The Board of Directors of Hap Seng Consolidated Berhad wishes to announce that its wholly-owned subsidiary, Hap Seng Land Development (JTR) Sdn Bhd (“HSLD (JTR)”) was dissolved by way of members' voluntary winding up on even date.

HSLD (JTR) was incorporated in Malaysia on 19 June 2007 as a private limited company. HSLD (JTR) was principally involved in property development and had commenced its members’ voluntary winding up on 30 November 2021. HSLD (JTR) is a wholly-owned subsidiary of HSLD which in turn is the wholly-owned subsidiary of HSCB.

Prior to the winding up, HSLD (JTR) had an issued and paid-up share capital of RM500,000 comprising 500,000 ordinary shares.

The winding up of HSLD (JTR) would not have any material effect on the earnings and net assets of HSCB Group for the financial year ending 31 December 2026.

To the best of the knowledge of the directors, none of the directors or major shareholders or persons connected to the directors or major shareholders of the Company has any interests, direct or indirect, in the said winding up of HSLD (JTR).

cc: Securities Commission