SIN HENG CHAN (MALAYA) BERHAD (“SHC” OR “COMPANY”)

I. PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF SHC TO INCLUDE THE ENGINEERING, PROCUREMENT AND CONSTRUCTION OF DISTRICT COOLING SYSTEMS, THE SUPPLY OF COOLING ENERGY FROM DISTRICT COOLING SYSTEMS AND RELATED ACTIVITIES, AND THE PROVISION OF ENERGY AND FACILITY MANAGEMENT SERVICES (“PROPOSED DIVERSIFICATION”);

II. PROPOSED ACQUISITION BY SHC OF 100% EQUITY INTEREST IN TUNAS COOL ENERGY SDN BHD (“TCE”) FOR A TOTAL CASH CONSIDERATION OF RM7.5 MILLION (“PROPOSED ACQUISITION OF TCE”);

III. PROPOSED ACQUISITION BY SHC OF 25% EQUITY INTEREST IN KJ TECHNICAL SERVICES SDN BHD (“KJTS”) FOR A TOTAL CONSIDERATION OF RM10.0 MILLION TO BE SATISFIED BY A COMBINATION OF CASH PAYMENT OF RM5.0 MILLION AND THE ISSUANCE OF 5,000,000 NEW ORDINARY SHARES IN SHC (“SHC SHARES”) AT THE ISSUE PRICE OF RM1.00 PER SHC SHARE (“PROPOSED ACQUISITION OF KJTS”); AND

IV. PROPOSED SHAREHOLDERS’ MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE (“PROPOSED MANDATE”)

(THE ABOVE ARE COLLECTIVELY REFERRED TO AS THE “PROPOSALS”, AND THE PROPOSED ACQUISITION OF TCE AND PROPOSED ACQUISITION OF KJTS ARE COLLECTIVELY REFERRED TO AS THE “PROPOSED ACQUISITIONS”)

On behalf of SHC, CIMB Investment Bank Berhad wishes to announce that the shareholders of SHC had, at the Extraordinary General Meeting (“EGM”) of the Company held on 8 June 2017, approved all the ordinary resolutions set out in the Notice of EGM of the Company dated 24 May 2017 which was decided by poll as required under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

The results of the poll which were validated by Mega Business Consultancy Unit, the Independent Scrutineer appointed by the Company, are as follows:

Note:

* Decided by the non-interested shareholders of SHC only.

This announcement is dated 8 June 2017.