Forward Message from our Management We had the vision of a very traditional and very efficient interior renovation contractor. A very stylish and solid choice for designers and architects perhaps. We had worked very hard over the years to achieve where we are today. Over the past 12 years we have had good memories when we completed a project and being praised by the client and consultants on a job well done. We have never felt disappointed on the missed opportunities labeling us being not qualified enough especially in the early years. The required qualification and size of our organization would be difficult to achieve without the support of everyone at the management down to the general workers. Without that we have no chance at all. What has changed then? We have always tried to respect the values of the work we do and appreciate the trust people placed on us. It was like that when we first arrived in this industry in the late 90’s but afterwards we have tried to adapt to the new requirement in today’s expectant of a professional interior contractor. That means there is more of a need for professional management and we have been opened to these influences from the industry. We have become more comprehensive and more detail in our approach to the project. But we try to keep that way of believing in our strength to integrate the professional approach that is needed for the trade of today." Over the years we have had many surprises but perhaps the biggest one is we did not know how big the potential is for our office and the management team. That was shown when we were tested to our limits in completing a corporate office including demolition of a 10,000sqft space in 3 weeks. The next big challenge is the completion of a 15 floors office space in 10 weeks time frame. That was when you realized how big the potential was at this office and our people. That was our

biggest satisfaction。

Has it changed us? Certainly. How? First of all we have worked very hard in the last 10 years. I must say we feel much more mature than when we just started. Our clients have helped us mature faster because of the huge responsibility that we have. It also strengthened our belief in what is important and expected on the delivery of the project to the client. We could check our beliefs because the client gave us that kind of trust. That is important in the reputation of an established interior contractor.

Our Philosophy and Testimonial We view every project as opportunity to establish a long-term relationship with our clients, to achieve results responsive to their essential operations. We truly care for our client in responsive and knowledgeable about their expectation, technical requirements for the operations, and establish high quality and consistent works. We listen and respond effectively and have always valued this in the relationship. Taking a leading role in the management of the construction and understand the technical requirements to coordinate critical construction work with all trades and vendors. We focus on the implementation process through the active involvement of experienced personnel and hands-on participation of Yongway’s directors in all projects. Continuously overcome obstacles and aggressively expand in operations. Ensuring adequate and experienced workforce in every phase of the project. Continually investing in staff training and equipment to employ the latest technology. Moving into the 21st century, we pledge to double our efforts in maintaining our good tradition of customer satisfaction through determination and perseverance.

Our Group Structure

Name Position Held Working Experience

Lindda Tan TB Lim Casey Tan Goh Chia Hooi Gerard Tan May Thin Zar Han Zhang Ru Yi Philip Khoo Melvin Tan Isaac Neo Jeremy Khoo Sam Chong Florence Lee Bensen Zhang Yang Yue Xin Aye Thazin Min Mimi Nay Win Munsur In-House Workers

Founder/ Director Founder/ Director Founder/ Director Founder/ Director Founder/ Director Snr. Contract Q.S. Contract Q.S. Snr. Project Manager Snr. Project Manager Project Manager Project Manager Factory Manager Purchaser Autocad Draftsman Autocad Draftsman Accounts Executive Accounts Executive Factory Storeman 75 persons

15 years in interior renovation and builder works. Financial Control. 28 years in interior Construction and renovation works. 25 years in interior renovation works. Contract Control. 28 years experience in renovation works. Production Operations. 23 years in interior renovation works. Project 15 years in interior Contract. 2 years in interior Contract. 13 years in interior renovation works, 13 years in interior renovation works. 8 years in interior renovation works. 7 years in interior design and renovation works. 15 years in production and renovation works. 6 years in ID procurement and purchasing. 4 years in interior design works. 6 years in interior design works. 6 years experience in Receivable department 5 years experience in Payable department. 8 years experience in store and logistic maintenance. Charge hand, Carpenters, Varnishers, Site Installer, General Workers etc.

