Primech Holdings Ltd

Corporate Structure The structure of our Group as at the date of this Annual Report is as follows: Corporate History Our Company was incorporated on December 29, 2020 as a private company limited by shares under the name Primech Holdings Pte. Ltd. . On May 11, 2023, we changed our corporate name from Primech Holdings Pte. Ltd. to Primech Holdings Ltd. In 2018, Sapphire Universe, one of our Major Shareholders, acquired Primech Services & Engrg Pte Ltd, A&P Maintenance and Acteef Cleaning, in three separate transactions. Each of these companies had, prior to their acquisition, already been operating for approximately 30 years or more. Historically, Primech Services & Engrg was focused on providing cleaning services to a major Asian aviation hub and educational institutions, while A&P Maintenance and Acteef Cleaning were focused on providing cleaning services to offices. In 2020, Sapphire Universe also acquired Maint-Kleen which was focused on providing conservancy services. The acquisitions by Sapphire Universe of Primech Services & Engrg, A&P Maintenance, Acteef Cleaning and Maint-Kleen have enabled our Group to provide a wide spectrum of cleaning services. During 2021 to 2025, we have expanded our range of cleaning services to include cleaning of healthcare facilities, and we have also expanded into the provision of stewarding services. Through our customer service business, we provide customer service officers and F&B service crew to venues such as healthcare facilities, hotels and restaurants.