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 對 因 本 公 告 全 部 或 任 何部份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。 本 集 團 仍 在 落 實 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 的 財 務 業 績。本 公 告 所 載 資 料 僅 基 於 董 事 會 目 前 可 得 的 資 料，包 括 本 集 團 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 的 未 經 審 核 綜 合 管 理 賬 目，該 等 賬 目 並 未 經 本 公 司 核 數 師 及 本 公 司 審 核 委 員 會 審 核 或 審 閱。本 集 團 將 刊 發 的 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 之 實 際 業 績 可 能 與 本 公告所披露的資料有所不同。 本公司股東及潛在投資者務請參閱預期將於二零二五年九月二十五日發佈的本集 團截至二零二五年六月三十日止年度之財務業績的進一步詳情。 KWAN YONG HOLDINGS LIMITED ...

主席兼執行董事 KWAN YONG HOLDINGS LIMITED 董事會會議通告 光榮建築控股有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：9998） 光 榮 建 築 控 股 有 限 公 司（「本公司」）之 董 事（「董 事」）會（「董事會」）謹 此 宣 佈 於 二 零 二 五 年 九 月 二 十 五 日（星 期 四）舉 行 董 事 會 會 議，藉 以 考 慮 及 通 過（其 中 包 括）本 公 司 連 同 其 附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 業 績 及 其 發 佈，以 及 考 慮 派 發 末 期 股 息（如 有）。 承董事會命 光榮建築控股有限公司 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之內容概不負責， 對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全 部 或 任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Kwan Mei Kam 新加坡，二零二五年九月十二日 於本公告日期，董事會成員包括執行董事 Kwan Me ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 光榮建築控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09998 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | 本 ...

FF301 致：香港交易及結算所有限公司 公司名稱: 光榮建築控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 09998 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | 本月底法定/註冊股本總額： HKD 150,000,000 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動 ...

Summary of Key Points Core Viewpoint - As of May 16, a total of 54 stocks reached their 52-week highs, indicating a positive trend in the market, with notable performances from Glory Holdings, Jian De International Holdings, and Xunlong [1]. Group 1: 52-Week Highs - Glory Holdings (09998) achieved a closing price of 0.209 with a peak of 0.290, marking a high rate of 72.62% [1]. - Jian De International Holdings (00865) closed at 0.054, reaching a high of 0.073, reflecting a 25.86% increase [1]. - Xunlong (01930) closed at 0.370, with a peak of 0.500, resulting in a 25.00% increase [1]. - Other notable stocks include Sound Technology (02495) with a 20.67% increase and CLSA PREMIUM (06877) with a 19.15% increase [1]. Group 2: 52-Week Lows - INTL GENIUS (00033) recorded a closing price of 1.290, with a low of 0.930, reflecting a decrease of 22.50% [2]. - 威发国际 (00765) closed at 0.300, reaching a low of 0.265, indicating a decline of 22.06% [2]. - 时腾科技 (08113) had a closing price of 0.042, with a low of 0.030, showing a decrease of 21.05% [2]. - Other significant declines include 顺豪控股 (00253) with a 12.50% decrease and 奥传思维控股 (08091) with a 10.00% decrease [2].

