Brilliance Group ^{Filed Terms, Nasdaq: KHIW}

Brilliance Group was incorporated as an exempted company in the Cayman Islands on November 7, 2022 as a holding company of our businesses. Brilliance Group is a holding company with no material operations of its own, and our Group’s business is carried out primarily through our main operating subsidiary, KHIW, a leading steel fabricator in Singapore specializing in structural steel and metal works. We procure raw steel material from our suppliers, design and fabricate the steel products in-house, and install the finished products, according to our customers’ specifications. We have an associate company, KHSB, in Malaysia, which operates a manufacturing plant that supplies our main operating subsidiary, KHIW, with manpower and usage of the manufacturing plant in Malaysia that we use for our steel fabrication work. As at the date of this prospectus, we had 21 projects with aggregate contract sums of approximately S$46,100,000. Contracts are billed periodically upon completion of agreed milestones pursuant to our customer agreements. The agreed milestones may be different across our various projects, therefore there is no fixed or standard timeframe for the performance of milestones or the making of expected payments.