ST Engineering’s Aerospace Arm Winds Up WingStar Pte. Ltd.

Singapore, 24 November 2017 – Singapore Technologies Engineering Ltd (ST Engineering) today announced that further to the announcement made on 31 August 2015, WingStar Pte. Ltd. (WingStar), the joint venture between ST Aerospace Resources Pte. Ltd. and Wings Capital Partners Holdings, Ltd has been wound up.

The winding up of WingStar is not expected to have any material impact on the consolidated net tangible assets per share and earnings per share of ST Engineering for the current financial year.