Our Mission:

To be the leading interior renovation contractor in the industry offering unsurpassed quality and services for all projects. Our Commitment: We pledge and are committed to deliver every project on time, with quality assured to the satisfaction of the client and the end user. Our History: Yongway was established in 1998 as a full fledge interior renovation specialist dealing in servicing interior contracts and custom made furniture. Through the years, the company has since transformed into one of the leading choice contractors for designers, and government institutions. Till date, we have projects done for banks, institutions, F & B establishments, corporate offices, hospital and health care centers, hotel/service apartments and residential projects. Since the inception 10 years ago, Yongway have been working in successful partnership with clients handling both simple and complex projects of a diverse nature. Growing from strength to strength, we take pride with every job that we have completed. Nevertheless, we are always striving to achieve better client satisfaction and maintain our high standard of work. Yongway have been viewed as reliable, safe and efficient. But it is now actually evolved to become exciting, dynamic and stylish. We achieve this by fostering “higher value-added work” and enriched by the commitment and effort from top management and staff. Following the adage of forms follow function, or rather supply and demand. Our approach has been on “continuity”. The name of the game is “long haul” rather than “job hop”. Therefore our direction is to build long term working relationship with all businesses. We are also fostering “soft skills” such as communication skills and engaging in-house training for our people to serve our clients better. We would be most happy to work with any party to advance our standard of professionalism and services. We have registered as BCA CR-06 L5 & ME-05 L2 and are also certified in the latest ISO 9001:2008 Quality Management System. We take pride in our work. We are committed to systematic approach and believe in partnership with our clients for the success of every project.

SELECTED PROJECT REFERENCES OFFICES CNBC ASIA ACCENTURE (ANDERSON CONSULTING) DOW JONES OOCL COMPAQ COMPUTER TAT LEE GROUP MKI-WORLDCOM SINGAPORE MANAGEMENT UNIVERSITY STATE STREET BANK CISCO SYSTEM JOS ONE SOLUTION FEDERAL EXPRESS UNITED OVERSEAS BANK HSBC USA ESSO DBS RGM INTERNATIONAL EXXON MOBILE ASIA PACIFIC SCHRODER INVESTMENT AT & T DHL INTERNATIONAL INTERNATIONAL BEARING VIRGIN MOBILE NATIONAL SCIENCE & TECHNOLOGY BOARD PHILIPS SECURITY MERCK SHARP & DOHME HEWLETT-PACKARD ST MICROELECTRONICS SINGAPORE LAND TOWER MARITIME PORT AUTORITY OF SINGAPORE PEOPLE’S ASSOCIATION HQ VOLKSWAGON AUTOCENTRE A*STAR BIOPOLIS DUNLOP AEROSPACE BANKING OFFICE / BRANCH HSBC BANK POSB BANK LBBW BANK HANG SENG BANK NEDCOR BANK UOB BANK DBS PRIORITY BANKING MAY BANK BANK OF CHINA EMIRATES BANK OCBC BANK ISLAMIC BANK OF ASIA MUNICH BANK QATAR NATIONAL BANK ENTERTAINMENT / HOSPITALITY CATHAY BOWL (YISHUN SAFRA) CHANGI AIRPORT RECREATION CLUB SHIMA RESTAURANT KIMAGE HAIR SALOON HERMES BOUTIQUE KOSMA FOODCOURT (BISHAN) NIHON BASHI RESTAURANT BOOL BOOKSHOP SPANS-JOM BOWLING CENTER SUSHI DON RESTAURANT ROGUES RESTAURANT DOWNTOWN EAST JACKPORT AMERICAN CLUB CHIJMES HOSPITAL/MEDICAL CARE NATIONAL UNIVERSITY HOSPITAL THOMSIN MEDICAL HOSPITAL PFIZER ASIA PACIFIC CLINICAL CENTRE SINGAPORE NATIONAL SKIN CENTRE SINGAPORE NATIONAL EYE CENTRE AMERICAN CLUB SPA OTHERS/SPECIAL PROJECT MDIS TRAINING CENTRE SINGAPORE SUBORDINATE COURT PENG KWEE WATCH SHOP CHRISTIAN DIOR NATIONAL TECNOLOGICAL UIVERSITY PERFORMANCE MOTOR (BMW) SENGKANG COMMUNITY LIBRARY BORNEO MOTOR SHOWROOM (TOYOTA) QUEENSTOWN COMMUNITY LIBRARY MHA-3Hi RESOURCE CENTRE GALLAHER TOBACCO COMPANY NUS CULTURAL CENTRE SAFRA @ TELOK BLANGAH RESORT DOWNTOWN EAST SCDF @ BUKIT BATOK AEC SCHOOL FUNAN IT MALL CHARTERED SEMICONDUCTOR

