The Board of Directors of Hiap Teck Venture Berhad ("HTVB" or "the Company") is pleased to announce that the shareholders of HTVB have approvedthe sole resolution relating to the provision of financialassistance in the form of Corporate Guarantees of up to RM140.0 million in favour of Eastern Steel Sdn Bhd ("EESB"), a 35% equity interest owned joint venture of HTVBset out in the Notice of the Extraordinary General Meeting ("EGM") dated 20 June 2019 by way of poll at the EGM held today. The resultof the poll was validated by NGL Tricor Governance Sdn Bhd, the independent scrutineer appointed by the Company.

Please refer to the attachment for the results of the poll at the EGM.

This announcement is dated 10 July 2019.