Financial Performance - Revenue for the six months ended December 31, 2024, was SGD 105.9 million, representing a 63.9% increase from SGD 64.7 million in the same period of 2023[7] - Gross profit increased to SGD 6.4 million, up 102.5% from SGD 3.1 million year-on-year[7] - Profit attributable to shareholders for the period was SGD 2.0 million, compared to SGD 0.2 million in the previous year, marking a significant increase of 831.1%[7] - Basic and diluted earnings per share rose to SGD 0.25, compared to SGD 0.03 in the prior period, reflecting a substantial growth[7] - The company reported a pre-tax profit of SGD 1,969,000 for the six months ended December 31, 2024, compared to SGD 212,000 in the same period of 2023, representing a significant increase[14] - Operating cash flow before changes in working capital was SGD 2,171,000, up from SGD 311,000 year-over-year[14] - The company achieved a net cash increase of SGD 25,466,000, compared to SGD 15,380,000 in the previous year[15] - Other income for the six months ended December 31, 2024, was SGD 887,000, compared to SGD 852,000 in the same period of 2023, showing a slight increase of 4.1%[34] - The company reported a total of SGD 1,120,000 in gains from the sale of properties and investments for the six months ended December 31, 2024, compared to SGD 978,000 in the previous year, marking an increase of 14.5%[34] Assets and Liabilities - Total assets as of December 31, 2024, amounted to SGD 135.9 million, an increase from SGD 98.9 million as of June 30, 2024[9] - Current assets increased to SGD 114.1 million from SGD 76.3 million, indicating a growth of 49.5%[9] - Total liabilities rose to SGD 94.9 million from SGD 59.9 million, reflecting an increase of 58.5%[10] - Net assets attributable to shareholders increased to SGD 41.0 million from SGD 39.0 million, showing a growth of 5.2%[10] - The company reported a cash and cash equivalents balance of SGD 66.7 million, up from SGD 41.2 million, indicating a 62.0% increase[9] - The company's total liabilities as of December 31, 2023, were SGD 59,031,000, with total assets amounting to SGD 96,707,000, indicating a healthy asset-to-liability ratio[28] - Trade receivables increased to SGD 12,941,000 as of December 31, 2024, from SGD 7,705,000 as of June 30, 2024, representing a growth of 68.9%[45] - Unbilled receivables rose to SGD 24,623,000 as of December 31, 2024, compared to SGD 15,852,000 as of June 30, 2024, marking an increase of 55.5%[45] - Contract liabilities increased to SGD (27,839,000) as of December 31, 2024, from SGD (11,505,000) as of June 30, 2024, indicating a rise of 142.5%[51] - Trade payables surged to SGD 15,964,000 as of December 31, 2024, up from SGD 5,060,000 as of June 30, 2024, reflecting a growth of 215.5%[52] - Accrued subcontractor costs rose to SGD 27,817,000 as of December 31, 2024, compared to SGD 22,862,000 as of June 30, 2024, an increase of 21.6%[52] Market Outlook and Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[7] - The construction industry in Singapore is projected to grow by 4.5% in 2024, down from 5.8% in 2023, with both public and private sector construction activity increasing[62] - The Singapore Construction Authority forecasts total construction demand for 2025 to be between SGD 47 billion and SGD 53 billion, representing an increase of 0.3% to 11.7% compared to pre-COVID levels in 2019[65] - The group aims to maintain its focus on becoming a leading contractor in both public and private sector construction projects, emphasizing investment in workforce and new construction technologies[65] - The group has a cautious yet optimistic outlook, believing that continuous investment in enhancing its workforce and adopting new technologies will strengthen its competitive advantage in bidding and delivering construction projects[65] - The Singapore economy is expected to grow by 1.0% to 3.0% in 2025, with ongoing global economic risks and inflation concerns impacting the outlook[64] Corporate Governance and Compliance - The company has fully complied with the corporate governance code during the reporting period, except for a specific deviation regarding the roles of the chairman and CEO[119] - The company appointed Ms. Wu Kai Ying as the company secretary, who possesses the necessary qualifications and experience for the role[121] - The audit committee, established on December 17, 2019, is chaired by independent non-executive director Mr. Pang Ting Wu, ensuring compliance with listing rules[125] - The interim condensed consolidated financial statements