productivity enhancement and digital investment remain front and centre. Given the shortage of skilled labour, digitalisation will be a key strategy. Building on the digitalisation experience gained from implementing Aptiv8 IT Solutions and AirSquire’s cloud-based 360-degree virtual sites at Grand Hyatt Singapore Hotel, we are continuing our IDD journey with the experimental implementation of Doxa Connex’s procurement-to-payment system company-wide, and Autodesk Construction Cloud on new projects. In Maldives, Lumitics Artificial Intelligence (“AI”) smart food waste tracker has recently been installed at Pullman Maldives Maamutaa Resort and Mercure Maldives Kooddoo Hotel offering insights to Chefs on how to reduce their food waste by up to 40% and food cost by 2% to 8%. For HDB’s Tengah Plantation C5 project, we use IFCA Contract Management Solution to connect project site offices, contract and cost management and purchasing to pursue excellence in project cost control. We have adopted AI in enhancing worker safety as it remains our priority. This, together with ongoing worker safety education and upskilling initiatives provide a safer, more effective and productive work environment for all. We have also implemented digitalisation in various stages of our construction process, for example QR code enabled components which can be tracked. SOCIAL RESPONSIBILITY AND SUSTAINABILITY We have been a staunch advocate of training and education for the next generation of professionals in our field. We continued to support Institute of Technical Education’s (“ITE”) Work-Learn Technical Diploma programme. We have one ITE trainee continuing his Work-Learn Technical Diploma programme at the Tengah Plantation C5 project site. On the sustainability front, the solar panel installation at our Chin Bee factory has been commissioned and begun providing green energy since July 2023, supplementing the power requirement at the production floors and administration blocks of 20 Chin Bee Drive and 21 Fourth Chin Bee Road. The solar panels are capable of generating 800 amperes of green electricity and offsetting up to 215 tons of carbon dioxide per year. New sustainability initiatives have also been implemented in Maldives. Food composters have been installed at both the resort hotels to convert food waste to compost as fertilisers for the gardens. Please refer to our Sustainability Report 2024 for an in-depth account of our sustainability and conservation programmes. BUILDING ON OUR CORE STRENGTH; ENSURING SUSTAINABLE GROWTH We have never put short-term gains ahead of long-term sustainable growth and this strategy is set to continue. Tight costs control, careful investment decisions, prudent financial planning as well as an effective and comprehensive project management have stood us well through downturns and uptrends. We are certain that this will continue to stand us in good stead, allowing us to growth sustainably and assuredly in the long-term. APPRECIATION AND ACKNOWLEDGEMENTS Greatest appreciation from our Board of Directors and me to our staff and executive management for their efforts and hard work throughout the year. I would like to take this opportunity to welcome on board our new Chief Financial Officer, Mr Heng Fook Chang who brings with him a wealth of experience. We are certain he will be a great asset to our team. Lastly, thank you to our business partners, associates, customers, and shareholders for continuing to support the Group. Working together, we are confident of bringing greater value to all our stakeholders and the community at large. LEO TING PING RONALD Chairman and Chief Executive Officer 07 ANNUAL REPORT 2024 CHAIRMAN’S MESSAGE
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