Kim Heng Offshore & Marine Holdings Limited announced the successful completion of a Marine Civil Engineering contract valued at approximately SGD 3.5 million awarded by a well-established customer in first quarter of 2019. With the group's strong project management capabilities, the contract was completed and delivered within the set timeline. Barring unforeseen circumstances, the Group is optimistic of obtaining more contracts from the customer in the near future. Currently, the Group is looking at new strategies and alternative businesses to complement the O&G sector and to expand its value chain into offshore renewable energy projects. The group will continue to build a resilient business across South East Asia. The abovementioned project is expected to contribute positively to the group's earnings per share and net tangible asset for the financial year ending 31 December 2019. None of the Directors or controlling shareholders of the Company or any of their respective associates has any interest, direct or indirect, in the abovementioned transaction, save for their shareholdings in the company.