Multi Ways Holdings Secures Two New Industrial Spaces From JTC Corp To Meet Increasing Demand For Heavy Construction Equipment Across Singapore And Broader Region

Multi Ways Holdings Limited ("Multi Ways," the "Company" or the "Issuer") (NYSE:MWG), a leading supplier of a wide range of heavy construction equipment for sales and rental in Singapore and the surrounding region, today announced that it has secured two new industrial spaces from JTC Corporation ("JTC"), significantly expanding the Company's operational capacity to meet increasing demand for heavy construction equipment across Singapore and the broader region.

Under the new lease agreements with JTC, Multi Ways has secured two strategic premises totaling approximately 6,453 square meters (69,460 square feet), comprising a 3,450-square-meter facility under a three-year lease and a 3,003-square-meter space under a one-year lease. These additional facilities will significantly strengthen the Company's yard and storage capabilities, enabling it to efficiently accommodate its expanding inventory of heavy construction equipment, including bulldozers, excavators, cranes, wheel loaders, and other specialized machinery.

The acquisition of these additional spaces is a strategic initiative to strengthen the Company's infrastructure and support its expanding operations. The three-year lease provides a stable, long-term operational base, while the one-year lease offers additional flexibility to accommodate near-term project-driven demand. Together, these spaces will enhance Multi Ways' ability to efficiently stage, refurbish, and deploy equipment to customers across the infrastructure, building construction, mining, offshore and marine, and oil and gas industries.