SINGAPORE 1000 REVENUE DOUBLES IN JUST 6 YEARS

NEWS RELEASE For Immediate Release SINGAPORE 1000 REVENUE DOUBLES IN JUST 6 YEARS 21.7% leap in sales sees combined sales crack S$2 trillion 18 SMEs cross $100 million turnover mark 31 January 2013 [Singapore] The combined sales of Singapore s top companies has cracked the S$2 trillion mark according to the Singapore 1000 ranking released today by DP Information Group (DP Info). The Singapore 1000 ranks the largest and most successful 1,000 companies in Singapore. Together with the Small and Medium Enterprise 1000 (SME1000) and the Singapore International 100 (SI100), the rankings are the most comprehensive audit of the performance of Singapore s corporate sector. The financial results of more than 40,000 companies are analysed to arrive at the final list. The combined sales of Singapore s corporate leaders increased by an impressive 21.7 per cent, from S$1.98 trillion in 2012 to S$2.42 trillion in 2013. According to Ms Chen Yew Nah, Managing Director of DP Info, the S$2 trillion mark is a significant milestone. Cracking the S$2 trillion mark is remarkable given S$1 trillion in sales was only achieved in 2007. And during the last six years the world suffered a major economic crisis. Page 1 of 16

S$2.4 trillion is more than the Gross Domestic Product (GDP) of every country in the world except the 10 largest economies. The bulk of the increase in revenue came from the Commerce Wholesale sector, where higher commodity prices including oil have driven up the revenue numbers. With 395 companies in the list, Commerce Wholesale has the largest representation on the Singapore 1000 list. Sales for the sector jumped 31.8 per cent to S$1.6 trillion, of which S$881 billion came from the trade of fuel and related products. PROFITS REMAIN FLAT The record revenue has not translated into record profits. While sales boomed compared to 2012, profits rose by only 2.2 per cent. There was also an increase in the number of loss making companies, from 8 per cent to 10.5 per cent. The Singapore 1000 companies are working harder, but their profits have remained stagnant. In other words, companies have to work harder just to stop their profits from going backwards, Ms Chen explained. The low profit increase shows the impact higher costs are having on the profitability of Singapore s corporate sector. During the ranking period, raw material and oil prices as well as jumps in rents, labour and transport costs all had an impact of the bottom-line of Singapore s leading companies, Ms Chen said. Profit margins continue to be squeezed. In 2013 the gross profit margin fell to 5.8 per cent, compared to 7.0 per cent in 2012 Page 2 of 16

SME 1000 PERFORMANCE The top 1000 SMEs in Singapore generated S$29.4 billion in combined sales, an increase of 11.8 per cent compared to the 2012 rankings. Their combined profit was S$3.4 billion, up by 28.6 per cent compared to last year. Hospitality/F&B companies delivered the biggest leap in combined sales, as they did in 2012. Last year the sector s revenue jumped by 22.3 per cent to S$652.5 million. This year the sector added another 46.7 per cent in revenue, taking its total revenue to S$957.0 billion. This resulted in an 83.1 per cent increase in combined profits. Much of this increase came from the leap in the number of F&B companies making the list from 27 to 34 this year. SME manufacturers are also doing well, with their combined sales jumping by 31.4 per cent. Two SME manufacturing sectors saw their sale more than double compared to last year Chemical Products (156.3 per cent) and Fabrics / Personal Effects (118.0 per cent). The financial strength and resilience exhibited by Singapore SMEs, having battled the volatile and uncertain macroeconomic environment, is a nice breather in view of an overall bearish sentiment. Having worked with SMEs for more than four decades, convenience and a simplified logistics process is what DHL offers to the local SME market when expanding their market beyond local shores. The synergy that DHL has established with local SMEs goes far beyond a customer-vendor relationship. As their trusted partner, we help businesses overcome the hurdles of internationalisation while driving operational and cost efficiencies. Their core competency is their product, ours is logistics, said Herbert Vongpusanachai, Managing Director, DHL Express Singapore. Page 3 of 16

A NEW RECOGNITION GRADUATING SMES Each year a select number of companies perform so well they jump straight from the SME 1000 into the list of the nations biggest companies, the S1000. This year s graduating class consists of 18 companies that made the move from the SME 1000 to the S1000 rankings. To honour these SMEs, DP Info has initiated a special award the Crossing $100 million Turnover SME Award - for the SME that graduates to the S1000 list with largest percentage leap in sales. The winning company must also meet the other ranking requirements such as remaining profitable and meeting all corporate compliance requirements. The Crossing $100 million Turnover SME Award is a fitting recognition for the SMEs that have been able to achieve this milestone by transforming their business, coming up with innovative products and services and leveraging partnerships to break into new markets or expand existing markets. SPRING will continue to help our SMEs develop their capabilities so that they can seize new opportunities to grow from strength to strength, said Mr Tan Kai Hoe, Deputy Chief Executive, SPRING Singapore. The winner of the inaugural Crossing $100 million Turnover SME Award for 2013 is Poet Shipbuilding and Engineering, which delivered a 366.8 per cent increase in revenue to enter the S1000 list. SI100 RECORD OVERSEAS REVENUES The SI100 recognises the 100 companies that generate the most international revenue. Page 4 of 16