Professional Management Skill Modern and pro-active project management practices are the key to our success in achieving customer satisfaction. All the directors and project managers are professionally qualified in this field and through years of experience both in interior renovation and builders work. We also provide value-added services by freeing the clients from the hassles of nitty-gritty’s. Yongway is willing to take over the functions of shop drawings, purchasing & procurement, project coordination and day-to-day site supervision. Yongway also have its experienced purchasing staff to work hand in hand with client in sourcing for specific/alternative products when required. This has been made possible with the good rapport built up with the suppliers enabling Yongway to secure competitive prices. With the various functional departments of project manager, senior site foremen, factory production, procurement & purchaser and the draftsmen working as an integrated team, Yongway can assure its client will have no less than full support in delivering a prompt and successful project.

The Main Contractor Skill Being a main contractor for any contract job, the success hinge mainly on the Management Control and Execution Knowledge. This is where Yongway’s see itself having an advantage comparing to other competitors. We believe and are committed to partnership for success. We emphasize on both the end user and the consultant/project manager as being our client. In this arrangement, we seek in the very early stages of the project to identify the needs of the clients. This has helped us in doing the right thing first time and minimizes corrective work. This will eventually contributed to the delivery of the project on time, within budget and attain standard of finishes required. Also, Yongway organization involves different departments and able managers to support the execution of the project. We have achieved good communication within our different department resulting in good working cohesion. Weekly, we have our own project update meeting for all parties to meet and for the management to help contribute to the smooth operations of the project. With this system Yongway’s client can be assured not only the end result is achieved but also smooth progress during the course of the renovation period. Yongway’s ability to act, as a main contractor is further reinforced in our close relationship with many suppliers and other sub-trades within this industry (such as glass, metal works, signage etc). This is especially important in today’s complex interior renovation works. We believe the right group always clicks together because they share the same vision and synergy in working together. Due to our history in working on corporate clients, we also have also worked with different group of contractors in different fields and this has expanded our knowledge.

Project Approach

Upon awarding the contract to Yongway, a Project Control Group comprises of key representatives from Client’s representative, consultants, building main contractor and vendors will be established.

The Project Control Group will meet daily at site to update and coordinate project related issues mainly on schedule, design, and cost. Yongway’s project director will chair this meeting.

A separate Weekly Project Meeting venue and time will be established. Yongway’s project team will respond to the client needs by:

Establishing the project team and the project director (project leader).

Allocate manpower resources and materials ordering for the project.

Establishing clearly defined methodology to carry out the project within the required time, cost and quality guidelines.

Detail study of both the construction documents and the site condition. Meeting with the consultants to go through the furniture construction details and process. This will minimize mistakes and abortive work and thus ensuring on time delivery for every phase and achieve required finishing standard.

Liaising with the building management for all submission documents required and purchasing of insurance.

Preparation of a master schedule including all trades and identify critical dates for monitoring the projects.

Preparation of site including protection work and setting up of site meeting area/office.

Preparation of samples and materials for client’s approval.

Coordinating all audio and visual cabling, furniture installation, fixing and assembly specifications with consultants and building main contractor.

Identifying and understanding client’s businesses so as to understand their specific needs and requirements.

