{"filing": {"accession": "0001493152-26-041241", "cik": "0001964314", "ticker": "JBDI", "company_name": "JBDI Holdings Ltd", "form_type": "20-F", "filing_type": "20-F", "filing_date": "2026-09-02", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1964314/000149315226041241/0001493152-26-041241-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1964314/000149315226041241/0001493152-26-041241-index.htm", "period_of_report": "2026-05-31"}, "html_url": "/api/filings/000149315226041241/stream", "exhibits": [], "sections": [{"section_name": "part_1", "section_title": "Part I", "start_position": 4962, "end_position": 5641}, {"section_name": "part_2", "section_title": "Part II", "start_position": 5641, "end_position": 6454}, {"section_name": "part_3", "section_title": "Part III", "start_position": 6454, "end_position": 198056}, {"section_name": "part_4", "section_title": "Part IV", "start_position": 198056, "end_position": 469922}], "tables": [{"table_index": 4, "table_type": "text", "caption": null, "header_text": "Title\n of each classTrading\n symbolName\n of each exchange on which registered"}, {"table_index": 5, "table_type": "text", "caption": null, "header_text": "Large\n Accelerated Filer \u2610Accelerated\n Filer \u2610Non-accelerated\n filer\u2612"}, {"table_index": 8, "table_type": "exhibit_index", "caption": null, "header_text": "Page"}, {"table_index": 18, "table_type": "text", "caption": null, "header_text": "\u25cfinterruptions\n to our delivery capabilities;"}, {"table_index": 21, "table_type": "financial", "caption": null, "header_text": "\u25cflimit\n our ability to pay dividends or require us to seek consent for the payment of dividends;"}, {"table_index": 24, "table_type": "text", "caption": null, "header_text": "\u25cfa\n limited availability of market quotations for our Ordinary Shares;"}, {"table_index": 25, "table_type": "financial", "caption": null, "header_text": "\u25cffluctuations\n in our Operating Subsidiaries\u2019 revenues, earnings and cash flow;"}, {"table_index": 28, "table_type": "text", "caption": null, "header_text": "\u25cftariffs;"}, {"table_index": 31, "table_type": "financial", "caption": null, "header_text": "\u25cffluctuations\n in our revenues, earnings and cash flow;"}, {"table_index": 35, "table_type": "financial", "caption": null, "header_text": "\u25cfAt\n least 75% of our gross income for the year is passive income; or"}, {"table_index": 37, "table_type": "text", "caption": null, "header_text": "\u25cfhave\n a majority of the board of directors consist of independent directors;"}, {"table_index": 38, "table_type": "text", "caption": null, "header_text": "\u25cfthe\n rules under the Exchange Act requiring the filing of quarterly reports on Form 10-Q or current reports on Form 8-K with the SEC;"}, {"table_index": 45, "table_type": "text", "caption": null, "header_text": "YearMilestone"}, {"table_index": 49, "table_type": "text", "caption": null, "header_text": "1.2.3."}, {"table_index": 50, "table_type": "text", "caption": null, "header_text": "4.5.6."}, {"table_index": 55, "table_type": "text", "caption": null, "header_text": "Machinery/vehiclesNumber\n of unitsFunction/usageApproximate\n ageApproximate\nremaininguseful life(1)"}, {"table_index": 58, "table_type": "financial", "caption": null, "header_text": "1.Plant\n - A leasehold estate at 34 Gul Crescent, Singapore 629538 of approximately 6,000 square meters leased by Jurong Barrels from JTC\n under a lease that terminates on May 15, 2041 (unless further"}, {"table_index": 59, "table_type": "text", "caption": null, "header_text": "DescriptionIssuing\n AuthorityExpiry\n DateIssued\n to"}, {"table_index": 63, "table_type": "text", "caption": null, "header_text": "\u25cfto\n ensure leadership capability;"}, {"table_index": 66, "table_type": "text", "caption": null, "header_text": "\u25cfconducting\n risk assessments for non-routine activities;"}, {"table_index": 67, "table_type": "text", "caption": null, "header_text": "\u25cfGlobal\n Barrels Industries Pte Ltd"}, {"table_index": 69, "table_type": "text", "caption": null, "header_text": "PositionNumber\n of Employees"}, {"table_index": 73, "table_type": "text", "caption": null, "header_text": "(a)Consignor:means any person who presents a consignment of toxic industrial waste for transport or on whose behalf such consignment is presented."}, {"table_index": 75, "table_type": "text", "caption": null, "header_text": "(a)Sodium\n hydroxide (50.00% purity, at a maximum quantity of 100.00 litres permitted to be stored): To prevent grease;"}, {"table_index": 76, "table_type": "text", "caption": null, "header_text": "(a)any\n heavy goods vehicle or concrete mixer, the maximum laden weight of which exceeds 5,000 kilograms;"}, {"table_index": 77, "table_type": "text", "caption": null, "header_text": "(a)procure\n a designated parking space for the parking of the heavy vehicle; or"}, {"table_index": 79, "table_type": "text", "caption": null, "header_text": "1.bicycles;\n 1A. power-assisted bicycles"}, {"table_index": 84, "table_type": "text", "caption": null, "header_text": "\u25cfhoist\n or lift;"}, {"table_index": 86, "table_type": "text", "caption": null, "header_text": "(a)report\n the accident to his employer in order to submit a claim for compensation through the MOM without needing to prove fault or negligence\n on anyone\u2019s part. There is a