Multi Ways Holdings Enters InTo Exclusive Dealership Agreement With Shandong Shantui Construction Machinery Import & Export

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 entered into an exclusive dealership agreement (the "Agreement") with Shandong Shantui Construction Machinery Import & Export Co., Ltd. ("Shantui"), a global leader in bulldozer manufacturing. Under the terms of the Agreement, Multi Ways will serve as the exclusive dealer for all Shantui earthmover equipment in Singapore from June 1, 2025, to May 31, 2026.

As part of this Agreement, Multi Ways has already ordered two Shantui bulldozers, which are projected to arrive in Singapore in June 2025. Notably, one of these bulldozers features an advanced remote control function, marking the first such technology of its kind to be introduced in the Singapore market.