Financial Performance - For the fiscal year ending December 31, 2024, the company's revenue increased by approximately 5.9% to about SGD 19.9 million, compared to approximately SGD 18.8 million in the previous fiscal year[10] - The gross profit decreased from approximately SGD 3.1 million in the fiscal year ending December 31, 2023, to approximately SGD 1.9 million for the fiscal year ending December 31, 2024, primarily due to lower gross margins on ongoing projects[10] - Revenue increased by approximately SGD 1.1 million or 5.9% from SGD 18.8 million in FY2023 to SGD 19.9 million in FY2024, primarily due to increased construction activities on public sector projects[16] - Gross profit decreased by approximately SGD 1.2 million or 38.7% from SGD 3.1 million in FY2023 to SGD 1.9 million in FY2024, with gross margin declining from 16.5% to 9.5%[19] - Profit for the year was approximately SGD 0.8 million in FY2024, compared to a loss of approximately SGD 7,000 in FY2023[23] Project and Contract Updates - As of December 31, 2024, the company had six ongoing projects (excluding joint venture projects) with a total contract value of approximately SGD 63.4 million, of which about SGD 52.0 million has been recognized as revenue[12] - The company secured two new projects with a total contract value of approximately SGD 23.8 million during the fiscal year ending December 31, 2024[13] - The company is currently constructing a four-story building for warehouse, office, dormitory, and ancillary facilities, expected to be completed by 2025[39] Industry Outlook - The construction industry in Singapore is projected to grow by 4.5% in 2024, following a strong growth of 5.8% in 2023, with nominal construction demand expected to range between SGD 47 billion and SGD 53 billion in 2025[9] - The outlook for the construction industry remains optimistic, supported by ongoing public infrastructure projects and private sector developments[8] Cost Management and Financial Health - The company is committed to strict cost control and is prepared to address potential new challenges while maintaining its market leadership[10] - Service costs rose by approximately SGD 2.2 million or 13.9% from SGD 15.8 million in FY2023 to SGD 18.0 million in FY2024, driven by increased construction activities[18] - Other income increased by approximately SGD 0.9 million from SGD 4.4 million in FY2023 to SGD 5.3 million in FY2024, mainly due to higher interest income from financial assets[20] - Administrative expenses decreased by approximately SGD 0.2 million or 2.9% from SGD 6.9 million in FY2023 to SGD 6.7 million in FY2024, attributed to reduced depreciation and professional fees[21] - As of December 31, 2024, the group had cash and bank balances of approximately SGD 3.0 million, down from SGD 13.7 million in FY2023[26] - The group’s debt stood at approximately SGD 5.4 million as of December 31, 2024, compared to SGD 5.7 million in FY2023[26] Corporate Governance - The company has fully complied with all applicable principles and code provisions of the Corporate Governance Code for the fiscal year ending December 31, 2024[115] - The board of directors held four meetings during the fiscal year ending December 31, 2024, to discuss overall strategy, operations, and financial performance[127] - The company has established a clear framework for the responsibilities and contributions of the board and management, ensuring effective governance[126] - The independent non-executive directors confirmed their independence according to the guidelines set