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• Like SAP or Oracle, but specializing in providing highly customized, AI-driven ERP solutions that seamlessly integrate with IoT hardware.
• Imagine Palantir, but focused on creating AI and IoT-integrated operational ERP systems for specific industries, rather than purely data intelligence.

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• Customized ERP Software Solutions: Tailored enterprise resource planning systems offering general business functions and specialized capabilities, often integrating AI and IoT.
• Consulting and Technical Support Services: Professional services providing guidance, implementation support, and ongoing technical assistance for their customized ERP solutions.
• Peripheral Hardware Sales and Integration: Provision and integration of sensors, controls, and other hardware to enable Internet of Things (IoT) connectivity within their ERP solutions.
• SaaS ERP Products (in development): Subscription-based, standardized enterprise resource planning software products leveraging their core technologies, set to launch officially in Q1 FY2026.

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Republic Power (RPGL) sells its customized ERP software solutions, consulting and technical support services, and peripheral hardware primarily to corporate clients and government agencies in Singapore and Malaysia. The company focuses on business-to-business (B2B) and business-to-government (B2G) models, not sales to individuals.

The provided background information does not list the specific names of RPGL's major customer companies or government agencies. However, it does specify the types of clients and industries it serves as its major customers. These include:

• Historically: Airports, cruise terminals, and technology companies.
• Starting in fiscal year 2024, expanded to: Trading, logistics, and property management industries.

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Ziyang Long, Chief Executive Officer & Director

Ziyang Long has served as Chief Executive Officer and Director of Republic Power Group Ltd. since 2024. He previously held directorships at Accouncity Pte Ltd. and FRV Solutions Pte Ltd. from 2018 to 2021. Mr. Long earned an undergraduate degree from the London School of Economics & Political Science in 2013.

Chak Ming Wong, Chief Financial Officer, Chief Financial Controller and Chief Compliance Officer

Chak Ming Wong has been the Chief Financial Officer of Republic Power Group Ltd. since 2025. He is a Member of the Hong Kong Institute of Certified Public Accountants. His prior experience includes working as an Auditor at KPMG Hong Kong from 2012 to 2019, a Finance Manager at Wells Fargo Bank, NA (Hong Kong Branch) from 2012 to 2015, and a Finance Manager at Sequoia Capital Pte Ltd. from 2015 to 2016. Mr. Wong holds an MBA from The University of Hong Kong (2016) and an undergraduate degree from The Hong Kong Polytechnic University (2009).

Hao Feng Ng, Chairman of the Board

Hao Feng Ng has served as the Chairman of Republic Power Group Ltd. since 2024.

Jeffrey Stagg, Independent Director

Jeffrey Stagg has been an Independent Director at Republic Power Group Ltd. since 2025. He completed his undergraduate education at the University of Louisiana at Lafayette.

Siu Wan Lo, Independent Director

Siu Wan Lo has served as an Independent Director at Republic Power Group Ltd. since 2025. Her previous roles include Account Manager at Central Wealth Securities Investment Ltd. and Central Wealth Futures Ltd. from 2016 to 2019. Ms. Lo obtained an undergraduate degree from The Hong Kong Polytechnic University in 2012.

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Key Risks to Republic Power (RPGL):

1. Challenges in Launching and Competing with Standardized SaaS ERP Products: Republic Power is developing standardized software-as-a-service (SaaS) ERP products, with a pilot launch underway and an official launch expected in the first fiscal quarter of 2026. This strategic expansion into the SaaS market introduces inherent risks related to the successful development, market acceptance, and competitive positioning of these new offerings. The company will need to effectively navigate a potentially crowded SaaS landscape and secure a customer base to achieve its goal of a recurring revenue model.
2. Dependence on Project-Based Customized ERP Solutions: Historically, Republic Power's business model has centered on delivering customized, project-based ERP systems. This model typically leads to less predictable revenue streams and potentially longer sales cycles compared to the subscription-based model of SaaS. While the company aims to complement this with its new SaaS products, a significant reliance on customized projects exposes the business to fluctuations in client demand for bespoke solutions and intense competition within the customized software sector.
3. Need for Continuous Innovation and Specialized Expertise in AI and IoT: Republic Power highlights its strength in utilizing artificial intelligence (AI) for prediction and applying algorithms, modules, and plugins, as well as its ability to deploy sensors, controls, and other hardware for Internet of Things (IoT) connectivity. Maintaining this competitive edge in rapidly evolving technological fields necessitates continuous investment in research and development and the ability to attract and retain highly specialized technical talent. Failure to keep pace with technological advancements in AI and IoT, or a shortage of skilled personnel, could diminish its capacity to deliver advanced solutions and fulfill complex client requirements.

