The Board of Directors of KHIB wishes to announce that Kein Hing Muramoto (Vietnam) Co., Ltd. (“KHMV”), a 75%-owned subsidiary of the Company, has incorporated a new subsidiary namely Kein Hing Muramoto (Hung Yen) Joint Stock Company (Enterprise Registration Certificate No. 0901177901) (“KHMH”) in Vietnam on 20 January 2025.

The Charter Capital of KHMH is VND30,000,000,000 (Vietnam Dong Thirty Billion) only, equivalent to approximately RM5.2 million, divided into 3,000,000 shares at a par value of VND10,000 per share for which 51% is owned by KHMV.

The principal activities of KHMH are sheet metal forming, precision machining, assembly of components and manufacturing and fabrication of tools and dies for electronic, automotive and other industries.

The incorporation of KHMH will not have any material impact on the earnings and net assets of KHIB Group as it will remain dormant for the financial year ending 30 April 2025. An announcement will be made in future when KHMH commences activities.

None of the Directors and/or major shareholders of the Company or persons connected to them have any interest, direct or indirect in the incorporation of KHMH.

This announcement is dated 21 January 2025.