out in the Listing Rules for the fiscal year ending December 31, 2024[122] Risk Management - The company faces significant risks due to the non-recurring nature of its projects, which may impact its financial performance if it cannot secure new contracts after current projects are completed[81] - The company has implemented credit risk policies to mitigate the impact of potential defaults on trade receivables[83] - The company has committed to taking proactive actions to address identified issues in its risk management and internal control systems[167] Employee and Workforce Management - The total employee cost for the fiscal year ending December 31, 2024, was approximately SGD 6.6 million, an increase from SGD 6.4 million in 2023, with a total of 154 employees as of December 31, 2024[38] - The company emphasizes the importance of employees as valuable assets and has implemented competitive compensation and safety measures[63] - A significant portion of the company's workforce consists of foreign employees, and any inability to hire or retain them could adversely affect operations and financial performance[83] Sustainability and Social Responsibility - The company emphasizes workplace safety and responsible environmental practices as part of its commitment to social and environmental management[186] - The company aims to balance profitability with sustainability, outlining measures taken to address the environmental and social impacts of its operations[188] - The company is committed to achieving annual environmental, social, and governance goals and continuously improving its performance in these areas[195] Shareholder Relations - The company reported no distributable reserves as of December 31, 2024, due to accumulated losses, although share premium accounts can be used for dividend distribution if debts are payable on the dividend payment date[66] - The board has resolved not to recommend any final dividend for the fiscal year ending December 31, 2024, consistent with the previous year[67] - The company has adopted a dividend policy that considers financial performance, cash flow, and other factors before declaring dividends, with the board having full discretion over dividend payments[183]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2227） 截至二零二四年十二月三十一日止年度之全年業績 財務摘要 收益由二零二三年約18.8百萬新加坡元增加約5.9%至二零二四年約19.9百萬新加坡元。 毛利由二零二三年約3.1百萬新加坡元減少約38.7%至二零二四年約1.9百萬新加坡元。 二零二四年錄得年內溢利約0.8百萬新加坡元，而二零二三年則為年內虧損約7,000新加坡元。 董事會不建議派付截至二零二四年十二月三十一日止年度之末期股息（二零二三年：無）。 全年業績 守益控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二四年十二月三十一日止年度之經審核綜合業績連同其截至二零二三年十二月三十一 日止年度之比較數字如下： 1 合併損益及其他全面收益表 截至二零二四年十二月三十一日止財政年度 | | ...

SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） 股份代號： 2227 2024 中期報告 目錄 公司資料 2 管理層討論及分析 4 其他資料 9 合併損益及其他全面收益表 14 合併財務狀況表 15 合併權益變動表 16 合併現金流量表 17 合併財務報表附註 19 01 守益控股有限公司 2024年中期報告 公司資料 執行董事 鄭湧華先生（主席） 張瑞清先生 獨立非執行董事 張加樂先生 鍾比能先生 黃仲權先生 審核委員會 張加樂先生（主席） 鍾比能先生 黃仲權先生 薪酬委員會 鍾比能先生（主席） 鄭湧華先生 張加樂先生 提名委員會 黃仲權先生（主席） 張瑞清先生 張加樂先生 企業管治委員會 張瑞清先生（主席） 鍾比能先生 黃仲權先生 公司秘書 錢盈盈女士 授權代表 張瑞清先生 錢盈盈女士 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 總部及主要營業地點 85 Tagore Lane Singapore 787527 香港主要營業地點 香港九龍 尖沙咀 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2227） 截至二零二四年六月三十日止六個月之中期業績 | --- | |-----------------------------------------------------------------------------------------| | | | 財務摘要 | | 收益於截至二零二四年六月三十日止六個月及截至二零二三年六月三十日止六個月保持一致，約 | | 為 5.6 百萬新加坡元。 | | 毛利由截至二零二三年六月三十日止六個月約 0.2 百萬新加坡元增加約 250.0% 至截至二零二四年 | | 六月三十日止六個月約 0.7 百萬新加坡元。 | | 截至二零二四年六月三十日止六個月之虧損由截至二零二三年六月三十日止六個月約 1.0 百萬新加 | | 坡元減少約 50.0% 至約 0.5 百萬 ...

