business strategies of our Group. He has been involved in all key aspects of the operations and business of the Group including the tendering process and project management processes of the Group. He also establishes and maintains a good network with developers, customers, and consultants within the construction industry.

Before he co-founded the Group in 2018, Mr. Xu was an Executive Director of Kin Xin Engineering Pte Ltd (“Kin Xin”) and its parent company, Libra Group Limited.

Mr. Xu holds a Bachelor of Engineering, specializing in electrical engineering, from Northwestern Polytechnical University, the People’sz Republic of China (“PRC”).

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MR. CHUA SIONG KIAT

Lead Independent,
Non-Executive Director

Mr. Chua Siong Kiat is our Lead Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Chua chairs the Audit Committee and is a member of the Remuneration Committee and the Nominating Committee.

MR. CHUA SIONG KIAT

Lead Independent,
Non-Executive Director

Mr. Chua Siong Kiat is our Lead Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Chua chairs the Audit Committee and is a member of the Remuneration Committee and the Nominating Committee.

Mr. Chua is an experienced corporate financial executive and consultant with substantial international broad-based financial and management experience of close to 30 years, with exposure in leadership, business strategy and management, corporate governance and compliance, group restructuring, investor relations, corporate finance and mergers and acquisitions, public listing, financial reporting, controls and planning; and having lived and worked in London, Beijing, Ho Chi Minh City, and Singapore. He is a director of Lighthouse Business Consulting Pte Ltd, a boutique business consulting firm he founded in 2017. He is currently the chief financial officer (“CFO”) of Memiontec Holdings Ltd., a SGX-listed company and serves as independent non-executive director to three other publicly listed companies.

Mr. Chua is a Fellow member of Chartered Certified Accountant (FCCA), Certified Internal Auditor (CIA), Chartered Accountant of Singapore (CA, Singapore), Chartered Valuer and Appraiser (CVA) and Senior Accredited Director conferred by Singapore Institute of Directors (SID). He holds a Master of Business Administration and Diploma of the Imperial College in Management (MBA, DIC) from Imperial College London Business School, University of London.

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MR. KONG CHEE KEONG

Independent,
Non-Executive Director

Mr. Kong Chee Keong is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Kong Chee Keong currently chairs the Remuneration Committee and is a member of the Audit Committee and Nominating Committee.

MR. KONG CHEE KEONG

Independent,
Non-Executive Director

Mr. Kong Chee Keong is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Kong Chee Keong currently chairs the Remuneration Committee and is a member of the Audit Committee and Nominating Committee.

Mr. Kong commenced work at Ernst & Young LLC in 1991, culminating in the role of Audit Manager by 1997. He then progressed through the private equity arm of ING Barings at Baring Communications Equity Asia Pte Ltd until 2004 when he was a Senior Investment Manager. Following this, he transitioned into leadership roles at NewBiomed Pte Ltd, a biotech development start-up, and worked as its director and CFO, and subsequently worked at Top Global Limited as CFO in 2006. In 2007, he took on similar responsibilities at HealthTrends Medical Investments Pte Ltd, a group specialising in medical aesthetics and specialty treatments, serving as its director senior vice president of the corporate development and CFO. He started Penvest Co Pte Ltd in 2011, where he owned and developed several clean energy projects. He then led Darco Water Technologies Limited as Executive Director and CEO from 2021 to 2022. Currently, Mr. Kong also serves as an Independent Director at JEP Holdings Ltd where he chairs the audit committee and is a member of its remuneration and nominating committees.

Mr. Kong is a Chartered Accountant of Singapore with over three decades of corporate development, accounting, and governance experience across various industries. He holds a Bachelor of Accountancy from the National University of Singapore and an MBA from the University of Manchester. He is a member of the Institute of Singapore Chartered Accountants and a fellow member of the Singapore Institute of Directors (SID).

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MR. GOH SIONG PHECK FRANCIS

Independent,
Non-Executive Director

Mr. Goh Siong Pheck Francis is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Goh currently chairs the Nominating Committee and is a member of the Audit Committee and Remuneration Committee.

MR. GOH SIONG PHECK FRANCIS

Independent,
Non-Executive Director

Mr. Goh Siong Pheck Francis is our Independent Non-Executive Director, and was appointed to our Board on 20 April 2023. Mr. Goh currently chairs the Nominating Committee and is a member of the Audit Committee and Remuneration Committee.

