The Singapore Table Tennis Association (STTA) has signed a $300,000 cash sponsorship agreement with local business Neo Garden Catering.

"I am heartened that Neo Garden Catering, a homegrown enterprise, is a strong supporter of a popular local sport," said STTA president Lee Bee Wah on the first sponsorship the association had received this year.

The three-year agreement, starting from April, was signed on Tuesday morning at the STTA's premises in Toa Payoh. National paddlers Feng Tianwei and Clarence Chew were also present at the ceremony.

Neo Kah Kiat, founder and CEO of Neo Group Limited, said he wanted to sponsor STTA as he was passionate about the sport. He played table tennis actively in his youth and has tables set up at home and in his office.

He said: "I believe our sponsorship provides the perfect opportunity to allow youths to develop their passion for table tennis and nurture them to be the best that they aspire to be. I see a reflection of myself in them as I was equally fervent about it many years back.

"Most importantly, this is my passion. I love table tennis. I want to advocate a healthy lifestyle through the sport."

With the agreement, Neo Garden Catering's logo will be featured on the front of the national team jersey.