Financial Performance - The group's revenue increased by approximately 37.2% to about SGD 18.8 million for the fiscal year ending December 31, 2023, compared to SGD 13.7 million in the previous year[13]. - Gross profit rose by approximately 47.6% to about SGD 3.1 million, with a gross margin of 16.5%, up from 15.3% in the previous year[16]. - The net loss for the previous fiscal year was eliminated, resulting in a net profit for the fiscal year ending December 31, 2023[16]. - Revenue increased from approximately SGD 13.7 million in FY2022 to approximately SGD 18.8 million in FY2023, representing a growth of 37.2%[18]. - Other income grew from approximately SGD 2.8 million in FY2022 to approximately SGD 4.4 million in FY2023, primarily due to increases in bank interest income and rental income[22]. - The group reported a loss of approximately SGD 7,000 in FY2023, a decrease of 99.2% from a loss of approximately SGD 0.9 million in FY2022[26]. Project and Contract Management - The group has five ongoing projects with a total contract value of approximately SGD 56.8 million, of which about SGD 31.9 million has been recognized as revenue as of December 31, 2023[15]. - The company typically retains 5% of the contract value as retention money, which may affect cash flow if clients delay payments or do not release retention money on time[95]. - The company faces significant risks due to the non-recurring nature of its projects, which may impact financial performance if new contracts are not secured after current projects are completed[92]. Cost and Expense Management - Service costs rose from approximately SGD 11.6 million in FY2022 to approximately SGD 15.8 million in FY2023, an increase of 36.2%[20]. - Administrative expenses increased from approximately SGD 5.2 million in FY2022 to approximately SGD 6.9 million in FY2023, a rise of 32.7%[23]. - Financing costs increased from approximately SGD 0.1 million in FY2022 to approximately SGD 0.3 million in FY2023, a significant increase of 200.0%[24]. - The group will continue to implement strict cost control measures and monitor the macroeconomic environment to address potential challenges[12]. Workforce and Human Resources - As of December 31, 2023, the group had a total of 145 employees, with total employee costs amounting to approximately SGD 6.4 million, an increase from SGD 6.1 million in the previous fiscal year[39]. - The company regularly assesses its human resources to ensure sufficient labor is available to meet project demands[96]. - A majority of the company's workforce consists of foreign employees, and any inability to hire or retain them could adversely affect operations and financial performance[95]. Market Outlook - The Singapore construction industry is projected to grow by 5.2% in 2024, driven by both public and private sector projects[12]. - The group anticipates strong construction demand in the public sector, with stable private sector project demand in the medium term[9]. Corporate Governance - The company has fully complied with all applicable principles and code provisions of the Corporate Governance Code for the year ended December 31, 2023[130]. - The board is responsible for leading and controlling the company, with management delegated to oversee daily operations[134]. - The company aims to foster a corporate culture based on honesty, transparency, and responsibility, contributing to sustainable long-term performance[131]. - The board currently consists of five directors, with a mix of ages and nationalities, ensuring diverse perspectives[173]. Risk Management - The company has established a framework for risk management and internal controls, which is regularly reviewed by the board[141]. - The audit committee has reviewed the audit qualifications and agrees with management's view that the classification of the investment is appropriate[186]. - Crowe Horwath's review of the group's risk management and internal control systems found no significant deficiencies, and management has committed to addressing identified issues[189]. Community Engagement - The group reported charitable donations of SGD 60,940 for the fiscal year ending December 31, 2023, compared to SGD 11,160 in 2022, indicating a significant increase in community support[77]. Future Plans - The group plans to enhance its workforce and adopt new construction technologies to improve productivity and maintain competitive advantages in bidding for new projects[12]. - The group plans to demolish an entire property and construct a four-story building for warehouse, office, dormitory, and ancillary facilities, with construction expected to commence in the next fiscal year[40]. Shareholder Information - The board has resolved not to recommend any final dividend for the fiscal year ending December 31, 2023, consistent with the previous year where no dividend was declared[75]. - As of December 31, 2023, Mr. Zheng Yonghua holds 60.05% of the company's shares, while Mr. Zhang Ruiqing holds 57.86%[104].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2227） 截至二零二三年十二月三十一日止年度之全年業績 財務摘要 收益由二零二二年約13.7百萬新加坡元增加約37.2%至二零二三年約18.8百萬新加坡元。 毛利由二零二二年約2.1百萬新加坡元增加約47.6%至二零二三年約3.1百萬新加坡元。 年內虧損由二零二二年約0.9百萬新加坡元減少約99.2%至約7,000新加坡元。 董事會不建議派付截至二零二三年十二月三十一日止年度之末期股息（二零二二年：無）。 全年業績 守益控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈本公司及其附屬公司（統稱「本集 團」）截至二零二三年十二月三十一日止年度之經審核綜合業績連同其截至二零二二年十二月三十一 日止年度之比較數字如下： 1 合併損益及其他全面收益表 截至二零二三年十二月三十一日止財政年度 | | 附註 ...