Mr. Goh is a qualified mediator, arbitrator and lawyer. He has been practicing law in Singapore for over 30 years. He is currently an equity partner of Harry Elias Partnership LLP where he heads the International Arbitration and Mediation Practice. An early adopter of mediation since 2001, Mr. Goh has incorporated mediation techniques into his dispute resolution practice, both as a mediation advocate and as mediator. He weaves litigation, arbitration and mediation expertise to obtain outcomes enabling clients and parties to ‘get back to doing business’ in a timely and cost-efficient way. Mr Goh is the Chairman of the Advocacy Committee of the Law Society of Singapore.

Mr Goh is a Fellow of the Chartered Institute of Arbitrators and the Singapore Institute of Arbitrators. Mr Goh is a mediator on the panel of many institutions including the Singapore Mediation Centre, the Singapore International Mediation Centre, Law Society of Singapore Mediation Panel and American Arbitration Association – International Centre for Dispute Resolution (AAA-ICDR). Mr Goh is a certified mediator at Singapore International Mediation Institute and International Mediation Institute (“IMI”). He is also an IMI Certified Mediation Advocate. He holds a Bachelor of Law from National University of Singapore.

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Key Management Team: MS. NG CHOU YUAN

Group Financial Controller

Ms. Ng Chou Yuan is the Financial Controller of our Group and is responsible for the finance and accounting matters of our Group. She joined SBME as an assistant Account Manager in September 2018 and was subsequently promoted to Financial Controller in 2022. Ms. Ng is currently a non-executive director of Primest Land V1 Pte. Ltd.

MS. NG CHOU YUAN

Group Financial Controller

Ms. Ng Chou Yuan is the Financial Controller of our Group and is responsible for the finance and accounting matters of our Group. She joined SBME as an assistant Account Manager in September 2018 and was subsequently promoted to Financial Controller in 2022. Ms. Ng is currently a non-executive director of Primest Land V1 Pte. Ltd.

Ms. Ng has more than 12 years of experience in audit and accounting. Prior to her appointment in SBME, she was an accountant at Kin Xin, a wholly-owned subsidiary of Libra Group Limited.

Ms. Ng is qualified as a Chartered Accountant of Singapore and she is a member of the Institute of Singapore Chartered Accountants.

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MS. LEI LEI

General Manager of SBME

Ms. Lei Lei is the General Manger of SBME and is responsible for the day-to-day operations of SBME. She joined SBME as a general manager in October 2018. She oversees various projects and ensures the smooth operation and completion of the projects.

MS. LEI LEI

General Manager of SBME

Ms. Lei Lei is the General Manger of SBME and is responsible for the day-to-day operations of SBME. She joined SBME as a general manager in October 2018. She oversees various projects and ensures the smooth operation and completion of the projects.

Ms. Lei has over 18 years of experience in the M&E engineering services industry, specialising in providing ACMV works. Prior to her appointment in SBME, she was a general manager of Kin Xin.

Ms. Lei holds a Master’s Degree of Science (Mechanical Engineering) from Nanyang Technological University and a Bachelor of Engineering (specialising in construction environment and equipment engineering) from Central South University, PRC.

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MR. SU YAN PEI

Deputy General Manager
Head of ACMV Department of SBME

Mr. Su Yan Pei is the Deputy General Manager and Head of ACMV department of SBME and is responsible for the management and operation of projects in respect of ACMV works undertaken by SBME. He joined SBME as deputy general manager and head of ACMV department in May 2023.

MR. SUN YAN PEI

Deputy General Manager
Head of ACMV Department of SBME

Mr. Su Yan Pei is the Deputy General Manager and Head of ACMV department of SBME and is responsible for the management and operation of projects in respect of ACMV works undertaken by SBME. He joined SBME as deputy general manager and head of ACMV department in May 2023.

Mr. Su has almost 20 years of experience in the M&E engineering services industry, specializing in providing ACMV works. Prior to his appointment in SBME, he was an assistant managing director of Great Resources M&E Contractor Pte Ltd.

