Name

Background

Effective ownership

MWE Holdings Limited (“MWE Holdings”)

British Virgin Islands company Incorporated on June 15, 2022 Issued and outstanding 1,000 ordinary shares for US$1,000 Investment holding Provision of investment holding

100% owned by MWH

Multi Ways Equipment Pte Ltd (“Multi Ways SG”)

Singaporean company Incorporated on August 22, 2002 Issued and outstanding 11,462,427 ordinary shares for S$11,462,427 Wholesale and retail trading and renting of industrial machinery and equipment

100% owned by MWE Holdings