合併損益及其他全面收益表 14 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） 股份代號： 2227 2023 中期報告 目錄 公司資料 2 管理層討論及分析 4 其他資料 9 合併財務狀況表 15 合併權益變動表 16 合併現金流量表 17 合併財務報表附註 19 01 守益控股有限公司 2023年中期報告 公司資料 執行董事 鄭湧華先生 （主席） 張瑞清先生 獨立非執行董事 張加樂先生 鍾比能先生 黃仲權先生 審核委員會 張加樂先生 （主席） 鍾比能先生 黃仲權先生 薪酬委員會 鍾比能先生 （主席） 鄭湧華先生 張加樂先生 提名委員會 黃仲權先生 （主席） 張瑞清先生 張加樂先生 企業管治委員會 張瑞清先生 （主席） 鍾比能先生 黃仲權先生 公司秘書 錢盈盈女士 授權代表 張瑞清先生 錢盈盈女士 註冊辦事處 Cricket Square Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 總部及主要營業地點 85 Tagore Lane Singapore 787527 香港主要營業地點 香港九 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2227） 截至二零二三年六月三十日止六個月之中期業績 財務摘要 收益由截至二零二二年六月三十日止六個月約6.8百萬新加坡元減少約17.6%至截至二零二三年六 月三十日止六個月約5.6百萬新加坡元。 毛利由截至二零二二年六月三十日止六個月約1.0百萬新加坡元減少約80%至截至二零二三年六月 三十日止六個月約0.2百萬新加坡元。 截至二零二三年六月三十日止六個月之虧損由截至二零二二年六月三十日止六個月約0.5百萬新加 坡元增加約100.0%至約1.0百萬新加坡元。 ...

SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） 股份代號： 2227 2022 年報 目錄 | 公司資料 | 2 | | --- | --- | | 主席報告 | 4 | | 管理層討論及分析 | 5 | | 本公司董事及高層管理人員履歷詳情 | 10 | | 董事會報告 | 14 | | 企業管治報告 | 25 | | 環境、社會及管治報告 | 40 | | 獨立核數師報告 | 82 | | 合併損益及其他全面收益表 | 88 | | 合併財務狀況表 | 89 | | 合併權益變動表 | 91 | | 合併現金流量表 | 92 | | 合併財務報表附註 | 94 | | 五年財務概要 | 158 | 01 守益控股有限公司 2022年年報 公司資料 執行董事 鄭湧華先生 （主席） 張瑞清先生 獨立非執行董事 張加樂先生 鍾比能先生 黃仲權先生 審核委員會 張加樂先生 （主席） 鍾比能先生 黃仲權先生 薪酬委員會 鍾比能先生 （主席） 鄭湧華先生 張加樂先生 提名委員會 黃仲權先生 （主席） 張瑞清先生 張加樂先生 企業管治委員會 張瑞清先生 （主席） 鍾比能先生 黃仲權先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴該等內容 而引致的任何損失承擔任何責任。 SOLIS HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2227） 截至二零二二年十二月三十一日止年度之全年業績 財務摘要 收益由二零二一年約14.6百萬新加坡元減少約6.2%至二零二二年約13.7百萬新加坡元。 毛利由二零二一年約3.0百萬新加坡元減少約30.0%至二零二二年約2.1百萬新加坡元。 年內虧損由二零二一年約4.0百萬新加坡元減少約77.5%至約0.9百萬新加坡元。 董事會不建議派付截至二零二二年十二月三十一日止年度之末期股息（二零二一年：無）。 全年業績 ...