for the six months ending December 31, 2024, have been reviewed by the audit committee and comply with applicable accounting standards[127] - There are no reported interests or potential conflicts of interest from directors or major shareholders in competing businesses as of December 31, 2024[103] - The company has adopted a non-competition agreement to prevent potential competition with its major shareholders[104] Shareholder Information - Kwan Mei Kam and Tay Yen Hua each hold 600,000,000 shares, representing 75% ownership in the company[96] - The stock option plan allows for a maximum issuance of 80,000,000 shares, representing 10% of the company's issued shares as of December 7, 2019[112] - No stock options have been granted, exercised, expired, canceled, or become invalid as of the mid-term report date[117] - The company did not declare any dividends for the six months ended December 31, 2024, consistent with the same period in 2023[41]

Financial Performance - For the six months ending December 31, 2024, the company reported revenue of SGD 105.9 million, a 63.9% increase from SGD 64.7 million in the same period of 2023[2] - Gross profit for the same period was SGD 6.4 million, up from SGD 3.1 million, reflecting a significant improvement in profitability[2] - The company's net profit attributable to shareholders for the six months was SGD 1.98 million, compared to SGD 0.21 million in the previous year, marking a substantial increase of 834%[2] - Basic and diluted earnings per share for the period were SGD 0.25, compared to SGD 0.03 in the previous year, indicating strong earnings growth[4] - The group recorded a profit of SGD 2.0 million for the six months ended December 31, 2024, compared to SGD 0.2 million for the same period in 2023[66] Assets and Liabilities - Total assets as of December 31, 2024, amounted to SGD 135.9 million, an increase from SGD 98.9 million as of June 30, 2024[6] - The total liabilities rose to SGD 94.9 million from SGD 59.9 million, reflecting increased operational activities[7] - The company's equity attributable to shareholders increased to SGD 41.0 million from SGD 39.0 million, showing a positive trend in shareholder value[7] - Total current assets reached SGD 114.1 million as of December 31, 2024, compared to SGD 76.3 million as of June 30, 2024, while total current liabilities increased to SGD 92.5 million from SGD 57.3 million[68] Cash Flow and Liquidity - The company's cash and cash equivalents increased to SGD 66.7 million from SGD 41.2 million, indicating improved liquidity[6] - For the six months ended December 31, 2024, the operating cash flow before changes in working capital was SGD 2,171,000, a significant increase from SGD 311,000 in the same period of 2023, representing a growth of 598.1%[11] - The net cash generated from operating activities for the six months ended December 31, 2024, was SGD 29,913,000, compared to SGD 15,888,000 in 2023, reflecting an increase of 88.1%[11] - The total cash and cash equivalents at the end of the period increased to SGD 66,651,000 from SGD 38,293,000, marking a growth of 74.1% year-over-year[13] Revenue Segmentation - The construction segment generated SGD 105,343,000 in revenue, up from SGD 64,341,000, reflecting a growth of 63.9%[29] - The property segment reported revenue of SGD 557,000, an increase from SGD 312,000, representing a 78.5% growth[29] Operational Activities - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[2] - The company experienced a significant increase in contract liabilities, which rose to SGD 16,334,000 from SGD 2,029,000, representing an increase of 705.5%[11] - The cost of construction for the six months ended December 31, 2024, was SGD 99,532,000, compared to SGD 61,510,000 in 2023, representing an increase of 61.8%[34] Employee and Workforce - The total employee count increased to 504 as of December 31, 2024, from 459 as of December 31, 2023, with total employee costs amounting to approximately SGD 9.4 million[82] Corporate Governance - The company has fully complied with the corporate governance code as of December 31, 2024, except for the provision C.2.1 regarding the separation of roles of Chairman and CEO[89] - The Audit Committee, established on December 17, 2019, is chaired by an independent non-executive director and includes three other independent non-executive directors[92] - The interim consolidated financial statements for the six months ending December 31, 2024, have been reviewed by the Audit Committee and are deemed to comply with applicable accounting standards and listing rules[94] Future Outlook - The construction industry in Singapore is projected to grow by 4.5% in 2024, down from 5.8% in 2023, with external demand expected to remain resilient[55] - The overall construction demand in Singapore for 2025 is estimated to be between SGD 47 billion and SGD 53 billion, reflecting a 0.3% to 11.7% increase compared to pre-pandemic levels in 2019[58] - The group aims to maintain its focus on becoming a leading contractor in both public and private sector construction projects, investing in workforce and new construction technologies[59]

