The Board of Directors of ISOTeam Ltd. announced that the Group has secured the following projects, which are worth approximately SGD 21.5 million in aggregate: (1) 2 Addition and Alteration (A&A) projects with a total contract value of approximately SGD 6.3 million, which are expected to be completed by July 2025. (2) Repair and Redecoration (R&R) projects with a total contract value of approximately SGD 11.7 million, which are expected to been completed by February 2025. This includes R&R works to: (a) 25 blocks of flats in the Kembangan-Chai Chee Division; and (b) 35 blocks of flats at the Jurong Central Division.

(3) Coating and Painting (C&P) projects with a total contract Value of approximately SGD 1.6 million, which are expected to being completed by March 2024. This includes works for an existing industrial development at Tuas as well as a tourist attraction in Mandai. (4) 1 Interior Design project with a contract value of approximately SGD 1.9 million, which is expected to be completed by May 2024.

The abovementioned contracts awarded are not expected to have a material impact on the earnings per share and net tangible assets per share of the Group for the financial year ending 30 June 2024.