King Wan Corporation Limited announced that it has secured a new mechanical and electrical (M&E) contract worth approximately SGD 26.9 million for the supply, installation & commissioning of air conditioning and mechanical ventilation services for the proposed additions and alterations to Grand Hyatt Hotel Singapore (the Contract). Pursuant to the Contract, the project is scheduled to be completed in 2023. The Contract is not expected to have any significant impact on the earnings per share or net tangible assets per share of the Group for the financial year ending 31 March 2022.