ELC Group Holdings Ord Shs Class A (Proposed)

ELC Group Holdings Ltd. is an investment holding company. The Company, through its subsidiary EL Connect Pte Ltd, is principally engaged in providing manpower resources and selling facility management software licenses. The Company provides services such as manpower supply, manpower contracting, software as a service (SaaS), sale of software license - use of intellectual property, Sale of software license - after-sale, technical support, project management, others - local courier, and others - software maintenance. Manpower supply services provide a digitalized hiring process on EL Connect Mobile Application/Website/Platform where the customers (hirers) post their job requests, and the part-time workers are seeking jobs. Manpower contracting services provides cleaning services. The sale of software licenses includes two performance obligations: sale of the custom-made and rebranded license of the Company’s software solution Taskforce and the provision of after-sale technical support.