CSE Global Limited announced that it has secured two major contracts worth USD 110.2 million (approximately SGD 150.6 million) in the United States of America. Both contracts are for the design and manufacturing of power distribution centres, as well as the integration of complex electrical and control systems and equipment in the USA, which are slated for execution between 2024 and 2025. 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.