Pursuant to Paragraph 8.23(1)(ii) and Practice Note 11 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Listing Requirements”), the Board of Directors of Hong Seng wishes to announce the financial assistance provided by its wholly-owned subsidiary, Hong Seng Capital Sdn Bhd (“HSCSB”), a money lending company, pursuant to its ordinary course of business as at 31 December 2024 as set out below:-

Type of Financial Assistance

Amount (RM)

Loans extended to customers in the ordianry course of HSCB's business

48,991,423

The provision of financial assistance as set out above have no material impact on the net assets and earnings per share of Hong Seng and its subsidiaries for the period ended 31 December 2024.

The details of the Provision of Financial Assistance pursuant to Paragraph 8.23(1)(ii) of the Listing Requirements are set out in the attachment.

This announcement is dated 26 February 2025.