Risk Management and Implementation Plan In project term, Risk Management primary concern is for the anticipation and prevention of mistake, corrective work and abortive work. The secondary concern is then the means of lessening the impact and putting corrective measures into perspectives. Other than the method stated below, Yongway would request the client to assign a permanent place for the whole duration of this project to house all meetings and records of documentations; in which we call it The Ops Room. This will be the central meeting place for control of security in worker access to the site and recording of daily progress at site. This will be one of the prerequisite we believe is necessary for the success implementation of the project. Yongway’s approach to this matter is as follows: A. Prior Site Work Preparation

Process needed in the preparation prior to the actual construction work at site. This process is most important, as it will qualify all the information necessary for the execution of site work. 1. Project Team Structure Establish a clear command path and working relations on all parties. This chart can be expanded when the other parties are appointed or added into the project. Purpose: To establish proper workflow and chain of command. Essential for all parties to understand and follow. 2. Work Flow Chart In relation to the above project team chart. The workflow chart will clearly indicate the working procedure and include all trades. Purpose: Same as above. 3. The Project Team Establish the project team and submit to the client. This list will complete with the contact numbers and job scope. All other trades will be included with their respective full time site personnel contacts. Purpose: Most useful for the end user or the department involving at that stage of work. Client will know who is involved and who to contact should the needs arise.

4. Furniture Inspection Test Plan All trades involved are required to submit the inspection test plan and method statement to the client/designer for approval. All submissions will be in a standard form. This process also involves the end user indicating all other request. Purpose: A detail form establishes the scope of work involved. Likely potential problems and bottleneck area can be established here. Also a good means to check all trades involved have pre-check all coordination work involved. B. Site Work Procedure and Method Statement

These are the process needed in the actual execution of the site work. 1. Proper taking and handling over of site. Establish the perimeters of working area and other services source. All trades are also required to check on existing and counter check with the construction/existing drawings is in order. Prepare site protection works and prepare actual site marking on the floor/wall/ceiling for the designer inspection and approval. These also include all trades. Also provide adequate signage and safety sign indicating exit passage and fire fighting equipment area. 2. Prepare site protection works and prepare actual site marking on the wall/floor/ceiling for the designer’s inspection and approval. These also include all trades and vendors. Also provide adequate signage and safety signage indicating exit passage and fire fighting equipment area. 3. Conduct safety briefing to workers at site daily and provide safety manual for reading. All workers will also be checked on putting proper working attire and safety gear (such as goggles and gloves). 4. All working equipment will be vet through to ensure it is in proper working order and comply with PSB and other safety regulations. All workers must be trained or qualified to operate on the intended equipment with proof (e.g. all wielding work person must have a proper wielding certificate). 5. Regular interval cleaning of site and clearing of debris. A clean site is a safe working place. Allocate proper place for storage of working materials and actual working area for preparation of materials. These can be allocated accordingly to the different trade. Proper protection to the protruding surfaces of unfinished work and discard unused materials off site.

C. PREVENTIVE AND MITIGATE PROCEDURE With the proper work process and method in-place above, and by properly and promptly executing the said systems, the risk involved will be kept to a minimum. However we have also put in a contingency plan for any unforeseen circumstances should it arises. 1. Team Systems and Role of Duty All the key designated position of staff assigned to this project will have a person standby (such as project manager, senior site foreman etc.). This is ideal if the key person falls sick or on leave with urgent matters. These also apply to all trades and their site workers. In the set up of Yongway, we have two project teams in which the project director monitors it. Each is headed by a senior project manager and with him is 3 assistant project manager or project executive. Therefore each team has 4 persons each, which is also supported by different site foreman and driver. Say team A and team B is running its own project and if a particular team faces a problem, the other team can be activated to help on the other team, both on site work and on logistics support. Also, in contrast to way other contractor company work, Yongway do not overload the project director/manager. The project director is the most important person in the success running of the project. Therefore his main duty is to forecast and plan for the work, and then disseminate the task out to the project executive and site foreman to carry out the plan/idea. In Yongway, the project director is supported by: Project secretary to assist in administrative support and paper work. Ensuring information is pass on to the project manager soonest possible. Purchaser to assist in ordering of materials and preparation of sample for submission. Also ensure that the driver deliver the materials to site on time. Factory Mgr to assist in the production of furniture and materials required at the site. Production Mgr to assist in the site installation work and liaise with the production manager in the preparation of materials. With all these support by Yongway’s management provided for the project manager, he will then able to concentrate what he does best, planning and forecasting the whole work.