Financial Performance - Total revenue for the fiscal year ending June 30, 2024, was SGD 133.829 million, a significant increase from SGD 111.435 million in the previous year, representing a growth of approximately 20%[2] - Gross profit decreased to SGD 7.736 million from SGD 8.607 million, reflecting a decline of about 10% year-over-year[2] - The net profit attributable to shareholders for the year was SGD 1.571 million, down from SGD 2.325 million, indicating a decrease of approximately 32%[2] - The company reported a basic and diluted earnings per share of SGD 0.20, down from SGD 0.29 in the previous year, indicating a decline of about 31%[2] - The group recorded a net profit of SGD 1.6 million for the year ended June 30, 2024, down from SGD 2.3 million in the previous year[66] Assets and Liabilities - Total assets increased to SGD 98.916 million from SGD 85.293 million, marking a growth of around 16%[3] - Current assets rose to SGD 76.346 million, up from SGD 65.649 million, which is an increase of about 16%[3] - Total liabilities increased to SGD 59.903 million from SGD 47.871 million, reflecting a rise of approximately 25%[4] - The company's equity attributable to shareholders increased to SGD 39.013 million from SGD 37.422 million, showing a growth of about 4%[4] - The total current liabilities increased to SGD 57.3 million from SGD 45.6 million[67] Cash Flow and Investments - Cash and cash equivalents significantly increased to SGD 41.185 million from SGD 22.913 million, representing a growth of approximately 80%[3] - Operating cash flow for the fiscal year ending June 30, 2024, was SGD 19,633,000, a significant increase from SGD 9,359,000 in the previous year, representing a growth of 109.5%[6] - The company experienced a net cash flow from investing activities of SGD 176,000 in 2024, a decrease from SGD 1,246,000 in 2023[7] - The group purchased assets at a cost of SGD 4,435,000 in 2024, a substantial increase from SGD 586,000 in 2023[38] Revenue Segmentation - The construction segment generated revenue of SGD 133,288 thousand, up from SGD 110,739 thousand, reflecting a growth of about 20% year-over-year[21] - The property segment reported revenue of SGD 541 thousand, down from SGD 696 thousand, indicating a decline of approximately 22%[21] - Major customers contributing over 10% of total revenue included Customer B with SGD 46,766 thousand and Customer C with SGD 48,321 thousand for the fiscal year 2024[20] Expenses and Costs - Total construction costs increased to SGD 116,228,000 in 2024 from SGD 100,505,000 in 2023, with loss-making contracts rising to SGD 9,865,000 from SGD 2,323,000[29] - Employee costs totaled SGD 16.7 million for the year, an increase from SGD 13.1 million in 2023, with the workforce growing to 475 employees from 419[77] - The group incurred direct operating expenses from investment properties of SGD 56,000 in 2024, up from SGD 42,000 in 2023[30] Corporate Governance and Compliance - The company has adopted the corporate governance code as a key element for creating shareholder value, ensuring compliance with the listing rules[82] - The audit committee held four meetings to review the company's financial performance for the fiscal year ending June 30, 2024, including quarterly and annual results[86] - Ernst & Young LLP confirmed that the preliminary announcement figures align with the audited consolidated financial statements for the year ending June 30, 2024[87] Future Outlook and Strategy - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[1] - The construction demand in Singapore for 2024 is projected to be between SGD 32 billion and SGD 38 billion, with public sector demand expected to account for approximately 55%[57] - The group aims to strengthen its competitive advantage by investing in workforce development and adopting new technologies to enhance productivity[57] Dividends and Shareholder Returns - The group did not declare or pay any dividends for the fiscal years ending June 30, 2024, and 2023[36] - The board recommended no final dividend for the year ending June 30, 2024, consistent with the previous year[76]

