Springview Holdings Ltd. Forms Strategic Partnership with Jiangsu GSO New Energy Technology Co., Ltd.

Details of the Strategic Collaboration

Springview's wholly owned subsidiary in Singapore, Springview Enterprises Pte. Ltd., has signed a memorandum of understanding with Jiangsu GSO New Energy Technology Co., Ltd. This collaboration seeks to integrate innovative solar and energy-efficient technologies into Springview’s residential properties.

Key elements of the partnership include:

• Integration of rooftop solar photovoltaic systems and related energy technologies.
• Provision of product solutions, technical expertise, and engineering support from GSO.
• Springview will oversee project delivery, regulatory coordination, and homeowner engagement in Singapore.

Supporting Sustainable Residential Living

This strategic alliance emphasizes Springview's commitment to sustainability and the enhancement of residential property values. The partnership aligns with Singapore's ongoing sustainability and carbon-reduction initiatives, focusing on renewable energy adoption.

Residential rooftop solar is becoming increasingly acknowledged as a viable solution for:

• Supporting cleaner energy consumption.
• Reducing electricity costs for homeowners.

ESG-Aligned Strategy

The collaboration serves an environmental, social, and governance (ESG) purpose, aiming to:

• Environmental: Promote renewable energy solutions and energy-efficient residential design.
• Social: Increase homeowner access to sustainable living options.
• Governance: Maintain capital discipline through a non-exclusive, asset-light partnership model.

This non-exclusive strategic alliance offers Springview the flexibility to pilot and adapt green-energy solutions without deviating from its core operational focus.

Implementation Timeline and Future Prospects

Springview and GSO will identify residential projects for initial pilot implementation, assessing technical integration, homeowner adoption, and overall service workflows. Importantly, there is no commitment beyond this pilot phase, with any future collaboration expansions hinging on further evaluations and the establishment of commercial agreements.

About the Companies

Jiangsu GSO New Energy Technology Co., Ltd.

Jiangsu GSO specializes in solar photovoltaic and green-energy solutions, servicing various markets including residential, commercial, and industrial sectors. The company’s commitment lies in providing customized energy solutions through advanced technology integration.

Springview Holdings Ltd (Nasdaq: SPHL)

Established in 2002, Springview Holdings Ltd operates through its Singapore-based subsidiary, Springview Enterprises Pte. Ltd. The company excels in designing and constructing residential and commercial properties, covering areas such as:

• New construction
• Reconstruction
• Additions and alterations
• General contracting services

Springview's skilled team offers a comprehensive range of services, including design, construction, and project management, enhancing customer relationships and future opportunities.

Cautionary Note Regarding Forward-Looking Statements

This press release may include forward-looking statements which are inherently uncertain and based on current expectations. Users should note that actual results may differ due to various factors, including changes in market conditions and technological advancements.

For more information, please contact Springview Holdings Ltd, Investor Relations Department at ir@springviewggl.com.