The top 100 international companies set a new record for overseas revenue S$207.1 billion, an increase of 6.8 per cent on last year. This surpasses the previous record of S$204.9 billion set in 2010. According to the SI100, China continues to be the most significant trading partner for Singapore firms, accounting for one-third (33.6 per cent) of all international revenue earned. Neighbouring countries in South East Asia account for 20.9 per cent of revenue. In a surprise result, Oceania came in third accounting for 15.3 per cent of international revenue. This shows Singapore firms are finding opportunities in Australia. While the percentage of revenue generated in Europe (11.3 per cent) and the Americas (7.5 per cent) both declined compared to 2012, both regions are still significant trading partners for Singapore. Commenting on the performance of Singapore companies internationally, Mr Kelvin Tan, Managing Director and Head of Commercial Banking at HSBC Singapore said As the volume of intra-regional trade flows continue to rise, the ability to access key overseas markets will become an important consideration for many businesses here. Through these success stories of SMEs which have transformed themselves into global businesses, we hope to encourage Singapore enterprises in the early stages of their overseas venture to boldly pursue their aspirations. The Awards underline our commitment to help Singapore companies successfully grow their businesses both locally and internationally. As a leading international bank in supporting these global aspirations, HSBC is dedicated to helping companies identify new business opportunities, access financial products and services, and keep current with regulatory changes in markets, he said. Page 5 of 16

ABOUT THE RANKINGS The S1000, SME1000 and SI100 are ranked and published by DP Information Group with Ernst and Young as Co-Producer. It is supported by ACRA, IDA Singapore, IE Singapore, SPRING Singapore, and Singapore Business Federation. Official Media Partners are The Business Times and Fortune Times. The key sponsors are HSBC Singapore and DHL Express Singapore. Page 6 of 16

THE 26TH SINGAPORE 1000 & SME 1000 INCORPORATING SINGAPORE INTERNATIONAL 100 AWARDS CEREMONY AND DINNER - GIANTS The 2012 S1000, SME1000 incorporating SI100 Silver Jubilee Gala Awards Dinner will be held at 6.00pm at The Island Ballroom, Shangri-La Hotel Singapore. The Guest of Honour is Mr Teo Ser Luck, Minister of State for Trade and Industry. Awards will be presented in the following categories:- S1000 Sales/Turnover Excellence (8 Industries) S1000 Net Profit Excellence (8 Industries) SME 1000 Sales/Turnover Excellence (8 Industries) SME 1000 Net Profit Excellence (8 Industries) SME 1000 Promising SMEs (3 categories of crossing the $10 million, $20 million and $50 million marks) SI 100 Overseas Sales/Turnover Excellence (5 awards) SI 100 SME Overseas Sales/Turnover Excellence (5 awards) Honorary Awards (2 awards) Crossing $100 million Turnover SME Award (1 award) For more information, contact: Matthew Shaw Adeline Heng Rubicon Consulting DP Information Group P: (65) 64653029 P: (65) 65072341 H: (65) 98519340 H: (65) 94515710 matthew@rubicon.com.sg adeline@dpgroup.com.sg Page 7 of 16

2013 AWARD RECIPIENTS SINGAPORE 1000 /TURNOVER EXCELLENCE AWARDS (8 INDUSTRIES) This category recognises companies that achieved excellence in Sales/Turnover performance in 8 industries. The award winners in this award category are highlighted below. INDUSTRY COMPANY SGD 000 RANKING 2013 COMMERCE- DFS VENTURE SINGAPORE 2,258,969 205 RETAIL (PTE) LIMITED COMMERCE- BP SINGAPORE PTE. 61,105,070 2 LIMITED FINANCE DBS GROUP HOLDINGS LTD 9,711,000 44 HOSPITALITY / HOTEL PROPERTIES F&B LIMITED INFORMATION & HUAWEI INTERNATIONAL COMMUNICATIONS PTE. LTD. MANUFACTURING BROADCOM SINGAPORE PTE LTD. SERVICES SEAGATE SINGAPORE INTERNATIONAL HEADQUARTERS PTE. LTD. TRANSPORT / KEPPEL OFFSHORE & STORAGE MARINE LTD 493,825 640 10,635,874 38 8,617,369 54 14,053,549 31 5,705,966 81 Page 8 of 16

