Fbs Global Limited's

The construction industry in Singapore, encompassing interior build-out, fitting-out works, and main contractor services, is characterized by high competition and fragmentation. The Group has established experience in interior fitting-out works, particularly in hospital construction projects within Singapore, as well as in main construction projects. There is no directly comparable industry peer with an identical project profile. The Group identifies Dong Jian (Singapore) Pte Ltd, Top Plasterceil Pte Ltd, and Lincotrade & Associates Pte Ltd as its primary competitors in interior fitting-out works. None of the Group's directors, substantial shareholders, or their associates hold interests in these competitors. Published market share statistics for interior fitting-out works in Singapore are unavailable. Similarly, the main construction works sector is competitive and fragmented, with no meaningful market share comparisons due to the project-based nature of the work.