JCSE Overview

Appointment of Board Members: At the Annual General Meeting (AGM) held on November 18, 2025, JE Cleantech Holdings Limited approved the appointment of several board members, including Hong Bee Yin and Long Jia Kwang as Executive Directors, and Karmjit Singh, Tay Jingyan Gerald, and Khoo Su Nee Joanne as Independent Non-Executive Directors.

Share Capital Re-designation: The AGM also saw the approval of a special resolution for the re-designation and reclassification of the company's share capital, introducing a dual-class share structure with Class A and Class B ordinary shares, along with the adoption of a new Memorandum and Articles of Association.

Ratification of Accounting Firm: Members ratified the appointment of WWC, P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

Company Overview: JE Cleantech Holdings Limited specializes in the sale of cleaning systems and centralized dishwashing services, primarily serving customers in Singapore and Malaysia, with a focus on precision cleaning technologies.

Financial Performance: JE Cleantech Holdings Ltd reported a revenue increase to S$19.3 million for the financial year 2024, with net income of S$0.03 million and adjusted EBITDA of S$2.2 million, driven by higher sales in precision cleaning systems despite softer demand in other areas.

Business Segments: The company’s cleaning systems segment generated S$12.0 million in revenue, while centralized dishwashing services saw an increase to S$7.3 million, contributing to a gross profit margin rise to 26.9% compared to the previous year.

Faraday Future's Stock Performance: Shares of Faraday Future Intelligent Electric Inc. rose 6% to $1.24 in pre-market trading following the announcement of a second pre-order for 300 FX Super One MPVs from Sky Horse Auto.

Market Movements: Several stocks experienced significant changes in pre-market trading, with NuCana plc rising 158% and Impact BioMedical Inc. falling 24.1%, reflecting a volatile market environment.

Share Offering: JE Cleantech Holdings has filed to sell 800,000 ordinary shares for existing holders.

Prospectus Note: The filing serves as a prospectus and is not an offer to sell the shares.

Vision Marine Technologies Surge: Vision Marine Technologies Inc. shares rose 34.3% to $2.96 in pre-market trading following a production partnership announcement with Massimo Marine for an electric pontoon platform.

Pre-Market Stock Movements: Several stocks experienced significant fluctuations in pre-market trading, with Eshallgo Inc. gaining 88% and Trident Digital Tech Holdings Ltd. falling 20.8%.