$5.4 Million Fleet Expansion for SANY Cranes to Enhance Heavy Construction Equipment Sales and Rentals for Well Established Supplier to Singapore: Multi Ways Holdings LTD. (NYSE: MWG)

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Multi Ways Holdings Limited (NYSE: MWG) $MWG is Set Up for High Growth Business Plans with Completion of $1.485 Million Registered Direct Offering

* Long Established Industry Leader in Sales and Rental of a Wide Range of Heavy Construction Equipment in Singapore and Surrounding Region.

* Wide Customer Base from Singapore, Australia, the UAE, the Maldives, Indonesia and the Philippines.

* One-Stop Shop for Complementary Equipment Refurbishment & Cleaning.

* Significant Fleet Enlargement Initiative via New Orders for 21 SANY Cranes for Approximately S$7.0 million (US$5.4 million).

* Majority of New SANY Units Already Confirmed with Customers in Singapore.

* Strong Company Financing with $1.485 Million Registered Direct Offering.

Multi Ways Holdings Limited (NYSE: MWG) supplies a wide range of heavy construction equipment for sale and rental in Singapore and the surrounding region. With over two decades of experience in the sales and rental of heavy construction equipment, MWG is a widely established, reliable supplier of new and used heavy construction equipment to customers from Singapore, Australia, the UAE, the Maldives, Indonesia, and the Philippines. With extensive inventory of heavy construction equipment and complementary refurbishment and cleaning services, MWG is well-positioned to serve customers as a one-stop shop.

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MWG history began in 1988 when Mr. James Lim carried on the business of selling generators and air compressors under a sole proprietorship under the business name "Multi-Ways Equipment". Multi Ways SG was incorporated in 2002 to take over the business carried on by Mr. James Lim under the sole proprietorship. Over the last two decades, MWG has become a supplier of a wide range of heavy construction equipment in Singapore and the region. In 1996, MWG expanded its fleet of heavy construction equipment to include road-building equipment and mining equipment. In 2012, MWG expanded into the crane trading business.

The MWG mission is to be an industry leader in the sales and rental of a wide range of heavy construction equipment in Singapore and the region, and as a one-stop shop offering complementary equipment refurbishment and cleaning services to its customers.

MWG has a good share structure for investors with only 33,330,000 shares outstanding.

$5.4 Million Purchase of 21 SANY Cranes

On October 27th MWG announced it has placed additional new orders for 21 Sany cranes for approximately S$7.0 million (US$5.4 million). The majority of these orders are already confirmed with customers in Singapore.

This deal builds on the MWG existing partnership with SANY, the Chinese engineering giant and the world's third-largest heavy equipment manufacturer. This strategic acquisition will significantly enhance the MWG fleet, enabling the Company to meet the growing demand for heavy construction equipment in the region.

Mr. James Lim, Chairman and CEO of MWG, commented on the acquisition, "We are thrilled to solidify our partnership with SANY through this significant order. The addition of these 21 new cranes to our fleet is a direct response to the robust demand we are seeing in the Singaporean construction market and the broader region. With a majority of these new units already pre-ordered, it underscores the confidence our customers have in our ability to provide top-tier equipment for their critical infrastructure projects. This investment not only strengthens our market position but also ensures we continue to deliver the exceptional service and reliability our clients have come to expect."

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The procurement of these SANY cranes underscores the MWG ongoing commitment to operational excellence, customer satisfaction, and strategic growth. MWG remains focused on providing innovative solutions and top-quality equipment to support the region's construction and infrastructure development.

Closing of Second Tranche of $1.485 Million Registered Direct Offering

On September 26th MWG announced the closing of the second tranche of its registered direct offering of 9,000,000 ordinary shares, par value $0.00025 per share, and warrants to purchase up to 9,000,000 ordinary shares.

The offering was priced at $0.165 per ordinary share and accompanying warrant. MWG received aggregate gross proceeds of $1,485,000 from this second tranche. Each warrant will be exercisable at $0.198 per share for a period of five years following its issuance. MWG intends to use the net proceeds for working capital and general corporate purposes.

For more information on $MWG, visit: www.multiwaysholdings.com [https://www.globenewswire.com/Tracker?data=Ju_XuQ00EYE35Um1zPsmLZnI2TLPhHcoIgoOLuhHUmQvOJ1BTyAnvfLtnr1Rt76MrCHVDgBtiDLpKoFlPNnXhjIHpWEbz0LtngMAgLZ6WVfc3a1dZHcUrjm9SwS_WED3] and https://share.google/DVK1V7McPOsNmZ8HC

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Media Contact
Company Name: Multi Ways Holdings Limited (NYSE American: MWG)
Contact Person: Matthew Abenante, IRC, Strategic Investor Relations, LLC
Email: Send Email [http://www.universalpressrelease.com/?pr=54-million-fleet-expansion-for-sany-cranes-to-enhance-heavy-construction-equipment-sales-and-rentals-for-well-established-supplier-to-singapore-multi-ways-holdings-ltd-nyse-mwg]
Phone: 347-947-2093
Address:3E Gul Circle
City: 629633 Singapore
Country: Singapore
Website: http://www.multiwaysholdings.com

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