Newsroom

Contracts include the provision of grandstands and premier seating for spectators,
corporate and team hospitality suites and garage fit-out

(Hong Kong, 8 July 2013) - Pico Far East Holdings Limited ("Pico" or "The Group", HKEx: 0752), a global Total Brand Activation company, announced today the Group has won new contracts for FORMULA 1 SINGAPORE GRAND PRIX.

Under the new contracts, Pico has been appointed by Singapore GP Pte Ltd, the race promoter for FORMULA 1 SINGAPORE GRAND PRIX to create hospitality suites at Turn 1 to 3, team hospitality suites and garage fit-outs for the annual event from 2013 to 2017. In addition, Pico will also be constructing the Turn 1, Turn 2, Turn 3, Stamford and Connaught Grandstands for the 2013 to 2015 races, with an option to extend for an additional two years.

Beginning with the inaugural 2008 FORMULA 1 night race in Singapore, Pico was granted a five-year contract, which ended in September 2012, to provide hospitality suites and VIP lounges for sponsors and teams.

Ms. Jean Chia, Managing Director of Pico Singapore, said, “Winning this second batch of contracts means that we have won the continuous trust and support of our valued clients. For Pico, this is the greatest recognition of our diligence and high-quality service. We are working hard to prepare to deliver our world-class service for the forthcoming race in September this year, which I have no doubt will be a great success.”