King Wan Corporation Limited has secured the following new mechanical and electrical (M&E) contracts worth approximately SGD 14.6 million during the period between April to September 2023: Supply labour, materials, tools and equipment for installation of plumbing & sanitary works for the proposed new erection of public housing development (Total: 926 units) at Ang Mo Kio Central 2 & 3; and Supply and installation of sanitary, plumbing, gas, rainwater, dry/wet riser, and fire hosereel for the proposed new erection of public housing development (Total: 996 units) at Queensway Contract 2. Pursuant to the Contracts, these projects are scheduled to be completed in 2028. 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 2024.