JE Cleantech (JCSE) Announces Annual General Meeting Results

Rhea-AI Summary

JE Cleantech (Nasdaq: JCSE) held its Annual General Meeting on November 18, 2025 and reported board appointments, a dual-class share reclassification, and auditor ratification.

Members approved appointment of five directors for the coming year; adoption of a New Amended and Restated Memorandum and Articles of Association to create 1,806,666 Class A (1 vote each) and 3,500,000 Class B (20 votes each) ordinary shares from the current 5,306,666 issued shares; and ratified WWC, P.C. as the independent registered public accounting firm for fiscal 2025.

Positive

• Board reappointments approved for five directors through 2026
• Adoption of dual-class structure: 3,500,000 Class B and 1,806,666 Class A
• Ratified WWC, P.C. as auditor for fiscal year ending Dec 31, 2025

Negative

• Class B shares carry 20 votes per share, concentrating voting power
• Existing 5,306,666 issued shares were reclassified, altering shareholder voting rights

Insights

Corporate Governance & Capital Structure Analyst

Dual-class reclassification concentrates voting power with the CEO's vehicle and changes governance dynamics.

The approved re-designation creates a dual-class capital structure with 3,500,000 Class B shares at 20 votes each and 1,806,666 Class A shares at 1 vote each, converting the existing $0.001 par shares accordingly. This change assigns decisive control to holders of Class B stock, notably JE Cleantech Global Limited, which is 100% owned by the Chief Executive Officer, concentrating board influence and voting outcomes.

Concentrated voting power raises governance and minority-rights risks. Board appointments were ratified at the AGM, reinforcing management control. The company also ratified WWC, P.C. as auditor for the fiscal year ending Dec 31, 2025. These are factual governance milestones, not operational results.

Watch for tangible effects over the next 6–12 months: any future equity issuance, changes to shareholder rights, or related-party transactions involving the CEO's vehicle. Monitor filings that show actual voting blocks, any amendments to transfer restrictions, and auditor disclosures by Dec 31, 2025 for audit-related developments.

Singapore, Nov. 19, 2025 (GLOBE NEWSWIRE) -- JE Cleantech Holdings Limited (Nasdaq: JCSE), (“the Company”) a Singapore-based cleantech company, today announced the results of the Company’s Annual General Meeting of Members (the “AGM”) held on November 18, 2025, at the Company’s offices located at 3 Woodlands Sector 1, Singapore 738361.

Appointment of Board of Directors

(1) At the AGM, the members of the Company approved and ratified the appointment of: Hong Bee Yin, Executive Director, Long Jia Kwang, Executive Director, Karmjit Singh, Independent Non-Executive Director, Tay Jingyan, Gerald, Independent Non-Executive Director, and Khoo Su Nee, Joanne, Independent Non-Executive Director to serve in their respective positions on the Board of Directors for the ensuing year.

Approval of the re-designation and re-classification of share capital; replacement of clause 8 of the Memorandum of Association and; adoption of the New Amended and Restated Memorandum and Articles of Association. 

(2) At the AGM, the Company’s members approved a special resolution to approve: (A) the re-designation and reclassification of share capital; (B) the replacement of clause 8 of the Memorandum of Association; and the (C) adoption of the New Amended and Restated Memorandum and Articles of Association such that:

• The currently issued 5,306,666 shares of nominal or par value of US$0.001 each in the Company be and are re-designated and re-classified into 1,806,666 Class A ordinary shares of par value US$0.001 each with 1 vote per share (the “Class A Ordinary Shares”), 3,500,000 Class B ordinary shares of par value US$0.001 each with 20 votes per share (the “Class B Ordinary Shares”) as follows:
  

Name of Shareholder		Number of existing shares held				Number and class of shares to be held after the re-designation and re-classification of shares of the Company
JE Cleantech Global Limited* Hong Bee Yin			3,200,000 300,000			3,200,000 Class B Ordinary Shares 300,000 Class B Ordinary Shares
All other shareholders			1,806,666			1,806,666 Class A Ordinary Shares
Total			5,306,666			3,500,000 Class B Ordinary Shares 1,806,666 Class A Ordinary Shares

* JE Cleantech Global Limited is 100% directly owned by Ms. Hong Bee Yin, the Company’s Chief Executive Officer and an Executive Director.

• Clause 8 of the Memorandum of Association shall be replaced.
• A new Memorandum and Articles of Association of the Company has been adopted to reflect the adoption of the dual-class share structure, and the provision of the rights and privileges of Class A Ordinary Shares and Class B Ordinary Shares.

Ratification of Appointment of WWC, P.C.

(3) At the AGM, the Company’s members also approved an ordinary resolution to ratify the appointment of WWC, P.C. as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025.

About JE Cleantech Holdings Limited

JE Cleantech Holdings Limited is based in Singapore and is principally engaged in (i) the sale of cleaning systems and other equipment; and (ii) the provision of centralized dishwashing and ancillary services. Through its subsidiary, JCS-Echigo Pte Ltd, the Company designs, develops, manufactures, and sells cleaning systems for various industrial end-use applications, primarily to customers in Singapore and Malaysia. Its cleaning systems are mainly designed for precision cleaning, with features such as particle filtration, ultrasonic or megasonic rinses with a wide range of frequencies, high-pressure drying technology, high flow rate spray, and deionized water rinses, which are designed for effective removal of contaminants and to minimize particle generation and entrapment. The Company also has provided centralized dishwashing services through its subsidiary, Hygieia Warewashing Pte Ltd, since 2013 and general cleaning services since 2015, both mainly for food and beverage establishments in Singapore. For more information about JE Cleantech, please visit our website: www.jecleantech.sg.

Disclaimer: Forward looking statements

This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. Forward-looking statements may be identified by such words or phrases as “should,” “intends,” “is subject to,” “expects,” “will,” “continue,” “anticipate,” “estimated,” “projected,” “may,” “I or we believe,” “future prospects,” “our strategy,” or similar expressions. Forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results to differ materially from those expected and stated in this announcement. Forward-looking statements speak only as of the date they are made, and JCSE is not under any obligation and expressly disclaims any obligation to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.

Readers should carefully review the statements set forth in the reports which JCSE has filed or will file from time to time with the Securities and Exchange Commission (the “SEC”). The documents filed by JCSE with the SEC may be obtained free of charge at the SEC’s website at www.sec.gov.

Contact:

Jason Long
Email address: enquiry@jecleantech.sg
Phone number: +65 63684198
Other number: +65 66029468

FAQ

What did JE Cleantech (JCSE) approve at the November 18, 2025 AGM?

Members approved five director appointments, a dual-class share reclassification, a new memorandum and articles, and ratified WWC, P.C. as auditor.

How many Class B and Class A shares does JCSE have after the reclassification?

After reclassification JCSE has 3,500,000 Class B ordinary shares and 1,806,666 Class A ordinary shares.

What voting rights do JCSE Class B and Class A shares carry after the change?

Class A ordinary shares carry 1 vote per share; Class B ordinary shares carry 20 votes per share.

Who is the reported owner of JE Cleantech Global Limited and its relation to JCSE?

JE Cleantech Global Limited is reported as 100% owned by Hong Bee Yin, who is CEO and an executive director of JCSE.

When will the appointed auditor WWC, P.C. serve for JCSE?

WWC, P.C. was ratified as JCSE's independent registered public accounting firm for the fiscal year ending December 31, 2025.

Does the AGM adoption change JE Cleantech's constitutional documents?

Yes; members adopted a New Amended and Restated Memorandum and Articles of Association to reflect the dual-class share structure.