NET PROFIT EXCELLENCE AWARDS (8 INDUSTRIES) This category recognises companies that achieved excellence in Net Profit performance in 8 industries. The award winners in this award category are highlighted below. INDUSTRY COMPANY NET PROFIT SGD 000 NET PROFIT RANKING 2013 COMMERCE- DFS VENTURE SINGAPORE 423,027 81 RETAIL (PTE) LIMITED COMMERCE- JARDINE CYCLE & 3,066,939 9 CARRIAGE LIMITED FINANCE DBS GROUP HOLDINGS LTD 3,290,000 7 HOSPITALITY / OVERSEAS UNION 337,411 104 F&B ENTERPRISE LIMITED INFORMATION & COMMUNICATIONS STT COMMUNICATIONS LTD 2,240,000 14 MANUFACTURING PFIZER ASIA PACIFIC PTE LTD 4,338,825 3 SERVICES MARINA BAY SANDS PTE. 1,028,532 29 LTD. TRANSPORT / STORAGE PSA INTERNATIONAL PTE LTD 1,155,167 23 Page 9 of 16

SINGAPORE SME 1000 /TURNOVER EXCELLENCE AWARDS (8 INDUSTRIES) This category recognises Small & Medium Enterprises that achieved excellence in Sales/Turnover performance in 8 industries. The award winners in this award category are highlighted below. NET PROFIT EXCELLENCE AWARDS (8 INDUSTRIES) This category recognises Small & Medium Enterprises that achieved excellence in Net Profit performance in 8 industries. The award winners in this award category are highlighted below. INDUSTRY COMPANY SGD 000 RANKING 2013 COMMERCE- ITAL AUTO PTE. LTD. 89,392 22 RETAIL COMMERCE- KIM ANN ENGINEERING 97,543 2 PRIVATE LIMITED FINANCE IFAST CORPORATION PTE. 61,651 101 LTD. HOSPITALITY / LEGACY HOTEL PTE LTD 74,304 67 F&B INFORMATION & COMMUNICATIONS PTC SYSTEM (S) PTE LTD 50,142 144 MANUFACTURING INTEGRATED PLASTICS TECHNOLOGY PTE LTD 95,943 3 SERVICES THOMSON MEDICAL PTE. 91,035 15 LTD. TRANSPORT / STORAGE DAIKAI ENGINEERING PTE LTD 93,595 9 INDUSTRY COMPANY NET PROFIT SGD 000 NET PROFIT RANKING 2013 COMMERCE- BENGAWAN SOLO PTE LTD 12,267 87 RETAIL COMMERCE- HOE SENG COMPANY PTE. 15,366 62 LIMITED FINANCE MAM PTE. LTD. 39,350 11 HOSPITALITY / KECK SENG HOTEL PTE LTD 14,402 73 F&B INFORMATION & COMMUNICATIONS ZEPHYR COMPANY (PRIVATE) LIMITED 6,285 194 MANUFACTURING DOU YEE TECHNOLOGIES PTE LTD 10,698 105 SERVICES EURO GROUP PTE. LTD. 26,836 31 TRANSPORT / STORAGE DA GUANG TANKERS (PTE) LTD 16,317 55 Page 10 of 16

SINGAPORE SME 1000 PROMISING SME (3 CATEGORIES) Category 1 PROMISING SME CROSSING $10 MILLION Conferred to the company that attained the highest turnover growth and its turnover increased from below $10m to above $10m and the turnover still falls between $10m and $20m. JES PANELS PTE LTD GROWTH (%) (Current) SGD '000 (Previous) SGD '000 SME RANK 2013 INDUSTRY 2,511.82 19,223 736 568 COMMERCE - Category 2 - PROMISING SME CROSSING $20 MILLION Conferred to the company that attained the highest turnover growth and its turnover increased from below $20m to between $20m and $50m. SB PROCUREMENT PTE LTD GROWTH (%) (Current) SGD '000 (Previous) SGD '000 SME RANK 2013 INDUSTRY 3,084.76 31,147 978 325 PROPERTY Category 3 - PROMISING SME CROSSING $50 MILLION Conferred to the company that attained the highest turnover growth and its turnover increased from below $50m to above $50m. SAMWOH READY MIX PTE LTD GROWTH (%) (Current) SGD '000 (Previous) SGD '000 SME RANK 2013 INDUSTRY 75,504.76 79,385 105 47 COMMERCE- Page 11 of 16

