Reported Earnings • Aug 17
First half 2026 earnings released: EPS: S$0.024 (vs S$0.024 in 1H 2025) First half 2026 results: EPS: S$0.024 (in line with 1H 2025). Revenue: S$128.6m (down 1.7% from 1H 2025). Net income: S$2.09m (down 1.3% from 1H 2025). Profit margin: 1.6% (in line with 1H 2025). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 4.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.4x net interest cover). Earnings have declined by 4.9% per year over the past 5 years. Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (S$24.4m market cap, or US$19.1m). Announcement • Jul 21
Tye Soon Limited Announces Appointment of Lee Ven How as Finance Director, Effective September 1, 2026 Tye Soon Limited appointed Lee Ven How as Finance Director, effective September 1, 2026. The Board has noted that Mr. Lee Ven How ("Mr. Lee") had been engaged by the Company since July 2025 to provide consultancy services in relation to enhancing certain finance functions for the group. The Board, with the concurrence of the Nomination and Remuneration Committee, having regard to Mr. Lee Ven How's prior engagement and familiarity with the Company's operations and his qualifications, relevant working experience and other attributes, has considered Mr. Lee to be appropriate for appointment as the Finance Director of the Company. Following the recommendation of the Nomination and Remuneration Committee, the Board approved the appointment of Mr. Lee Ven How as the Finance Director of the Company. He will be responsible for the overall financial functions of the Group. Working Experience: May 2015 to May 2025: Deloitte & Touche LLP, Singapore (Audit Partner). Other Directorships Past: May 2020 to May 2025: Deloitte & Touche LLP, Singapore (Audit Partner). Other Directorships Present: July 2025 to Present: Tye Soon Limited (Consultancy work). Professional Qualification: 1. Bachelor of Accountancy (minor in Banking and Finance), Second Class Honors from Nanyang Technological University, Singapore (1995-1998) 2. Chartered Accountant ("CA"), Institute of Certified Public Accountants, Singapore (2001). 
