The Board of Directors of Hong Seng Consolidated Berhad ("the Company") wishes to inform that the Company is proposing to change its name from "Hong Seng Consolidated Berhad" to "HKL Consolidated Berhad" ("Proposed Change of Name").

The proposed name "HKL Consolidated Berhad" was approved and reserved by the Companies Commission of Malaysia ("CCM") on 4 July 2024.

The Proposed Change of Name is subject to the approval of the Company's shareholders at an Annual General Meeting, which will be convened at a later date to be announced. A circular to shareholders with details of the Proposed Change of Name will be issued to the shareholders in due course.

The Proposed Change of Name, if approved by the shareholders, will take effect from the date of issuance of the Notice of Registration of New Name by the CCM to the Company.

This announcement is dated 4 July 2024.