MEDIA RELEASE

SGTraDex signs MOU with key partners to accelerate digitalisation in thelogistics sectorSingapore, 11 July 2023 – A Memorandum of Understanding (MOU) calling for
Digital Collaboration for Logistics Innovation was penned by key logistics players at
the “Conference on Collaborative Data in Supply Chain: The SGTraDex Advantage”
event supported by Enterprise Singapore (EnterpriseSG) and the Infocomm MediaDevelopment Authority (IMDA).
The MOU was signed by representatives from SGTraDex, PSA Corporation Ltd(PSA), Industry Solution Providers CargoERP, Innosys, Keyfields and Haulio, andTrade Associations CDAS, SLA and STA.

Details of the MOU
The MOU sought to affirm partnership between the industry represented by theTrade Associations, PSA and Industry Solution Providers, to jointly develop andaccelerate digital collaboration for the logistics sector with SGTraDex through:1. Fostering a data-driven logistics ecosystem by driving the adoption of digitalsolutions and data connectivity through SGTraDex.
2. Joint outreach to advocate, communicate, and market the initiative to thebroader logistics sector.

Specifically, SGTraDex’s MOU with PSA called for the joint development of industry
tools and applications which will support the larger objective of enhancing trade andsupply chain efficiency.

1Sriram Ramanujam, Assistant Vice President (Community Solutions and DigitalSolutions), PSA, said “PSA is committed to accelerating the digital transformation of
the logistics sector. We firmly believe that data connectivity is crucial in thistransformation. By incorporating SGTraDex to enable our Intelligent Logistics
Ecosystem suite of products, we aim to foster a seamless flow of data among ournetwork of partners and stakeholders, enabling greater visibility and efficiency.”
Lam Peng Foo, Managing Director, Innosys said “This partnership with SGTraDexaligns with our vision of creating a connected and sustainable supply chain. By
integrating our Freight Master suite of sub systems to SGTraDex, we aim to foster
innovation, efficiency, and resilience among our customers and the logistics industry.
Lim Kian Chin, Chairman, Singapore Transport Association, said “STA is committedto promote data sharing initiatives and digital transformation for industry. With thisMOU signing, we are dedicated to creating an inclusive and connected logistics
ecosystem through active engagement and collaboration with SGTraDex.”

Enhancing efficiency in the logistics sector
Increased data sharing and interoperability within the logistics sector would improvevisibility and traceability in cargo and asset movements.
It would allow better operation forecasting at key logistics nodes such as ports anddepots. In addition, cargo carriers such as shipping lines and hauliers could further
optimise their schedules and minimise potential delays, enjoying productivity
improvements. This would enhance overall efficiency across the supply chain tobenefit the ecosystem.

Overcoming challenges in the logistics sector
These MOU terms signify a comprehensive and collaborative approach towards
advancing digitalisation and data sharing in the logistics sector. The commitment
from the MOU signatories and the facilitation provided by SGTraDex are aimed at2

creating a more efficient, interconnected, and standardised supply chain ecosystem.
By promoting data exchange, innovation, and collaboration, this partnership will drive
positive transformation within the industry, benefiting all stakeholders involved.
Thaw Yee Leng, Head of Market Development, SGTraDex said "SGTraDex iscommitted to creating a thriving digitalised ecosystem for the logistics sector. We
believe that the partnerships forged through this MOU well reflects the shared visionthat will pave the way for new value creation and opportunities benefiting theindustry. By fostering a data-driven supply chain through a common data
environment, we are optimistic about the positive impact we can achieve as acommunity in improving efficiency and unlocking untapped potential within theindustry."“EnterpriseSG is supportive of the industry-wide digitalisation and data sharing
efforts by SGTraDex, including its latest MOU that seeks to strengthen collaboration
between different stakeholders. For example, through this MOU, large corporates
and SMEs in the ecosystem can leverage on data sharing and collaborate to develop
targeted solutions that would benefit the industry,” said Mr Law Chung Ming,
Executive Director for Transport & Logistics, EnterpriseSG. “EnterpriseSG willcontinue to partner logistics companies in their digitalisation journeys and leverage
infrastructure such as SGTraDex to enhance operational efficiency.”

3Notes to editor:
Group photo:Standing from left:
Mr Tan Chong Meng, Vice Chairman, SGTraDex Services | Mr Lee Pak Sing,Assistant Chief Executive Officer, Trade and Connectivity, Enterprise Singapore |Mr Tan Chin Hwee, Chairman, SGTraDex Services
Seated from left:
Mr Lim Boon Tiong, Deputy President, Container Depot Logistics Association(Singapore) | Mr Peter Lim, 2nd Deputy Chairman, Singapore Logistics Association |Mr Lim Kian Chin, Chairman, Singapore Transport Association | Mr Sriram
Ramanujam, Assistant Vice President (Community Solutions and Digital Solutions),
PSA Portnet | Ms Thaw Yee Leng, Head of Market Development, SGTraDexServices | Mr Kevin Zhang, CEO, CargoERP | Mr Alvin Ea, CEO, Haulio | Mr Lam
Peng Foo, Managing Director, Innosys | Mr Kenny Tan, CEO, KEYfields

4About SGTraDex
Launched on 1 June 2022, the Singapore Trade Data Exchange (SGTraDex) is adigital utility that facilitates the sharing of data between supply chain ecosystem
partners, streamlining information flows through a common data highway where data
can be shared in a trusted, secure and inclusive manner.
SGTraDex uses proprietary technology anchored through a public-private
partnership model to resolve pain points in supply chain ecosystems including aheavy reliance on a paper-based system which lacks efficiency, transparency andsustainability. The move to digitise information will increase productivity and build
supply chain resilience. New efficiencies and opportunities will be unlocked whenecosystem partners can collaborate to achieve a shared visibility of the end-to-end
supply chain. For more information, visit sgtradex.com
Media Contact
Alvin Teu
Marketing Manager, SGTraDex
alvin.teu@sgtradex.com

5