(For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the Company’s announcements dated 15 October 2020, 16 October 2020, 20 November 2020, 26 November 2020, 3 December 2020, 4 December 2020 and 10 December 2020 in relation to the Proposed Diversification)

Further to our announcements in connection to the Proposed Diversification. Mah Sing Group is exploring the listing of its manufacturing division within the next five years.

The Proposed Diversification which consists of the new glove business and other healthcare related products are expected to enhance the existing manufacturing division as they are targeting the global market.

Thus, the potentially enlarged division may warrant a separate listing under a separate management team to unlock its value, and we are exploring listing in Hong Kong.

This announcement is dated 17 December 2020.