Mr. Su holds a Master of Science (International Construction Management) from Nanyang Technological University and Bachelor of Engineering (specializing in building environment and equipment engineering) from Dalian University of Technology, PRC.

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MR. SU CHANG

Deputy General Manager,
Project Director of SBME

Mr. Su Chang is the Deputy General Manager and Project Director of SBME and is responsible for the management and operation of certain projects undertaken by SBME. He joined SBME as a project director in April 2020 and was subsequently promoted to Deputy General Manager and Project Director in 2023.

MR. SU CHANG

Deputy General Manager,
Project Director of SBME

Mr. Su Chang is the Deputy General Manager and Project Director of SBME and is responsible for the management and operation of certain projects undertaken by SBME. He joined SBME as a project director in April 2020 and was subsequently promoted to Deputy General Manager and Project Director in 2023.

Mr. Su has over 18 years of experience in the M&E engineering services industry, specialising in providing PSG works. Prior to his appointment in SBME, he co-founded Sintop M&E Pte Ltd, which was engaged in providing M&E engineering services.

Mr. Su holds a Bachelor of Engineering from Tongji University, PRC. He is a licensed plumber with the Public Utilities Board of Singapore.

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MR. YANG WENBO

Head of Department (PSG and Fire Protection) of SBME

Mr. Yang Wenbo is the Head of Department (PSG and Fire Protection) of SBME and is responsible for managing projects in respect of PSG and FP works undertaken by SBME. He joined SBME in July 2019 as a senior project manager and was subsequently promoted to the Head of Department (PSG and Fire Protection) in 2022.

MR. YANG WENBO

Head of Department (PSG and Fire Protection) of SBME

Mr. Yang Wenbo is the Head of Department (PSG and Fire Protection) of SBME and is responsible for managing projects in respect of PSG and FP works undertaken by SBME. He joined SBME in July 2019 as a senior project manager and was subsequently promoted to the Head of Department (PSG and Fire Protection) in 2022.

Mr. Yang has over 30 years of experience in the M&E engineering services industry, specialising in providing PSG works. Prior to his appointment in SBME, he was a project manager at Newcon Builders Pte. Ltd., and was briefly a senior project manager of AAL Engineering Pte. Ltd.

Mr. Yang holds a higher education in water supply and drainage from HuBei Radio and Television University, PRC.

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MS. HAU CHIU SI

Procurement Manager of SBME

Ms. Hau Chiu Si is the Procurement Manager of SBME and is in charge of the procurement department. She joined SBME as the Procurement Manager in July 2018.

MS. HAU CHIU SI

Procurement Manager of SBME

Ms. Hau Chiu Si is the Procurement Manager of SBME and is in charge of the procurement department. She joined SBME as the Procurement Manager in July 2018.

Ms. Hau has more than 18 years of experience in the area of procurement. Prior to her appointment in SBME, she was an assistant procurement manager at Kin Xin.

Ms. Hau holds an Executive Diploma in Business Administration from University of Technology, Sydney.

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MR. CHEE TEOW SIONG

Business Development Director of FG

Mr. Chee Teow Siong is the Business Development Director of FG and is responsible for business development, maintaining current business relationships with clients and consultants and identifying and building new business opportunities and partnerships of FG.

MR. CHEE TEOW SIONG

Business Development Director of FG

Mr. Chee Teow Siong is the Business Development Director of FG and is responsible for business development, maintaining current business relationships with clients and consultants and identifying and building new business opportunities and partnerships of FG.

He has more than 40 years of experience in M&E engineering services industry and project management, specializing in providing fire protection works. He joined FG since 1984 as a project manager.

Mr. Chee holds a Technical Diploma in Mechanical Engineering from Singapore Polytechnic.

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MR. LIM TECK SENG

General Manager of FG

Mr. Lim Teck Seng is the General Manager of FG and is responsible for overseeing the tendering department and project management of FG.

MR. LIM TECK SENG

General Manager of FG

Mr. Lim Teck Seng is the General Manager of FG and is responsible for overseeing the tendering department and project management of FG.

He has more than 30 years of experience in M&E engineering services industry, specializing in providing fire protection works. He joined FG since 1991 as a project manager.

Mr. Lim holds a Diploma in Mechanical Engineering from Singapore Polytechnic.

