Reference is made to the Company's announcement dated 21 July 2025 in relation to the resignation of Grant Thornton Malaysia PLT as the Auditors of Hong Seng.

The Board of Directors ("the Board") of Hong Seng wishes to announce that the Audit Committee and the Board have selected Morison LC PLT ("Morison") to be nominated for appointment as new Auditors of the Company for the financial period ending 30 September 2025, after taking into account, inter alia, the engagement proposal from Morison, as well as their profile, adequacy of resources and experience of their audit engagement team.

The appointment of Morison as the new Auditors of the Company is subject to the Company receiving the written consent to act as Auditors of the Company from Morison pursuant to Section 264(5) of the Companies Act 2016.

Further announcement will be made by the Company in due course once the appointment of new Auditors is finalised by the Company.

This announcement is dated 14 August 2025.