Koyo International Limited announced that its wholly owned subsidiary, Koyo Engineering (S.E. Asia) Pte. Ltd. has been awarded a contract by an independent third party for the provision of mechanical and electrical engineering services. The Contract is worth approximately SGD 5.7 million and shall commence in September 2021 for a contract period of up to 20 months. As at the date of this announcement, the Group's current order books amounts to SGD 126.7 million and the contracts on hand have completion dates ranging from financial years 2021 to 2026. The Contract is not expected to have any material impact on the earnings of the Group for the financial year ending 31 December 2021.