CSE Global Limited announced that it has secured three major contracts worth SGD 47.5 million in the United States of America and Singapore. Two of the major contracts relates to the provision of electrification solutions to design, manufacture and integrate power distribution centres and electrical systems and equipment in the United States of America, which is slated for execution from 2023 to 2025. The remaining major contract relates to the supply, installation, integration and maintenance of communication and security systems for the Singapore Government, which will commence from the second half of 2023 to 2034.

For the current financial year, 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. None of the directors or substantial shareholders of CSE Global has any interest, direct or indirect, in the contracts.