Company Description

Our Group is a provider of nature-based green sustainability solutions based in Singapore. We integrate sustainability into our core business practices, embracing innovation and demonstrating a genuine commitment to environmental and social responsibility. Through the operating entity, we provide commercial nature-based green sustainability solutions to our customers through three types of services: forest rejuvenation services, environmental improvement services, and landscaping and gardening services. The operating entity has delivered a wide range of projects across a variety of public and private settings, from urban waterfronts to tropical rainforest. The operating entity’s services to the private sector include those to commercial buildings, condominiums, government buildings and theme parks. Through the operating entity, we also provide our services to the public sector, including to public parks and public theme parks. Nature-based green sustainability solutions provide a holistic approach to managing ecosystems, aiming to improve the environmental sustainability of urban and rural infrastructures. These solutions seek to mimic, restore, or enhance the natural functions of ecosystems, thereby promoting long-term environmental, social, and economic sustainability. Our forest rejuvenation services involve the salvation and regeneration of forest trees, birds, and other wildlife prior to and during the course of development works, such as the construction of parks and buildings within forest areas, which can cause damage to forest trees and disturb the natural habitats of the birds and wildlife native to the forest. Our environmental improvement services involve proposing and implementing green solutions under various settings, including for commercial buildings and theme parks, to enhance and protect natural ecosystems and create more environmentally friendly spaces aligned with adopted ESG principles. Our landscaping and gardening services entail the design, installation, and maintenance of landscaping, irrigation, lighting, and plants in commercial buildings, condominiums, and theme parks. In the provision of forest rejuvenation services, we have undertaken the Mandai Rainforest Park project from 2019 to 2024. The project was conducted throughout the Mandai Rainforest Park, a two (2) hectare tourist attraction in Singapore. To our knowledge, the project was the first of its kind in Singapore. On the other hand, examples of our environmental improvement services include those conducted at the South Beach, an urban integrated development in Singapore’s city center that includes a hotel, offices, retail stores, business centers, and restaurants, as well as services conducted in natural environments, such as the Mandai Rainforest Park, including the construction of its East Node Indoor Attraction and rainforest resort. Our landscaping and gardening services include those provided for Jurong Lake Park, where the operating entity was the appointed main contractor overseeing landscaping and gardening works for the entire Chinese Gardens at the park, and for the Universal Studios Singapore theme park. We believe that our Group’s ability to systematically deliver sustainable and high-quality forest rejuvenation services, environmental improvement services, and landscaping and gardening services is the foundation of our value proposition to our customers. Through the operating entity, we are an established provider of nature-based green sustainability solutions with an operating history and track record of more than 34 years. The operating entity’s decades of experience in the industry have enabled us to fine-tune our methods and processes to understand and meet the nature-based green sustainability solutions requirements of our customers. The quality of our work is demonstrated by the fact that we are one of the few landscape contractors who were invited to tender, and on some projects, pre-qualified for the forest rejuvenation, environmental improvement, and landscaping and gardening services by the developer, owner, or main contractor of the projects, such as for the various projects at Mandai Rainforest Parks and at Universal Studios Singapore. We have consistently delivered our projects on time and without substantial defects, which has allowed us to maintain satisfaction from our clients and other project stakeholders. At the request of our clients, we are able to provide technical advice and creative solutions to our clients for their varying nature-based solutions needs, demonstrating our expertise and professionality. The operating entity’s nature-based green sustainability solutions include the provision of a broad spectrum of expert services from structural improvement to project management. Through the operating entity, we have an established network of subcontractors with whom we work to deliver integrated nature-based green sustainability solutions, including arborists, green wall1specialists, and environmental specialists such as bird specialists, soil specialists, and wildlife shepherding specialists. We believe that being an integrated nature-based green sustainability solutions provider places our Group in a better position to undertake more complex projects and attract a diverse set of customers and, as a result, enhances our competitiveness. During the fiscal years 2023 and 2024, we provided environmental improvement services and forest rejuvenation services to China Jingye Engineering Corporation Limited (“China Jingye”). Our sales to China Jingye accounted for approximately 69% of our total sales for fiscal year 2023 and 71% of our total sales for fiscal year 2024. Our revenue generated by each of the three types of services we offer for the fiscal years ended December 31, 2023 (“FY2023”) and 2024 (“FY2024”) is as follows: 2023 2024 S$ US$ S$ US$ Forest rejuvenation services 408,790 309,901 165,519 123,864 Environmental improvement services 5,310,004 4,025,475 9,342,952 6,991,658 Landscaping and gardening services 1,635,185 1,239,622 287,733 215,320 7,353,979 5,574,998 9,796,204 7,330,842 Revenue generated from forest rejuvenation services declined by approximately 60% from S$0.4 million in FY2023 to S$0.2 million in FY2024, primarily due to the completion of the Mandai Rainforest South project, which accounted for a significant portion of work in 2023. As most of the rejuvenation activities were finalized, only minimal remaining work was scheduled for 2024, resulting in a significant decline in revenue. Revenue generated from environmental improvement services increased significantly by approximately 76%, from S$5.3 million in FY2023 to S$9.3 million in FY2024. The substantial growth was primarily driven by the progress of key projects, particularly Mandai Rainforest North, which approached to final stages. The increased work volume in 2024 contributed significantly to higher revenue. Revenue generated from landscaping and gardening services decreased by approximately 82% from S$1.6 million in FY2023 to S$0.3 million in FY2024, mainly due to the near completion of the Lincotrade Show flat project, which was a major revenue contributor in 2023. Additionally, a reduction in landscape maintenance jobs in 2024 further impacted revenue. We believe that our focus on sustainability represents opportunities for our Group to grow our nature-based green sustainability solutions business amid the collective movement towards achieving net zero emissions and the broad shift toward sustainability as a key consideration across industries. --- Our principal executive office is located at 5000 Ang Mo Kio Avenue 5, #02-04, Techplace II, Singapore 569870, and our phone number is +65 6793 7888. Our registered office in the British Virgin Islands is located at Commerce House, Wickhams Cay 1, P.O. Box 3140, Road Town, Tortola, VG1110, British Virgin Islands. We maintain a corporate website at https://gardenbeau.com.sg/. Our agent for service of process in the United States is Cogency Global Inc., located at 122 East 42nd Street, 18th Floor, New York, NY 10168.