Annual Reports and Related Documents::

PUSHING THROUGH ADVERSITY

TEHO INTERNATIONAL INC LTD.

ANNUAL REPORT 2021

ABOUT TEHO GROUP

The TEHO Group - Multi-faceted Solutions Provider for the Marine & Offshore and Real Estate Industries

Since our establishment in 1986, TEHO Group has grown from a small, domestic rigging and mooring company to an international marine and offshore solutions provider, and a real estate developer.

As a rigging and mooring company, our focus on customer service and continuous product and staff development generated significant growth and financial stability, and led to our listing on the Singapore Exchange in 2009 as TEHO International Inc Ltd.

Since then, reflecting a commitment to deliver greater value for our stakeholders, we acquired what are now known as TEHO Engineering Pte. Ltd. and TEHO Water & Envirotec Pte. Ltd. respectively, to supply innovative products for the Marine & Offshore Industry. At the same time, we expanded our global reach of the Group's established rope and mooring business to Europe, the Americas, China, Korea and the Middle East, through wholly-owned subsidiaries and local partnerships.

In 2014, the Group diversified its business segments into the real estate business. We now operate in the areas of property development and consultancy primarily in Singapore.

We remain committed to grow our market share and global presence in our current business segments, as well as to seek opportunities in new fields.

This Annual Report has been prepared by the Company and its contents have been reviewed by the Company's Sponsor, SAC Capital Private Limited (the "Sponsor").

This Annual Report has not been examined or approved by the Singapore Exchange Securities Trading Limited (the "SGX-ST") and the SGX-ST assumes no responsibility for the contents of this Annual Report, including the correctness of any of the statements or opinions made or reports contained in this Annual Report.

The contact person for the Sponsor is Mr David Yeong (Tel: [phone]) at 1 Robinson Road, #21-00 AIA Tower, Singapore 048542.

TEHO INTERNATIONAL INC LTD | ANNUAL REPORT 2021

1

CONTENTS

03	05	06	09	10
CORPORATE	DISTRIBUTION	CHAIRMAN'S	BOARD OF	EXECUTIVE
PROFILE	NETWORK	STATEMENT	DIRECTORS	OFFICERS

11	12	13	15	20
MANAGEMENT	GROUP	GROUP	OPERATIONS	FINANCIAL
TEAM	MANAGEMENT	STRUCTURE	& BUSINESS	HIGHLIGHTS
	STRUCTURE		REVIEW

21 21 22 23

MAJOR	MAJOR PROPERTIES	CORPORATE	CORPORATE
PROPERTIES	FOR DEVELOPMENT	INFORMATION	DIRECTORY
	AND/OR SALE

2	TEHO INTERNATIONAL INC LTD | ANNUAL REPORT 2021

YEARS

experience of fulfilling mooring and rigging needs

Thriving During Challenging Times

In these unprecedented times, we have found the fortitude to push through and fight on. We have the strength of our people, our technology, and our strong history to back us up and propel us to even greater heights. We never give up; we just get stronger and move forward.

1978	1986	1999	2004	2005	2008
• Founded Teck	• Established TEHO	• Acquired 7,000 m2	• Established	• Acquired 11,000 m2	• Incorporated TEHO
Hoe & Company	Ropes & Supplies	warehouse	logistics points in	warehouse	International (USA),
(Private)	Pte. Ltd.		Sharjah, Antwerp		LLC
Limited	• Acquired 4,000 m2		and Houston
	warehouse

TEHO INTERNATIONAL INC LTD | ANNUAL REPORT 2021

3

CORPORATE PROFILE

MARINE & OFFSHORE

Rigging, Mooring, Lifting & Safety Systems

• TEHO Ropes & Supplies Pte. Ltd. ("TEHO Ropes Singapore")
• TEHO International (USA), LLC ("TEHO Ropes USA")
• TEHO EuROPE B.V. ("TEHO Ropes Europe")
• TEHO (Shanghai) Co., Ltd ("TEHO Ropes China")
• TEHO Ropes Korea Co., Ltd. ("TEHO Ropes Korea")

Collectively known as "TEHO Ropes"

For over three decades, TEHO Ropes has been fulfilling the mooring and rigging needs of the Marine & Offshore and construction industries in various geographical regions. The regions/countries covered are as follows:

TEHO Ropes Singapore Southeast Asia

TEHO Ropes Europe	EMEA and India
TEHO Ropes USA	The Americas
TEHO Ropes China	China
TEHO Ropes Korea	South Korea
	and Japan

With these five subsidiaries, the Group is able to fulfill the mooring and rigging needs in the respective regions with our robust inventory of ropes, chains, synthetic slings and related fittings, and to ensure a quick turnaround time for our customers around the globe. Equipped with the technical expertise and knowledge of the latest industry regulations, the TEHO brand is also backed by numerous awards and certifications. TEHO has become a name that is synonymous with quality and reliability.

The Group's inventory locations around the globe enable the Group to cater to the needs of its customers, with the same quality products and exceptional services which is the hallmark of the TEHO brand. The offices in the respective regions also facilitate the Group's sales and marketing activities, and function as the sourcing and logistical arm for supplying vessels at the ports in the area.

Electrical & Mechanical Engineering Systems TEHO Engineering Pte. Ltd. ("TEHO Engineering") TEHO Engineering specialises in electrical and mechanical engineering systems and solutions. We target our growing range of products and services towards safety and its assurance, compliance and cost efficiency according to clients' specifications.

Our range of products and services include HVAC (Heating, Ventilation and Air Conditioning), Blast