Astro Bug

TUAS, Singapore - AstroBug -- Multi Ways Holdings (N Y S E: MWG) Accelerates Growth with $5.4 Million Fleet Expansion and $1.485 Million Strategic Financing

Multi Ways Holdings Limited (N Y S E: MWG), a long-established leader in the sales and rental of heavy construction equipment across Singapore and the broader Asia-Pacific region, has announced a major fleet expansion valued at approximately S$7.0 million (US$5.4 million) for the acquisition of 21 new SANY cranes. This initiative strengthens MWG's capacity to meet surging customer demand and underscores the company's strategic partnership with SANY, the world's third-largest heavy equipment manufacturer.

Strategic Expansion to Meet Rising Market Demand

The purchase of 21 SANY cranes marks a significant milestone in MWG's continued growth trajectory. The majority of these cranes have already been pre-ordered by customers in Singapore, signaling strong market confidence and robust regional infrastructure activity.

"We are thrilled to solidify our partnership with SANY through this significant order," said Mr. James Lim, Chairman and CEO of Multi Ways Holdings Limited. "The addition of these new cranes directly responds to the robust demand we're seeing across Singapore and the region. With most units already pre-committed, it reflects our customers' confidence in MWG's reliability and service excellence. This investment not only strengthens our fleet but also reinforces our leadership position in the heavy equipment market."

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This latest fleet enhancement complements MWG's diverse inventory of heavy construction equipment and reinforces its role as a one-stop provider offering complementary refurbishment and cleaning services — an integrated solution highly valued by regional clients.

Strong Financial Backing with $1.485 Million Direct Offering

In addition to the fleet expansion, MWG recently announced the completion of the second tranche of its $1.485 million registered direct offering, consisting of 9,000,000 ordinary shares and accompanying warrants priced at $0.165 per share. The warrants are exercisable at $0.198 per share for a period of five years.

The proceeds will be directed toward working capital and general corporate purposes, further strengthening MWG's balance sheet and providing flexibility to support future growth initiatives.

A Legacy of Leadership and Growth

Founded in 1988 by Mr. James Lim, Multi Ways began as a small operation selling generators and air compressors under the name Multi-Ways Equipment. Incorporated in 2002, the company rapidly expanded into road-building, mining, and crane trading equipment. Today, MWG stands as a trusted supplier serving clients across Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines.

With a solid foundation built over three decades, MWG has evolved into a publicly traded enterprise with a favorable share structure of just 33,330,000 outstanding shares, offering investors significant growth potential.

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Positioned for High-Growth Future

The acquisition of 21 new SANY cranes and the successful financing round collectively demonstrate MWG's disciplined execution of its high-growth business plan. The company remains focused on expanding its regional footprint, strengthening strategic partnerships, and delivering innovative solutions to support infrastructure and construction projects across Asia-Pacific.

"This expansion is more than a fleet upgrade—it's an investment in our customers and in the region's development," added Mr. Lim. "As infrastructure projects accelerate, MWG is ideally positioned to deliver reliable, high-performance equipment that keeps progress moving."

About Multi Ways Holdings Limited (N Y S E: MWG)

Multi Ways Holdings Limited is a Singapore-based supplier of new and used heavy construction equipment for sale and rental across Asia and beyond. With a wide customer base spanning Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines, MWG offers a comprehensive range of machinery, complemented by refurbishment and cleaning services, making it a true one-stop provider for construction and industrial clients.

Founded in 1988 and listed on the NYSE American Exchange, MWG continues to expand its presence through innovation, operational excellence, and customer-driven growth.

For more information, visit www.multiwaysholdings.com.

Media Contact:
Matthew Abenante, IRC
Strategic Investor Relations, LLC
📧 matthew@strategic-ir.com
📞 +1 (347) 947-2093
🌐 www.multiwaysholdings.com

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