fixed formula in the WICA"}, {"table_index": 92, "table_type": "financial", "caption": null, "header_text": "\u25cfDemand\nfrom our major customer groups- Our aggregate sales generated from our top five customers were approximately 26.4% and 32.3%\nof our total revenue for the financial years ended May 31, 2025 and"}, {"table_index": 94, "table_type": "financial", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 95, "table_type": "text", "caption": null, "header_text": "Financial\n Years Ended May 31,"}, {"table_index": 97, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 98, "table_type": "text", "caption": null, "header_text": "Financial\n Years Ended May 31,"}, {"table_index": 100, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 101, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 103, "table_type": "financial", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 105, "table_type": "financial", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 106, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 108, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 109, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 111, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 112, "table_type": "text", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 114, "table_type": "financial", "caption": null, "header_text": "Financial Years Ended May 31,"}, {"table_index": 116, "table_type": "text", "caption": null, "header_text": "For the Financial Years Ended May 31,"}, {"table_index": 118, "table_type": "text", "caption": null, "header_text": "As of May 31,"}, {"table_index": 119, "table_type": "text", "caption": null, "header_text": "As of May 31,"}, {"table_index": 121, "table_type": "text", "caption": null, "header_text": "As\n of May 31,"}, {"table_index": 122, "table_type": "financial", "caption": null, "header_text": "Contractual ObligationsTotal1 Year and belowMore than1 to 3 YearsMore than3 to 5 YearsMore than5 Years"}, {"table_index": 124, "table_type": "text", "caption": null, "header_text": "Term ofAnnualAs of May 31,"}, {"table_index": 134, "table_type": "text", "caption": null, "header_text": "Expected useful life"}, {"table_index": 138, "table_type": "text", "caption": null, "header_text": "\u25cfInvoiced;"}, {"table_index": 160, "table_type": "text", "caption": null, "header_text": "NameAgeTitle"}, {"table_index": 165, "table_type": "text", "caption": null, "header_text": "\u25cfappointing,\n approving the compensation of, and assessing the independence of our independent registered public accounting firm;"}, {"table_index": 166, "table_type": "text", "caption": null, "header_text": "\u25cfevaluating\n the performance of our Chief Executive Officer in light of our company\u2019s corporate goals and objectives and, based on such\n evaluation: (i) recommending to our Board the cash compensation"}, {"table_index": 168, "table_type": "text", "caption": null, "header_text": "\u25cfdeveloping\n and recommending to our Board\u2019s criteria for board and committee membership;"}, {"table_index": 169, "table_type": "text", "caption": null, "header_text": "\u25cfthe\n Shareholder Approval Requirements under Section 5635 of the Nasdaq listing rules; and"}, {"table_index": 171, "table_type": "text", "caption": null, "header_text": "Name and Principal PositionYearSalary(S$\u2019000)Bonus(S$\u2019000)"}, {"table_index": 173, "table_type": "text", "caption": null, "header_text": "\u25cfeach\n person, or group of affiliated persons, known by us to beneficially own more than 5% of our shares;"}, {"table_index": 175, "table_type": "text", "caption": null, "header_text": "Ordinary\n Shares Beneficially Owned"}, {"table_index": 176, "table_type": "text", "caption": null, "header_text": "(1)Mr.\n Lim Chwee Poh is the spouse of Ms. Siow Kim Lian, the father of Mr. Lim Tze Chong, Patrick and Mr. Lim Tze Ming, Kelvin and the brother\n of Mr. Lim Kim Seng."}, {"table_index": 178, "table_type": "text", "caption": null, "header_text": "For the Financial Years Ended May 31,"}, {"table_index": 180, "table_type": "text", "caption": null, "header_text": "(1)KDS\n Steel Pte Ltd., a Singapore company, was owned by E U Holdings, a major shareholder of the Company, prior to July 2025, at which\n time it was transferred to an unaffiliated third party."}, {"table_index": 183, "table_type": "text", "caption": null, "header_text": "(i)all\n dividends shall be declared and paid according to the amounts paid up on the shares in respect of which the dividend is paid, although\n no amount paid up on a share in advance of calls shall f"}, {"table_index": 184, "table_type": "text", "caption": null, "header_text": "(aa)that\n such dividend be satisfied wholly or in part in the form of an allotment of shares credited as fully paid up, provided that the members\n entitled to such dividend will be entitled to elect t"}, {"table_index": 187, "table_type": "financial", "caption": null, "header_text": "(i)if\n our Company is wound up, the surplus assets remaining after payment to all creditors shall be divided among the members in proportion\n to the capital paid up on the shares held by them respecti"}, {"table_index": 189, "table_type": "text", "caption": null, "header_text": "(i)in\n the case of an annual general meeting, by all members of our Company entitled to attend and vote thereat; and"}, {"table_index": 