Financial Performance - Revenue for the six months ended December 31, 2023, was SGD 64,653,000, an increase of 20.7% compared to SGD 53,595,000 for the same period in 2022[9] - Gross profit for the same period was SGD 3,143,000, up from SGD 2,967,000, reflecting a gross margin improvement[9] - The company reported a pre-tax profit of SGD 212,000, compared to SGD 125,000 in the previous year, representing a 69.6% increase[9] - The group reported a net profit of SGD 212,000 for the six months ended December 31, 2023, compared to SGD 125,000 for the same period in 2022, representing a 69.6% increase[15] - Total comprehensive income for the period was SGD 254,000, which includes a fair value gain of SGD 42,000[14] - The group recorded a total operating profit of SGD 212,000, compared to SGD 125,000 in the prior period, representing a significant increase of 69.6%[28] - The group recorded a profit of approximately SGD 0.2 million for the six months ended December 31, 2023, compared to a profit of approximately SGD 0.1 million for the same period in 2022[78] Assets and Equity - Total assets as of December 31, 2023, amounted to SGD 96,707,000, an increase from SGD 85,293,000 as of June 30, 2023[11] - The company's total equity rose to SGD 37,676,000 from SGD 37,422,000, showing a slight increase in shareholder value[12] - The group’s total equity as of December 31, 2023, was SGD 37,676,000, an increase from SGD 35,080,000 a year earlier[14] - Cash and cash equivalents increased significantly to SGD 38,293,000 from SGD 22,913,000, indicating improved liquidity[11] - The cash and cash equivalents at the end of the period rose to SGD 38,293,000, compared to SGD 24,781,000 at the end of December 2022, reflecting a 54.4% increase[17] Cash Flow and Financing - The group’s cash flow from operating activities increased to SGD 15,888,000, up from SGD 12,657,000 in the previous year, marking a 25.5% growth[15] - The financing activities resulted in a net cash outflow of SGD 658,000, an improvement from SGD 862,000 in the previous year[17] - The group’s financing costs decreased to SGD 56,000 from SGD 72,000, a reduction of 22.2%[39] - The debt-to-equity ratio as of December 31, 2023, was approximately 7.4%, down from approximately 9.1% as of June 30, 2023[82] Market and Operational Insights - The company is focusing on expanding its market presence and enhancing its operational efficiency through strategic initiatives[9] - The expected overall construction demand in Singapore for 2024 is projected to be between SGD 32 billion and SGD 38 billion, with public sector demand accounting for about 55%[68] - The company plans to maintain its focus on becoming a leading contractor in both public and private sector construction projects, emphasizing investment in workforce and new construction technologies[69] - The construction demand in Singapore is expected to continue growing, with annual demand projected between SGD 31 billion and SGD 38 billion from 2025 to 2028[93] Shareholder and Governance - Kwan Mei Kam and Tay Yen Hua each hold 600 million shares, representing 75% ownership in the company[103] - The company has established a non-competition agreement to prevent potential competition with its controlling shareholders[111] - All directors confirmed compliance with the trading rules for securities as of December 31, 2023, with no non-compliance incidents reported[115] - The company has fully complied with the corporate governance code during the six-month period ending December 31, 2023, except for the specific provision C.2.1[127] - The company has appointed Kwan Mei Kam as both Chairman and CEO, which the board believes aids effective management and business development[128] Stock Options and Employee Incentives - The stock option plan was adopted conditionally on December 17, 2019, aiming to reward employees, directors, and selected participants for their contributions[116] - The total number of shares that can be issued under the stock option plan, including exercised and unexercised options, shall not exceed 1% of the company's issued share capital within any 12-month period[118] - The maximum number of shares that can be issued upon the exercise of options granted under the stock option plan is capped at 80,000,000 shares, representing 10% of the total issued shares[119] - No stock options have been granted since the adoption of the stock option plan, and there are no unexercised options as of December 31, 2023[124] - The company has not been able to issue any shares under the stock option plan as of December 31, 2023, due to the absence of granted options[125]