2. Regular Weekly and Contractors Meeting Only on regular meeting will problems be able to be identified and resolved. Yongway have a proper means to conduct the meeting and iron out all issue and establish the critical path. It is also important for the designer, client and end user to attend this meeting. 3. Full Time and Committed Personnel This applies to all trade. There must be a proper person assigned to the job and will see to it from head to tail throughout the project. Yongway is committed in putting the necessary personnel required in the smooth running of the project. And also by assigning the same person for the same job, there will also be continuality especially to the client and the working relationship can only get better with better understanding in the client’s process. 4. Strong Support from Sub-trade and Suppliers This is one area Yongway’s management acknowledge in their contributing to the success our company. Maintaining a good relationship with the various suppliers and sub-laborers is of utmost important. In every trade Yongway have a list of suppliers to choose from (5 and above). We are not limited to just one or two who are willing to work with us. This is especially crucial in economy difficult times. This has also enabled us to have the confidence to take on jobs without the fear of not being able to complete in time. Yongway has also put in place a stringent procedure in evaluating our sub-contractors. These include their setup, financial situation, numbers of worker and their commitment on other jobs at the moment. On special jobs, we also check whether they are debarred from participating in the work (such as government job). Therefore when client engaged Yongway in executing their job, they can be assured of a good team working for the success of the project.

Our Production Commitment:

At Yongway, we take and value your needs as seriously as you do. From the smallest project to the largest, residential or commercial, we deliver the same professionalism, suitable manpower allocation, dedication and satisfaction throughout. We utilize the best materials from leading manufacturers and reliable sources. We also always maintain true to the specification and requirement of the design intent for the construction. Thus throughout these years we had developed into the preferred furniture and ID contractors for many of the most recognizable names in the industries we serve. Customer service before and after an installation has been a problem for this industry. Contractors may fail to provide detailed specifications for proposed work or, when a project is completed, it may be difficult to locate the contractor or have warranty repairs performed. From specifications to maintenance, we have staked our reputation on service that is unsurpassed. Yongway’s ability to achieve high standard and quality finished products is partially attributed to the sophisticated machinery that the company has invested in. However, the strength of its production lies in our workers. We have a pool of traditional fine craftsmen each specialized in specific skills in the various fields required to execute complex works. These craftsmen have been inculcated with the exacting standards of the typical project executed by us. At our disposal are teams of joiners, cabinetmakers, varnishers, upholsterers, glaziers, metal workers and many others. Being in-house, we are able to execute in the shortest time and have better control in the production workmanship. We also stressed the importance of site control. Our pools of skilled workers are deployed at site to monitor and execute the site installation. Our site foremen will be the connection between site condition/measurement and actual factory production. The site foremen will also be responsible for the site organization, mainly on the protection of site, storage of materials and site cleanliness for the completion of the project.

Production Capabilities Furniture production work has always been the cornerstone of Yongway’s success. From a humble beginning in 1998 occupying a 2,000sqft factory in Eunos, it has grown into a respectable factory production area of 15,000sqft. Mainly working as a sub-contractor for established Renovation Companies and Builders, we have delivered many satisfied customers in servicing interior contracts and custom made furniture for banks and institutions, F & B outlets, corporate offices, hospital and health care centers, hotel/service apartments and residential projects. Through the years, Yongway have also developed into a competent furniture main contractor for interior renovation work. This is evident in us achieving good working relationship and completed projects with building main contractors and clients alike. Our Services With support from our client, and in respect to the present market driving force and business trend, Yongway has extended the services to include specialize custom made furniture for: 1. Contract Furniture Works 2. Furniture Development for Client’s Project Our Quality Policy Providing furniture work services is nothing new. Comparing to our competitor, our key focus is in the setup and resources management. In short we provide our services in a professional manner with better quality control, ensuring our client receive best end product that meets their requirement. To practice what we preach, we provide not only adequate manpower but also people with the right skills and equipment for the work to be carried out successfully. These are also further enhanced with our extensive experience in handling different materials and finishes. The work is also being delegated and supported by our purchasing and outsourcing department, achieving economic of scale in bulk purchasing and priority for better raw material. Prior to production, our factory manager and in-house draftsman will scan through the drawings ensuring workability and attention to detail. This is a planned process in which we are most proud of achieving intended result and on time delivery.