SINGAPORE INTERNATIONAL 100 SINGAPORE INTERNATIONAL 100 OVERSEAS /TURNOVER EXCELLENCE AWARD This category recognises the top 5 companies that achieved excellence in Overseas Sales/Turnover performance. The award winners in this award category are highlighted below. COMPANY WILMAR INTERNATIONAL LIMITED OLAM INTERNATIONAL LIMITED SINGAPORE TELECOMMUNICATIONS LIMITED SINGAPORE AIRLINES LIMITED CHINA AVIATION OIL (SINGAPORE) CORPORATION LTD OVERSEAS SGD 000 INDUSTRY 55,602,600 COMMERCE- 15,400,236 COMMERCE- 12,560,400 INFORMATION & COMMUNICATIONS 11,886,240 TRANSPORT / STORAGE 10,718,671 COMMERCE- SINGAPORE INTERNATIONAL 100 SME OVERSEAS /TURNOVER EXCELLENCE AWARD This category recognises the top 5 Small & Medium Enterprises that achieved excellence in Overseas Sales/Turnover performance. The award winners in this award category are highlighted below. COMPANY GHEE HUAT COMPANY PRIVATE LIMITED TRADECOM SERVICES PTE LTD HENG LONG LEATHER CO. (PTE) LTD KHAITAN INTERNATIONAL PTE LTD U E METAL ENTERPRISES PTE. LTD. OVERSEAS SGD 000 INDUSTRY 75,170 COMMERCE- 74,307 COMMERCE- 71,127 MANUFACTURING 54,472 COMMERCE- 49,121 MANUFACTURING Page 12 of 16

HONORARY AWARDS This category recognises companies that have won in the same category for three successive occasions. The award winners in this award category are highlighted below. SINGAPORE 1000 - /TURNOVER EXCELLENCE AWARD INDUSTRY COMMERCE- COMPANY SHELL EASTERN TRADING (PTE) LTD SGD 000 S1000 RANK 2013 141,729,876 1 SINGAPORE 1000 NET PROFIT EXCELLENCE AWARD INDUSTRY INFORMATION & COMMUNICATIONS COMPANY SINGAPORE TELECOMMUNICATIONS LIMITED NET PROFIT SGD 000 S1000 NET PROFIT RANK 2013 3,989,500 4 Page 13 of 16

CROSSING $100 MILLION TURNOVER SME AWARD This category is a one-time award celebrating the achievement of a previously ranked Singapore SME 1000 company in 2012 that has made the highest revenue growth surpassing SG$100 million in current Sales/Turnover. POET SHIPBUILDING & ENGINEERING PTE. LTD. SGD 000 PREVIOUS SGD 000 GROWTH % INDUSTRY 133,125 28,518 366.81 TRANSPORT/STORAGE Page 14 of 16

ABOUT DP INFORMATION GROUP DP Information Group (DP Info) is Singapore s leading credit and business information bureau. A veteran of over 3 decades, it currently serves 98% of Singapore s financial institutions and 75% of its leading law firms. Through its online information portal, QuestNet, DP Info enables clients to make confident credit management decisions everyday based on comprehensive, accurate and reliable information. DP Info offers a credit scoring solution for the national credit consumer market and is also a developer of DP Credit Ratings, a proprietary corporate credit ratings model based on the probability of default. DP Info is an advocate of the SME and entrepreneurial communities. Through its ACRA-appointed service bureau, DP Bureau, it assists these 2 segments in starting their business and operating them effectively and efficiently through their initial years. DP Info Group is part of the Experian Group, one of the world s largest credit reference agencies. Experian delivers global technical and developmental expertise in a wealth of areas including consumer and corporate credit analytics. Additionally, it enhances DP Info s existing services and enables the implementation of international best practices to meet the demands of a global economy. Experian plc is listed on the London Stock Exchange (EXPN) and is a constituent of the FTSE 100 index. Information Services Corporate / Individual Information & Litigation Searches Industry Research & Survey Management Singapore 1000, Singapore SME 1000, Singapore International 100 and Fastest Growing 50 Rankings Marketing Lists & Campaign Management Credit and Legal Monitoring Credit Management Services Corporate Credit Rating & Consumer Scoring Corporate & Consumer Credit Bureau Debt Recovery & Account Receivables Management & Training Credit Portfolio Analysis & Consultancy SME Bureau & Advisory Services Registration & Filing of Local & Foreign Companies / Business SME Regulatory / Application / Business Services SME Advisory Services ACRA Appointed Service Bureau for BizFILE Corporate Secretarial & Management Services DP Information Network Pte Ltd is an ISO/IEC 27001 Information Security & Data Management certified company. Certification No. SG07/00012 www.dpgroup.sg UEN 198302653E Page 15 of 16

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