On 2 February 2026, an indirect wholly-owned subsidiary of Solis Holdings Limited (Stock Code: 2227), Sing Moh Electrical Engineering Pte Ltd (the Vendor), granted an option to Straits Teamwork Pte Ltd (the Purchaser). Under this agreement, the Purchaser may acquire a property situated at 450 Tagore Industrial Avenue, Singapore, for a total consideration of S$21,000,000, subject to the Purchaser exercising the option.

According to the announcement, the highest applicable percentage ratio in connection with the transaction exceeds 25% but remains below 75%, classifying it as a major transaction under the Listing Rules. Shareholder approval for the transaction has been obtained in writing from a party holding approximately 60.33% of the total issued shares, thus no general meeting will be convened.

If the Purchaser exercises the option, the aggregate S$21,000,000 consideration will be paid in multiple stages, with S$210,000 remitted upon granting of the option, S$840,000 upon exercise, and the remaining balance upon completion scheduled for 31 March 2027. The carrying value of the property as of 31 December 2025 stood at approximately S$14,500,000, resulting in an expected unaudited gain of around S$6,500,000. The net proceeds of about S$6,450,000 are intended for general working capital purposes.

The transaction remains conditional upon the Purchaser exercising the option. A circular containing further details and additional required information will be dispatched on or before 26 February 2026.