Financial Performance - Revenue for the six months ended December 31, 2023, was SGD 64,653,000, representing a 20.8% increase from SGD 53,595,000 in the same period of 2022[2] - Gross profit for the same period was SGD 3,143,000, up from SGD 2,967,000, indicating a gross margin improvement[2] - The company reported a pre-tax profit of SGD 212,000, which is a 69.6% increase compared to SGD 125,000 in the prior year[2] - The total comprehensive income for the period was SGD 254,000, compared to SGD 65,000 in the same period last year[11] - Basic and diluted earnings per share increased to SGD 0.12 from SGD 0.03 year-on-year[11] - Other income for the same period was SGD 852,000, up 85.5% from SGD 459,000 in the previous year[32] - Pre-tax profit for the six months ended December 31, 2023, was SGD 1,485,000, compared to SGD 1,624,000 for the same period in 2022, reflecting a decrease of 8.6%[36] - The group recorded a profit of approximately SGD 0.2 million for the six months ended December 31, 2023, compared to SGD 0.1 million for the same period in 2022[67] Assets and Liabilities - Total assets as of December 31, 2023, amounted to SGD 96,707,000, an increase from SGD 85,293,000 as of June 30, 2023[8] - Current assets increased to SGD 77,718,000 from SGD 65,649,000, reflecting a strong liquidity position[8] - The company's net asset value stood at SGD 37,676,000, slightly up from SGD 37,422,000[9] - The group’s total assets as of December 31, 2023, amounted to SGD 96,707,000, with total liabilities of SGD 59,031,000[26] - The total liabilities, including trade and other payables, reached SGD 43,829 thousand as of December 31, 2023, up from SGD 33,578 thousand as of June 30, 2023, marking an increase of approximately 30.5%[49] - The total current liabilities as of December 31, 2023, were approximately SGD 57.3 million, up from SGD 45.6 million as of June 30, 2023[69] Cash Flow and Liquidity - The company maintained a strong cash position with cash and cash equivalents of SGD 38,293,000, up from SGD 22,913,000[8] - For the six months ended December 31, 2023, the operating cash flow before changes in working capital was SGD 311,000, a decrease of 67% from SGD 944,000 in the same period of 2022[13] - The net cash generated from operating activities for the six months ended December 31, 2023, was SGD 15,888,000, an increase of 25% compared to SGD 12,657,000 in the previous year[13] - The cash and cash equivalents at the end of the period increased to SGD 38,293,000, up from SGD 24,781,000, representing a growth of 54.4%[15] Construction Segment Performance - The total revenue from external customers for the construction segment was SGD 64,341,000, contributing to a total revenue of SGD 64,653,000 for the group[26] - The construction costs for the six months ended December 31, 2023, were SGD 61,510,000, an increase of 21.5% from SGD 50,628,000 in the same period in 2022[36] - The construction segment's operating profit was SGD 256,000, while the enterprise segment reported an operating loss of SGD 346,000[26] Employee and Operational Metrics - The total employee count increased to 459 as of December 31, 2023, from 355 as of December 31, 2022[82] - Employee costs for the six months ended December 31, 2023, amounted to approximately SGD 6.3 million, up from SGD 5.2 million for the same period in 2022[82] Governance and Compliance - Kwan Mei Kam serves as both Chairman and CEO, with the board believing this dual role aids effective management and business development[89] - The Audit Committee, established on December 17, 2019, is chaired by independent non-executive director Pang Ting Wu, ensuring compliance with listing rules[92] - The interim consolidated financial statements for the six months ending December 31, 2023, were reviewed by the Audit Committee and deemed compliant with applicable accounting standards[93] Market Outlook - The total construction demand in Singapore for 2024 is expected to be between SGD 32 billion and SGD 38 billion, with public sector demand accounting for about 55%[58] - The private sector construction demand is projected to be between SGD 14 billion and SGD 17 billion for 2024, similar to the figures from 2023[60] - The Singapore government forecasts moderate inflation for 2024, with potential negative impacts from geopolitical instability and global economic downturns[78]