TIONG SENG HOLDINGS LIMITED

FORIMMEDIATERELEASE

AugustConsulting
FooYitingyiting@august.com.sg
BooPuayYangpuayyang@august.com.sg
Tel:67338873Fax:67339913

CobiaxAGtoexpandgreenconstructiontechnology
footprintinAsiaPacific

SINGAPORE7June2011Mainboardlistedconstructiongroupandpropertydeveloper,Tiong
Seng Holdings Limited () (Tiong Seng, together with its subsidiaries, the Group),
today announced that its majorityowned subsidiary Cobiax Technologies AG (Cobiax AG) has
establishedawhollyownedunitCobiaxTechnologies(Asia)PteLtd(CobiaxAsia),asitsvehicleto
expanditscuttingedgegreenconstructiontechnologyinSingaporeandtheAsiaPacificregion.

Cobiax removes unnecessary deadweight of concrete slabs by positioning void formers within,
thereby reducing concrete volume by up to 30% without modifying flexural strength. As a result,
architectsarenowabletodesignlargerandclearerspanstructures,wherethedistancebetween
columns can be designed up to 20 metres. The system also optimises the foundation works of
buildings and removes unnecessary beams in the structure, increasing productivity during
construction.

ThereductionintheconcreteusedinCobiaxsystemsalsotranslatestodirectreductionincarbon
dioxide(CO2)emissions.AccordingtoastudyconductedbyaGermanresearchorganisation 1 ,every
cubicmetreofconcretedisplacedbyCobiaxreducesapproximately210kgofCO2emissions,which
makesCobiaxanidealoptionforgreenbuilders.

1
"ReductionofCO2emissionsbyapplicationoftheCobiaxTechnology"publishedbyFraunhoferInstitutfr
ArbeitswirtschaftundOrganisationIAONobelstrasse12,D70569Stuttgartin2007.

Cobiax continues to expand its presence in Europe this year, garnering new landmark projects
includinganofficecomplexVodafoneCampusinDusseldorfandHafenCityUniversityinHamburg,
Germany.

Through its Singaporebased unit, Cobiax AG plans to replicate Cobiaxs success in Singapore and
the AsiaPacific region. To date, there are 5 projects utilising Cobiax and plans are underway to
expanditsmarketshareinSingaporeandbeyond.CobiaxAsiawillhandlebothsalesandtechnical
supporttocustomersandprojectsinSingaporeandtherestoftheAsiaPacificregion.
Said Mr Michael Stuecklin, the Managing Director of Cobiax Asia, Asias pledge on emissions
reductionformsthefoundationthatleadstoincreasingdemandforgreensolutions.Wetakepride
inplayingourrolefortheenvironmentwithCobiax,whichisaninnovativeandeffectivesolution
thatsupportstheglobalcallforactiontocombatclimatechange.GivenourtrackrecordinEurope,
wearelookingfowardtoreplicatingthissuccessintheAsiaPacific.

VodafoneCampusinDusseldorf,Germany HafenCityUniversityinHamburg,Germany

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AboutTiongSengHoldings
Tiong Seng is principally engaged in building construction and civil engineering in Singapore, and property
developmentinthePRC.Withanestablishedtrackrecordofover50years,TiongSengisoneoftheleading
buildingconstructionandcivilengineeringcontractorsinSingapore.ItholdsthehighestgradingofA1from
theBuildingConstructionAuthorityofSingapore(BCA)forbothgeneralbuildingandcivilengineering,which
qualifiestheGrouptoundertakepublicsectorconstructionprojectswithunlimitedcontractvalue.

Tiong Sengs property development business focuses on developing residential and commercial projects in
various second and thirdtier cities in the PRC. The Group has successfully developed properties in Tianjin,
SuzhouandYangzhouanditcurrentlyhasfourongoingprojectsintheBohaiEconomicRim,whichisoneof
themaineconomiczonesinthePRC.
TiongSengHoldingsLimited
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AboutCobiaxTechnologiesAG
Establishedin1997,CobiaxTechnologiesAGisbasedinZug,Switzerland.Itscuttingedge,internationally
patented Cobiax technology was launched in 2005, and sold directly in Switzerland, Germany, Austria as
wellasthroughlicenceesinUnitedStates,UnitedKingdom,France,Italy,Hungary,Poland,Iceland,Greece,
Slovakia,Cyprus,Portugal,SouthAfrica,Iran,Australia,NewZealandandSingapore.

Cobiaxisthefirstandsofartheonlybiaxialloadtransfertechnologyforconcreteslabsthatisawardedthe
National Technical Approval by the German Institute of Building Technology, which officially confirms this
constructionmethodtobeincompliancewiththestrictandhighconcretedesignstandardinEurope.

In 2010, Cobiax was conferred the Swiss Environmental Award for its outstanding ecological performance
and successful CO2 reductions, innovativeness and professional implementation. This is one of the highest
environmentaldistinctionsawardsinSwitzerlandorganisedbytheProAquaProVitaFoundation,sponsored
bytheSwissFederalOfficefortheEnvironment(FOEN).

TiongSengHoldingsLimited
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