Movement of allowance for inventory obsolescence are as follows:

The Company maintains an allowance for obsolete and slow-moving inventory based on a review of inventory aging, usage, and market conditions. The allowance is reviewed at each reporting date and adjusted as necessary to reflect management’s best estimate of inventory recoverability.

As of March 31, 2025, inventories, net includes S$180,597 reclassified from contract assets to conform to the current year’s presentation, refer to Note 2, Reclassification.