MEDIA RELEASE

SGTraDex and TradeGo Establishes Long-Term StrategicPartnership to Broaden Cross-Border Exchange of Electronic Billsof Lading (eBLs)

Singapore, 6 September 2023 - SGTraDex and TradeGo solidifies strategic
partnership with signing of Memorandum of Understanding (MoU) on 1 September
2023. The partnership aims to accelerate the global adoption of Electronic Bills ofLading (eBLs) and symbolises a significant step towards refining trade
documentation processes, amplifying operational efficiency, and championing thedigitisation of global trade.
The partnership also provisions future collaboration on other supply chain relevant
areas which may add value to the ecosystem, including but not limited to Bunker
Delivery Notes.

Paving the way to an eBL-centric world
A digital variant of the traditional paper-based Bill of Lading, eBLs are crucial trade
documents that acknowledge the receipt of goods and serves as evidence of thecontract of carriage. eBLs offer advantages such as reduced paperwork, fasterdocument processing, and enhanced security. Key trading hubs have embraced theUnited Nations Commission on International Trade Law's (UNCITRAL) Model Law
on Electronic Transferable Records (MLETR) to establish the legal framework for therecognition and standardisation of eBLs. With the most recent being the UK, which
passed the Electronic Trade Documents Act 2023 set to come into force on 20
September 2023.

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The partnership between SGTraDex and TradeGo will concentrate its effort oninternational trade through the convergence of their collective expertise representing
their respective countries of origin and beyond. The two entities are committed totransitioning trade operations away from conventional paper-based methods andtowards the modernised efficiency and transparency afforded by eBLs.

Platforms integration
In a joint endeavour to establish seamless connectivity, TradeGo and SGTraDex will
explore integration of both their respective platforms. This integration will befacilitated by harnessing Application Programming Interfaces (APIs) from both
platforms to establish a frictionless channel for the exchange of eBLs and essential
trade documents. The outcome is a streamlined process that empowers businesses
to navigate trade intricacies with heightened efficiency.
Both platforms will make use of the TradeTrust framework offered by IMDA, theInfocomm Media Development Authority of Singapore, for the issuance, transfer andsurrender of Electronic Bills of Lading (eBLs) to support the trade process.
Ms. Thaw Yee Leng, Head of Market Development, SGTraDex said "We are excitedabout the prospects that our collaboration with TradeGo holds. The integration ofSGTraDex and TradeGo’s platforms to drive interoperability and eBL adoption
leveraging TradeTrust framework represents a significant stride towards modernisingcross-border trade. This is very well aligned with SGTraDex’s commitment to further
digitalisation and enhanced efficiency in international trade."

Joint go-to-market strategy
In addition to technical implementation, the collaboration also involves thedevelopment of a cohesive commercial strategy. By synergising their expertise andcapabilities, SGTraDex and TradeGo aim to drive the widespread adoption of eBLs
across both platforms, as well as among their respective affiliates and adopters. This2

united effort underscores their shared commitment to providing the trade ecosystemwith a seamlessly integrated solution for managing their trade documentation needs.
Reflecting on the collaboration, TradeGo’s Executive Director of Mineral & Metal,
Steven Zhou, said: "TradeGo believes in building an ecosystem together with likeminded partners to bridge the international trading community seamlessly. Thisenhances their user experience via having better operational efficiency, better
service offerings and greater data security. We are confident this could be achieved
through our partnership with SGTraDex."
Trade digitisation has become the future trend of trade transformation, for which eBL
will be a significant driving force, bringing opportunities and value-add to theindustry. In future, SGTraDex and TradeGo will keep deepening their collaborationand jointly promote the development of trade digitisation and the digital ecosystem.

3Notes to Editor:
Group Photo:

From left: Ms. Aparna Chandrasekar, SGTraDex | Mr. Jason Ong, SGTraDex |Ms. Thaw Yee Leng, SGTraDex | Mr. Steven Zhou, TradeGo | Mr. Lai Kwan Chin,
TradeGo

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.

4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

About TradeGo
Established in 2021, the Singapore registered TradeGo is a blockchain-based
commodity trade service platform founded by a cross-industry consortium. TradeGo
has been devoted to trade digitalisation including solutions for electronic trade
documents and trade finance, to create a more efficient, safe, and modernised trade
ecosystem.

Media Contact
Alvin Teu
Marketing Manager, SGTraDex
alvin.teu@sgtradex.com

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