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Chairman Statement

Extracted from Annual Report 2017

Dear Shareholders,

On behalf of the Board of Directors ("Board") of TEHO International Inc Ltd ("TEHO" or the "Group"), it is my pleasure to present to you the annual report for the financial year ended 30 June 2017 ("FY2017").

FY2017 continued to be a challenging year for us. The global shipping industry still treads in uncertain waters; cargo rates have remained volatile, reflecting the imbalance in capacity demand and supply. While crude oil prices have largely stabilised, albeit at lower historical price ranges, the offshore sector had and continues to face headwinds.

For the property sector in Singapore, overall sentiment has improved with budding signs of recovery. Residential home transactions have been active in recent months and new property launches are witnessing keen interest from buyers. The increase in private home transactions in the first half of 2017 compared to the same period a year ago (Source: "Singapore property at a turning point?", The Business Times, July 22 - 23, 2017) points to a property market that is regaining confidence.

Lim See Hoe
Executive Chairman and CEO

  • 2017 FINANCIAL REVIEW
  • COLLABORATING FOR GROWTH
  • STAYING ON STEADY FOOTING
  • GOING FOR EXCELLENCE
  • SETTING SAIL FOR SUSTAINED GROWTH
  • APPRECIATION