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MS. CHEE YEN MING

Deputy General Manager of FG

Ms Chee Yen Ming is the Deputy General Manager of FG and is responsible for overseeing daily operations of FG including admin, accounts, procurement and human resources department.

MS. CHEE YEN MING

Deputy General Manager of FG

Ms Chee Yen Ming is the Deputy General Manager of FG and is responsible for overseeing daily operations of FG including admin, accounts, procurement and human resources department.

She has more than 20 years of experience in human resources, accounts and procurement. She joined FG since year 2001 as accounts cum admin executive.

Ms. Chee holds a Bachelor of Arts from the National University of Singapore.

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CORPORATE MILESTONES

2018

Sunbeam was incorporated to undertake M&E engineering projects in Singapore.

2019

Sunbeam was awarded its first major contract, to provide M&E engineering services as a subcontractor for PSA Tuas Terminal Maintenance Base in Singapore with a contract sum of more than S$20 million.

2021

Sunbeam completed the M&E engineering project for PSA Tuas Terminal Maintenance Base in Singapore.
Sunbeam obtained registration of the
- ME01 (Air-Conditioning, Refrigeration & Ventilation Works) Work-head – Grade L5
- ME05 (Electrical Engineering) Work-head – Grade L5
- ME06 (Fire Prevention & Protection Systems) Work-head – Grade L3, and – ME12
ME06 (Fire Prevention & Protection Systems) Work-head – Grade L3, and – ME12
(Plumbing & Sanitary Works) Work-head – Grade L4 Sunbeam was awarded bizSAFE L4 certificate.
Incorporation of Holding Company – Ever Glory United Holdings Limited

2022

Sunbeam was accredited with ISO 9001:2015 (Quality Management System) and ISO 45001:2018 (Occupational Health and Safety Management System)
Sunbeam obtained registration of the ME15 (Integrated Building Services) Work-head – Grade L5
Sunbeam secured two (2) major contracts, to provide M&E engineering services as a subcontractor with an aggregate contract value more than S$65 million.

2023

Sunbeam obtained bizSAFE STAR certificate
Listed on the Catalist Board of the SGX-ST
Issued 84,700,000 bonus shares on the basis of one (1) bonus share to be credited as fully paid for every one (1) existing ordinary share in the capital of the Company held by our shareholders.
Incorporation of subsidiary – Ever Capital Pte. Ltd. which is principally engaged in property development business.
The Group expanded into the property development segment, pursuant to which ECPL has incorporated an entity with Primest Land Pte Ltd and Sunlit Venture Capital Pte Ltd in relation to a Geylang property
development project.

2024

The Group acquired the entire issued and paid-up share capital of Fire-Guard Engineering Pte. Ltd. (“Fire-Guard”) for a consideration amount of S$4.30 million. Fire-Guard is a graded L5 by BCA for work-head ME06 fire prevention and protection systems.
Issued 86,608,349 bonus shares on the basis of one (1) bonus share to be credited as fully paid for every two (2) existing ordinary shares in the capital of the Company held by our shareholders.
ECPL entered into a shareholders’ agreement with various parties to invest in Bayswood Pte. Ltd. (“Bayswood”) via a special purpose vehicle – Newave Solutions Pte. Ltd. (“Newave”), representing 5% equity interests in Bayswood to develop a food factory at 2C Mandai Estate, Singapore.
Successfully obtained L6 grading in electrical engineering and integrated building services, also obtained L5 grading in plumbing & sanitary works.

2025

The Group announced its entry into a letter of offer with the shareholder of a target company to acquire 100% of the issued and paid-up capital of the target company. The letter of offer is subject to the execution of definitive agreements between the parties and the satisfactory completion of due diligence on the target company.
Issued 86,635,783 bonus shares on the basis of one (1) bonus share to be credited as fully paid for every three (3) existing ordinary shares in the capital of the Company held by our shareholders.
Successfully obtained L6 grading in Airconditioning, Refrigeration & Ventilation works (“ACMV”).
The Group completes acquired the entire issued and paid-up share capital of Guthrie Engineering (S) Pte Ltd (“GE”) for a considerate amount approximately of $46 million. On 1 July 2025, GE has become a wholly owned subsidiary of the Group.