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Kwan Yong Holdings Limited (the “Company”), through its wholly-owned subsidiary Kwan Yong Construction Pte Ltd, has been awarded a construction contract by Singapore’s Ministry of Health with an approximate contract sum of SGD56.5 million. The project involves the development of a nursing home located at Bukit Purmei Avenue in Singapore, and construction work is scheduled to begin in December 2025.

According to the announcement, the contract sum includes contingent and provisional amounts that may or may not materialize, indicating that actual revenue could match, exceed, or fall short of the projected figure. The award is expected to have no material impact on the Company’s net tangible assets or earnings per share for the financial year ending June 30, 2026.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of Kwan Yong Holdings Limited.