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Singapore

• ERP Software Market: The ERP software market in Singapore was valued at approximately USD 1.72 billion in 2024 and is projected to grow to USD 2.10 billion by 2025, with an anticipated increase to USD 4.15 billion by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 14.56% from 2025 to 2030. Other estimates suggest the Singapore ERP software market reached USD 272.8 million in 2025 and is expected to reach USD 788.0 million by 2034, growing at a CAGR of 11.88% during 2026-2034. Another report indicated the market size at USD 315.46 million in 2024, projected to reach USD 1129.6 million by 2035 at a CAGR of 12.3% from 2025 to 2035.
• SaaS Market (including SaaS ERP): The Singapore SaaS market was valued at USD 5.41 billion in 2024 and is projected to reach USD 20.30 billion by 2033, demonstrating an estimated CAGR of 15.9% during the forecast period. Another estimate for the Singapore SaaS market reported a revenue of USD 989.8 million in 2024, with a projection to reach USD 2,207.8 million by 2030, at a CAGR of 13.5% from 2025 to 2030.

Malaysia

• ERP Software Market: The ERP market in Malaysia was valued at USD 336.73 million in 2024 and is expected to reach USD 777.16 million by 2032, with a projected CAGR of 11.03% from 2025 to 2032.
• SaaS Market (including SaaS ERP): The Malaysian SaaS market was valued at USD 3.25 billion in 2024 and is projected to reach USD 18.26 billion by 2033, reflecting an anticipated CAGR of 20.8% during the forecast period. Other reports indicate the Malaysia SaaS market was valued at USD 1.01 billion in 2024 and is projected to grow to USD 2.36 billion by 2030, at a CAGR of 18.48%. Another source reported the market at USD 1,614 million in 2023, estimated to reach USD 6,279 million by 2030 with a CAGR of 22.3% from 2025-2030.

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• Expansion into new industries: Republic Power expanded its customer base starting in fiscal year 2024 to include various other industries such as trading, logistics, and property management. This diversification beyond its historical focus on airports, cruise terminals, and technology companies is expected to drive new project-based revenue.
• Launch and growth of Software-as-a-Service (SaaS) ERP products: The company is conducting a pilot launch of standardized SaaS ERP products, with an official launch anticipated in the first fiscal quarter of fiscal year 2026. These subscription-based products are expected to introduce a recurring revenue model and enable Republic Power to reach a broader customer base, complementing its existing project-based customized ERP solutions.
• Rapid customization capabilities: Republic Power's core algorithm and modules are pluggable, allowing for quick development and customization of software for clients across different industries. This efficiency in fulfilling complex requirements in a shorter period is expected to increase the volume of customized ERP projects.
• Integration of IoT hardware with AI-driven software: The company's unique ability to deploy sensors, controls, and other hardware, integrating them to provide Internet of Things (IoT) connectivity with autonomous or semi-autonomous outcomes, combined with the use of artificial intelligence for prediction and operational data analysis, positions it to secure specialized projects requiring advanced, integrated solutions.

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Share Repurchases

No information regarding share repurchases for Republic Power (RPGL) was available within the last 3-5 years.

Share Issuance

• Republic Power completed its Initial Public Offering (IPO) on October 15, 2025, by selling 1,250,000 Class A ordinary shares at US$4.00 per share, resulting in aggregate gross proceeds of US$5.0 million.
• On January 30, 2026, the company closed a primary equity offering of 44,775,000 Class A ordinary shares at US$0.20 per share, which generated net proceeds of US$8,655,000.
• A 1-for-20 reverse share split was effected on February 23, 2026, to help the company regain compliance with Nasdaq listing requirements.

Inbound Investments

• On February 11, 2026, Republic Power Group Limited announced a strategic partnership with NVT aimed at advancing blockchain-enabled asset tokenization and capital markets solutions.

Outbound Investments

No information regarding outbound investments made by Republic Power (RPGL) was available within the last 3-5 years.

Capital Expenditures

• A portion of the net proceeds from the October 2025 IPO was designated for "investment in marketing and branding, and other capital expenditures," along with research and development, recruitment, and general corporate purposes.
• The net proceeds from the January 2026 offering (US$8.66 million) are intended to fund various initiatives, including capital expenditures.
• Historical Property, Plant & Equipment (PP&E) in millions of Singapore Dollars (SGD) indicates relatively low capital expenditures on physical assets: FY 2025: 0; FY 2024: 0.08; FY 2023: 0.12; FY 2022: 0.16; and FY 2021: 0.17.