Business summary

SHIS Limited has over 10 years of experience in providing maintenance services for Singaporean contractors and various building systems, while the Group mainly (i) provides integrated building services in Singapore, focusing on the maintenance and installation of mechanical and electrical (mechatronic) systems, including minor maintenance and repair works; and (ii) provides building and construction engineering services in Singapore; in addition, the Group's customers include (i) Singapore government agencies, such as government departments that manage education institutions, national parks, social welfare, etc.; and (ii) Singapore Private Organisations , such as engaging in supermarket management, property development, or construction and engineering organizations.

Competitive advantage

Has a solid track record of providing integrated building services to Singapore government agencies

Experienced and dedicated management under the leadership of an executive director

Supported by a management team and an experienced team of managers

Continuously provide reliable and timely services to customers

Risk Factors

Most of the revenue comes from cooperation granted by the Singapore Government Agency

Approximately, the Singapore Government's expenditure on integrated building services

Any significant reduction in levels could be significant for the Group

adverse effects

Failure to renew or revoke or register the Group's existing permits and registrations may have a significant impact on the organization of operations and financial performance

Any significant cost overrun may have a significant adverse impact on the Group's business operations and financial performance

Use of proceeds

Approximately 57.8% was used to expand the scale of operations and undertake more integrated building service projects in Singapore

Approximately 32.3% was used to expand internal capacity and reduce water supply and sanitation works, electrical engineering and air conditioning works

Use fewer subcontractors

Approximately 9.9% is used as general working capital