191, "table_type": "text", "caption": null, "header_text": "(a)increase\n our share capital by new shares of the amount fixed by that ordinary resolution and with the attached rights, priorities and privileges\n set out in that ordinary resolution;"}, {"table_index": 196, "table_type": "financial", "caption": null, "header_text": "\u25cfsuch\n excess distribution and/or gain will be allocated ratably over the U.S. Holder\u2019s holding period for the Ordinary Shares;"}, {"table_index": 199, "table_type": "text", "caption": null, "header_text": "May 31, 2025May 31, 2026"}, {"table_index": 202, "table_type": "text", "caption": null, "header_text": "Financial\n Years Ended May 31,"}, {"table_index": 204, "table_type": "text", "caption": null, "header_text": "PeriodTotal number ofshares purchased(1)Average pricepaid per shareTotal number of shares purchased as part of publicly\n announced plans or programsMaximum number of shares that may yet be purchased\n "}, {"table_index": 208, "table_type": "text", "caption": null, "header_text": "a.Cybersecurity\n Incidents - an unauthorized occurrence on or conducted through its information system that jeopardizes the confidentiality, integrity,\n or availability of its information systems or a"}, {"table_index": 209, "table_type": "text", "caption": null, "header_text": "2.Assessment:\n We periodically assess our risks relating to cybersecurity threats, including risks relating to our reliance on third parties. In\n so doing, we consider the likelihood and impact that c"}, {"table_index": 211, "table_type": "financial", "caption": null, "header_text": "PAGE"}, {"table_index": 215, "table_type": "financial", "caption": null, "header_text": "20262025"}, {"table_index": 217, "table_type": "financial", "caption": null, "header_text": "202620252024***"}, {"table_index": 218, "table_type": "financial", "caption": null, "header_text": "*The\n figures are insignificant."}, {"table_index": 220, "table_type": "financial", "caption": null, "header_text": "\u2018000$\u2019000$\u2019000$\u2019000$\u2019000$\u2019000$\u2019000$\u2019000"}, {"table_index": 223, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 226, "table_type": "text", "caption": null, "header_text": "NameBackgroundEffective\n ownership"}, {"table_index": 233, "table_type": "text", "caption": null, "header_text": "May 31, 2026May 31, 2025"}, {"table_index": 238, "table_type": "text", "caption": null, "header_text": "Expected\n useful life"}, {"table_index": 242, "table_type": "financial", "caption": null, "header_text": "Step\n 1:Identify\n the contract(s) with a customer."}, {"table_index": 243, "table_type": "text", "caption": null, "header_text": "\u25cfInvoiced."}, {"table_index": 253, "table_type": "financial", "caption": null, "header_text": "20252026"}, {"table_index": 262, "table_type": "financial", "caption": null, "header_text": "\u25cfLevel\n 1: Inputs are based upon unadjusted quoted prices for identical instruments traded in active markets;"}, {"table_index": 265, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 266, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 268, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 269, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 270, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 272, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 273, "table_type": "text", "caption": null, "header_text": "Term ofAnnualAs of May 31,"}, {"table_index": 275, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 276, "table_type": "financial", "caption": null, "header_text": "20262025"}, {"table_index": 278, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 279, "table_type": "financial", "caption": null, "header_text": "Financial Years Ending May 31,Operatinglease amount"}, {"table_index": 281, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 283, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 284, "table_type": "financial", "caption": null, "header_text": "202620252024"}, {"table_index": 286, "table_type": "text", "caption": null, "header_text": "As of May 31,"}, {"table_index": 287, "table_type": "text", "caption": null, "header_text": "(1)Inneova\n Engineering Pte Ltd is a company incorporated in Singapore and owned25% by Mr. Neo Chin Heng, who also owns50% of E U Holdings,\n a41.5% shareholder of the Company."}, {"table_index": 289, "table_type": "text", "caption": null, "header_text": "For the Financial Years Ended May 31,"}, {"table_index": 291, "table_type": "text", "caption": null, "header_text": "(1)KDS\n Steel Pte Ltd was previously owned by E U Holdings Pte Ltd and was divested to a 3rdparty company by E U Holdings Pte\n Ltd on July 22, 2025."}, {"table_index": 295, "table_type": "text", "caption": null, "header_text": "202620252024"}, {"table_index": 298, "table_type": "text", "caption": null, "header_text": "\u25cfActual\n or expected significant adverse changes in business, financial or economic conditions that are expected to cause a significant change\n to the debtor\u2019s ability to meet its obligations"}, {"table_index": 305, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit\n No.Description\n of document"}, {"table_index": 307, "table_type": "text", "caption": null, "header_text": "Date:\n September 2, 2026/s/\n Lim Chwee Poh"}], "exhibits_pending": true, "cdn_html": true, "response_time_ms": 33}