Production Facilities Working Environment 15,000sqft factory production area including a 2,500sqft enclosed rooms for spray painting and varnishing work. Modernize factory production equipment to enhance quality and productivity. Factory Production Manpower 6 teams of furniture carpenter consisting about 3 or 4 person per team. 2 production teams for joinery and mill work consisting 4 persons. 3 teams of site carpenter consisting 4 persons 2 team of delivery each with a driver and 4 general workers 3 team of varnishes/spray paint worker for surface finishes consisting 6 persons * Our workers are either master or skilled level Singaporean or Malaysian PR Management Support Production Director - overall operations and development Factory Manager - heading the project from head to end and delegate work Production Head - monitoring the day-to-day production activity and quality control Purchaser/Secretary - purchasing and admin assistant Draftsman - development of furniture design and detailing work Back-up support is also provided by Yongway’s project team knowledge for implementation and execution of large scale/special project Project Approach 1. Quotation for the project based on drawings and spec received.

- establish project schedule, site condition, material availability and other requirements.

2. Upon award the contract, prepare sample board and develop construction detail. - preparation of finishing materials or mock-up for client/designer approval. 3. Run through construction detail with designer/client to confirm design intent. 4. Delegate work and brief to worker/production teams. 5. Ordering of materials, finishes and hardware for the project. 6. Arrange for site check and actual measurement for production work. 7. Feedback to designer/client and establish method for finishing and termination. 8. Production and assembly of carcass and base components. 9. Application of finishing material and hardware part. 10. Installation and assemble of furniture at site. 11. Touch-up and finishing work at site. 12. Handover inspection with relevant parties.

Production Project Team Structure

Main Contractor, Sub-Contractors and other Consultants

Client / End User

Yongway’s Project Team

Project Director

Contract Manager Construction Manager

Project secretary / Purchaser

Factory Manager Production Manager

Production Team 1

Production Team 2

Nominated supplier / vendors

Furniture Team 3

Furniture Team 4

Varnishing Team 2

Varnishing Team 1

Furniture Draftsman

Sub-contractor and other trades laborer

Supplier full time coordinator

Furniture Team 1

Furniture Team 2

Furniture Team 5

Furniture Team 6

Varnishing Team 3

Site Team 1

Site Team 2

Site Team 3

* site work coordination with building main contractor on partition/ceiling work

Overview of Electrical Engineering Department Our Electrical Engineering Department was preliminary set up 2 years ago as the in-house arm of Yongway to support the minor work on M & E side of the project work. This was achieved by buying up the management and team of a small M & E contractor that have been practicing for the past 25 years. Through the many projects that it had undertaken with Yongway, our EE had grown in strength and now able to handle small to medium size M & E project independently. EE have also grown to successfully working with other contractors and consultants alike engaged directly. Principal Activities We provide solutions, installation, maintenance and support services to the many diverse trade in our industry. These include electrical, ACMV, plumbing & sanitary, structure and phone cabling works. As our EE setup main strength is in electrical works, we have team up with other vendors as our associates for the other services. Our key role is in the management and control of the execution for the required work to be carried out smoothly and efficiently. The services activities include

Consultation,

Site survey,

Design,

Implementation,

Testing, commissioning and cut-over,

Handling over and documentation,

Provision of maintenance support services

LEW endorsement (EMA electrician license) Our Goal

We aim to be a one-stop service provider in M & E works for commercial office and public spaces. We intend to enhance and cultivate new business opportunities with our professional services rendered to our client and be well known within our industry.

We intend to continue the development and expansion of our existing operations and establishment, in recruiting able professional in the field.

To extend and increase our range of services for our client in our target of being one of the premier choice as a one-stop provider.

Identify and pursuing new business opportunities relating to our core business.

EE Project Team Structure & Site Organisation Chart

Client/End User Designer/Consultant

Building Management / Landlord

Client

Yongway’s EE Project Team

Project Director

Contract Manager

Project secretary / Purchaser

Assistant Project Engineer

Installation Team 1

Nominated supplier / vendors

M & E Draftsman

Sub-contractor and other trades laborer

Supplier full time coordinator

Installation Team 2

Installation Team 3

Site Charge Hand