The Board of Directors of New Hoong Fatt Holdings Berhad ("NHF") is pleased to announce that the shareholders of NHF haveat the NineteenthAnnual General Meeting ("AGM") held today approved by way of show of hands all the followingresolutions as prescribed in the Notice convening the AGM dated 26 April 2016:-

Ordinary Business

1. Approval of a final single tier dividend of eight (8) sen per ordinary share of RM1.00each in respect of the financial year ended 31 December 2015 ("FYE 2015")under Resolution 1.
2. Re-election of the following Directors pursuant to Article 78 of the Company's Articles of Association:
   • Mr Danny Ng Siew L’Leong (under Resolution 2); and
   • MsKam Foong Sim (under Resolution 3).
3. Approval of the Directors’ Fees of RM195,000 for FYE 2015under Resolution 4.
4. Re-appointment of Messrs BDO as Auditors of the Company and authorisation tothe Directorsto fix their remuneration under Resolution 5.

Special Business

1. Re-appointment of Datuk DrAnis Bin Ahmad as Director pursuant to Section 129(6) of the Companies Act, 1965 under Resolution 6.
2. Retention of Mr Danny Ng Siew L'Leong as Independent Director under Resolution 7.
3. Retention of Datuk Dr Anis bin Ahmad as Independent Director under Resolution 8.

The Audited Financial Statements for FYE 2015together with the Reports of the Directors and Auditorsthereon have been duly tabledat the AGM and received by the shareholders under Agenda 1. There was no other business being transacted at the AGM.

This announcement is dated 2June 2016.