6
natural cool holdings limited
Letter to
Shareholders
Enhancing Core Competencies
The year in review sawNatural Cool continuously seek to upgrade its business capabilities in terms of manpower development
and systems enhancement. We adopted a two prongged growth strategy of business expansion and diversification as
well as capability advancement. In this respect, we are therefore pleased to announce that our subsidiary, Gathergates
Switchgear Pte Ltd, has successfully achieved HDB’s materials listing approval for the following switchgear products:-
• Main Switchboard – GS-04/06/08-B (MCCB Model: ABB) (IEC 61439)
• Service Duct Meter Board – GS SDM 40A (Model MCB/Isolator: ABB)
• Control Panel – SHDB-WR-01(Wet Riser System), SHDB-TP-01(Transfer Pump System), SHDB-TMS-01
(Telemonitoring System), SHDB-BP-01 (Booster Pump System)
• Consumer Control Unit – ST Virgo 20 (Model MCB/RCCB: ABB) (Recessed), GS Virgo 20S (Model MCB/RCCB: ABB)
(Surface)
Exploiting the Vibrant Built Environment
Based on the Building Construction Authority’s estimates, the average construction demand is expected to be maintained
between $27 billion and $36 billion in 2016 and 2017 and $26 billion and $37 billion in 2018 and 2019 annually. This
can be attributed to a number of mega public sector infrastructure projects (e.g. Sengkang General and Community
Hospitals, Tampines Town Hub and the construction of Thomson-East Coast MRT Line as well as land preparation
works for Changi Airport expansion) required to meet the long-term needs of Singapore’s growing population as well
as business competitiveness. All these augurs well for Natural Cool as the Group’s air-conditioning distribution and
switchgear manufacturing businesses are pivotal elements of any M&E (mechanical & electrical) works for all building and
infrastructure developments.
A Special Word of Thanks
We would like to thank our management, staff, business associates, customers, investors and all other Natural Cool’s
stakeholders for their support this past year. Notwithstanding the vagary of global dynamics or adverse external factors,
Natural Cool has the required tenacity and is well prepared for any challenging times ahead. We believe that we have
weathered the economic storm well in the past and we can do it again with everyone’s dedication and continued support.
We hope you will find our reviews useful. This is also an opportune time to reassure you of our commitments, to always
have our shareholders’ best interests in mind as we do our utmost to harness our entrepreneurial skills and pursue
initiatives that deliver the best shareholder value yet again.
Yours faithfully
Joseph Ang Choon Cheng
Tsng Joo Peng
Executive Chairman
Chief Executive Officer
