5 Ministry of Trade and Industry, “MTI Upgrades GDP Growth Forecast to 2.0 to 4.0 Per Cent”, 10 February 2026. In FY2025, our upskilling, reskilling and self-improvement programmes included support for our senior engineers and managers in the form of sponsorship for their master’s degree programmes. Our assistant project manager, Ms Michelle Leu successfully graduated with a master’s degree in international construction management from Nanyang Technological University in August 2025. We continued our Institute of Technical Education (ITE) sponsorship, supporting ITE’s Work-Learn Technical Diploma programme. We are going to provide career development training for another ITE trainee under the Work-Learn Technical Diploma programme for the academic year starting April 2026. The beneficiaries of our charitable donations in FY2025 were Singapore Children’s Society, Singapore Island Country Club May Day Charity, NuSkin Force for Good Foundation and Its Raining Raincoats Ltd. Among our various sustainability programmes, energy use due to the nature of our industry remains one area of focus. The Group continues to prioritise the use of renewable energy sources instead of non-renewable sources where feasible to preserve the environment, reduce production and operating costs, and meet compliance standards. We incorporate, where possible, green-label appliances and energy-efficient light fittings to reduce energy consumption and emissions. The solar panels installed on the rooftop of our Chin Bee factory remain in operation and continue to generate low carbon energy for factory use, with the potential to channel excess solar energy to the electrical grid where applicable. The Group also utilises solar energy to power noise meters and traffic warning signs. To preserve the pristine and natural beauty of the Maldives and to counter damage to corals to tourist activities, the Group continues to impose rules on boat operators on the island such as anchoring, boat operation, boat sewage, and garbage disposal. Strict rules have also been placed surrounding activities such as fishing, marine wildlife viewing, snorkelling and scuba diving. We continued to maintain the corals at our corals nursery and those transplanted to Ocean Villas and Underwater Villas. OUTLOOK FOR 2026 The Ministry of Trade and Industry has forecasted that Singapore’s GDP growth is projected to be around 2.0 to 4.0 percent in 2026, given Singapore’s economy had performed better than anticipated in 2025. The global economy has outperformed expectations with most major economies registering stronger than anticipated growth in the fourth quarter of 2025. Nevertheless, downside risks are present such as a renewed escalation in tariff actions and geopolitical tensions5. Despite these factors, we remain optimistic for the year ahead. We have turned in a commendable performance in FY2025 and we aim to build on this momentum to achieve higher levels of growth and to also look for ways to diversify our business. With a tried and tested strategy of financial prudence, coupled with productivity improvement and technological investment, we are confident of continued and sustainable success. ANNUAL REPORT 2025 KEONG HONG HOLDINGS LIMITED 15 FINANCIAL AND OPERATIONS REVIEW
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