Heatec Jietong Holdings Announces SGX-ST Approval for New Share Listings Under ESOS and PSP

Key Highlights

• SGX-ST Approval Received: Heatec Jietong Holdings Ltd. (“Heatec” or the “Company”) has received approval from the Singapore Exchange Securities Trading Limited (SGX-ST) to proceed with the listing and quotation of new ordinary shares (“New Shares”) in relation to its Employee Share Option Scheme (ESOS) and Performance Share Plan (PSP).
• Announcement Date: The approval was received on 28 November 2025 and formally announced by CEO and Executive Director Soon Jeffrey on 2 December 2025.
• Compliance Required: The approval is conditional upon the Company’s compliance with the Exchange’s listing requirements.
• Independent Review: The announcement has been reviewed by Novus Corporate Finance Pte. Ltd., the Company’s sponsor, but not by SGX-ST itself. The Exchange takes no responsibility for the contents of the announcement.

Details for Investors and Shareholders

Heatec Jietong Holdings Ltd. is moving forward with strategic incentive plans for its employees and senior management, namely:

• Employee Share Option Scheme (ESOS): Offers employees the opportunity to acquire New Shares in the Company, aligning staff interests with shareholders and potentially enhancing retention and motivation.
• Performance Share Plan (PSP): Awards shares based on performance criteria, incentivizing management and key contributors for achieving corporate targets.

The formal SGX-ST approval for the listing and quotation of New Shares under these schemes means that, once the specific shares are issued, they will be tradeable on the public market, increasing the total issued share capital of the Company. This could impact share liquidity, and, depending on the volume and timing of new share issuances, may potentially affect share price.

Potentially Price-Sensitive Information

• Share Dilution Risk: The issuance of new shares under these schemes could lead to dilution of existing shareholders’ equity, which, if the number is significant, may pressure the share price downward.
• Employee Incentivization: A well-structured share scheme can improve company performance and align interests with long-term shareholders, which is generally supportive of the share price over time.
• No Endorsement of Value: SGX-ST’s approval is procedural and not an endorsement of the merits or valuation of the Company, its shares, or its incentive schemes.
• Market Perception: Investors should monitor the pace and size of new share issuances under ESOS and PSP, as large or unexpected issuances could be price-sensitive and affect the market value of shares.

Important Notices

The announcement clarifies that it should not be interpreted as an assessment of the value or prospects of Heatec Jietong Holdings, its subsidiaries, or its securities. The SGX-ST’s approval pertains only to the technical compliance of the listing and quotation procedures.

For further queries, shareholders or interested parties may contact Mr. Pong Chen Yih, Chief Operating Officer of Novus Corporate Finance Pte. Ltd., at the provided Suntec Tower address or via telephone.

Conclusion

The approval to list and quote new shares under the ESOS and PSP is a significant development for Heatec Jietong Holdings Ltd., as it impacts both the capital structure and the company’s ability to attract and retain talent. Shareholders should stay informed about the implementation details, as future share issuances can influence share price and investor returns.

Disclaimer: This article is prepared for informational purposes only and does not constitute investment advice or a recommendation to buy or sell securities. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. Neither the Singapore Exchange nor the sponsor assumes responsibility for the accuracy or completeness of information contained herein.

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