Springview Enters Singapore Building Materials Market With Exclusive Hardwood Distribution Deal

Springview Holdings Ltd (NASDAQ:SPHL) ("Springview" or the "Company") today announced that its wholly owned operating subsidiary in Singapore, Springview Enterprises Pte. Ltd., has entered into an exclusive distribution agreement for the Singapore market with Future Faith Pte. Ltd. ("Future Faith").

Pursuant to the agreement, Springview Enterprises Pte. Ltd. will act as Future Faith's exclusive distributor in Singapore for designated premium hardwood and sawn timber products. The arrangement covers marketing, sales and customer development activities within Singapore and is intended to support Springview's entry into the local building materials market.

Future Faith is a Singapore-based timber trading company principally engaged in the trading of premium African hardwood logs sourced from government-authorized concession areas in the Democratic Republic of the Congo ("DRC"), as well as European Ash sawn timber sourced from established third-party processors in Vietnam. In recent periods, Future Faith expanded its product portfolio to include sawn timber products, enabling access to markets where processed timber is preferred.

Future Faith serves customers across Mainland China, Hong Kong, Vietnam, Japan and Dubai, with a customer base comprising log traders, wood-processing companies, manufacturers and trading entities. Its operations emphasize supplier collaboration, product traceability and flexible logistics arrangements.

Strategic Rationale

Springview believes that entering the building materials segment through a distribution model allows the Company to capture higher-margin opportunities and build more stable and recurring revenue streams, while leveraging its existing construction expertise and established customer relationships in Singapore.

Premium hardwood products are in strong demand for landed residential properties in Singapore, and the Company believes this segment has the potential to scale regionally over time as customer demand and sourcing capabilities expand. The distribution arrangement provides Springview with an asset-light entry into the building materials value chain without requiring upfront capital investment in manufacturing or forestry assets.

"This agreement allows us to extend our participation along the construction value chain in a disciplined and commercially focused manner," said Zhuo Wang, Chief Executive Officer of Springview Holdings Ltd. "By leveraging our on-the-ground execution capabilities and customer base in Singapore, we believe this partnership positions us to capture attractive opportunities in the premium building materials segment."

The agreement does not involve any acquisition of equity interest in Future Faith and does not require Springview to make any upfront acquisition payment.