CSE Global Limited announced that it has secured two major contracts worth USD 20.8 million (approximately SGD 27.7 million) in the United States of America (?USA?). The first major contract is for the design, engineering and supply of power distribution centres for manufacturing fabs in the USA, which are slated for execution between 2024 and 2025. The second major contract relates to the design, engineering, procurement and installation of environmental systems and equipment in the USA which is expected to be progressively executed and delivered by 2027.

These contracts are not expected to have any material impact on the consolidated net tangible assets per share or earnings per share of the Group for the current financial year. None of the directors or substantial shareholders of CSE Global has any interest, direct or indirect, in the contracts.