The Board of Directors of OCB wishes to announce that its wholly-owned subsidiary, Agrow Malaysia Sdn Bhd, has on 25 June 2019 incorporated a wholly-owned subsidiary company in Singapore known as ACROWYN SINGAPORE PTE LTD ("ASPL") with an issued and paid-up share capital of SGD1.00 comprising one (1) ordinary share. The principal activity of ACSPL is buying, selling, fabricating spare parts and equipment in industries.

The incorporation of ASPL is not expected to have any material effect on the issued share capital of OCB nor the shareholdings of the substantial shareholders of OCB. It is also not expected to have any material effect on the net assets and earnings per share of OCB as well as its gearing for the financial year ending 31 December 2019.

None of the Directors nor major shareholders of OCB and/or persons connected with them have any interest, direct or indirect, in the above incorporation.

This announcement is dated 25 June 2019.