- Rectitude joins PT Royal Nusantara in an exploratory visit to Indonesia’s new capital city, IKN
- Discussions focused on evaluating potential opportunities related to exploring green energy and safety technology within IKN’s large-scale development plan
- Engagement included meetings with the IKN Authority and coincided with CEO Jian Zhang receiving the honorary “Tan Sri” title from Sultan Paser 18
SINGAPORE, December 17, 2025 – Rectitude Holdings Ltd. (Nasdaq: RECT; the “Company” or “Rectitude”), a Singapore-based provider of safety equipment and related industrial products, today announced that representatives of the Company joined PT Royal Nusantara Raya Group (“Royal Nusantara”) in an exploratory visit to Indonesia’s new capital city, Ibu Kota Nusantara (“IKN”). The visit included presentations by the Nusantara Capital City Authority regarding the investment framework, available development opportunities, and the favorable conditions for the licensing and approval processes.
The Rectitude team, comprising CEO Jian Zhang, Consultant Mr. Henry Yap, and Rectitude Safety Equipment Cambodia Manager Mr. Lyu Ye, engaged directly with senior officials from the IKN Authority to review development priorities and understand the regulatory pathways available to foreign investors. With the participation of Sultan Paser 18, Dr. M.H. Andrian ST., MBA, founder of Royal Nusantara and a key regional business leader, representatives of the Company participated in preliminary discussions to evaluate how Rectitude’s green energy platforms, advanced safety equipment, and industrial hardware systems may align with Indonesia’s national capital development plan.
During the visit, Mr. Zhang was conferred the honorary “Tan Sri,” a non-governmental ceremonial title, by Sultan Paser 18, recognizing his leadership and contributions to regional business collaboration and development. Rectitude believes the recognition highlights the strengthening relationship between the Company and key stakeholders supporting Indonesia’s national development initiatives.
Rectitude’s participation reinforces the Company’s long-term strategy to evaluate growth opportunities in green energy and infrastructure solutions across Asia. The Company believes that IKN’s large-scale development plan, as publicly described, combined with publicly announced government-backed incentives and licensing processes, presents meaningful potential for both commercial deployment and the introduction of Rectitude’s advanced technologies into the Indonesian market. (ASEAN Briefing, 2022)
“We appreciate the opportunity to engage with the IKN Authority and Royal Nusantara as we evaluate potential opportunities to contribute innovative green energy and safety solutions to this national project,” said Jian Zhang, Chairman, Chief Executive Officer, and Executive Director at Rectitude. “At this stage, our focus is on understanding the development framework and determining whether our technologies and operational capabilities could be relevant to the needs of the new capital city. We look forward to maintaining constructive engagement with local stakeholders as we assess potential opportunities that can benefit both Indonesia and the broader region.”
About Rectitude
Founded in 1997 in Singapore, Rectitude is principally involved in the provision of safety equipment, encompassing essential items such as personal protective clothing, gloves, safety footwear, personal fall arrest systems, portable fire extinguishers and traffic products. The Company also offers auxiliary products such as industrial hardware tools and electrical hardware required for construction sites. Rectitude’s products and solutions are marketed to a wide array of distributor networks and end markets, both in Singapore and increasingly throughout the Southeast Asian region, including Brunei, Cambodia, Malaysia, Indonesia, and Vietnam. For more information, please visit the Company’s website: https://ir.rectitude.com.sg
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements, including, but not limited to, the Company's plans, strategies and business development initiatives. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.
For investor and media inquiries, please contact:
Rectitude
Investor Relations
Email: ir@rectitude.com.sg
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global