The Board of Directors of DKSH Holdings (Malaysia) Berhad ("the Company") wishes to announce that the following wholly-owned dormant subsidiary of the Company, has at Extraordinary General Meeting held on November 22, 2022, obtained the approval from the shareholder to commence members' voluntary winding-up pursuant to Section 439(1)(b) of the Companies Act 2016 ("Winding-Up"):

1. DKSH Central Services Malaysia Sdn Bhd (Company No. 199601021620 (393972-X)) ("DCS")

Pursuant to the above, Onn Kien Hoe and Wong Fe Mei of Crowe Advisory Sdn Bhd, Level 13, Tower C, Megan Avenue II, 12 Jalan Yap Kwan Seng, 50450 Kuala Lumpur, Malaysia have been appointed as the Liquidators for the abovementioned subsidiary on November 22, 2022.

Details of the subsidiary under the voluntary Winding-Up

Rationale for the Winding-Up

The voluntary Winding-Up is part of the Company continuing rationalization exercise to improve efficiency within the Company. In addition, the voluntary Winding-Up will enable the Company to save future costs associated with maintaining this non-trading subsidiary.

Financial effects

The voluntary Winding-Up will not have any effect on the share capital and substantial shareholders' shareholdings in the Company. The voluntary Winding-Up will not have any material effect on the earnings and net assets of the Company for the financial year ending December 31, 2022.

Interest of directors, major shareholders and/or persons connected with them

None of the directors, major shareholders of the Company or persons connected with them have any interest, direct or indirect, in the Winding-Up of DCS.

Approval Required

The voluntary Winding-Up does not require the approval of the shareholders of the Company.

This announcement is dated November 24, 2022.