Reference is made to the announcements in relation to the:

(I) Proposed Acquisition by HWG Fintech Property Sdn. Bhd., an indirect wholly-owned subsidiary of Ho Wah Genting Berhad ("HWGB"), of properties, comprising of:

(A) 8 Units of Service Apartments located at Vortex Suites & Residences @ KLCC for a purchase consideration of RM7,410,000 From Koek Tiang Kung ("Vendor A") to be settled via cash deposit of RM222,300 and issuance of 48,565,541 consideration RCPS at an issue price of RM0.148 per consideration RCPS ("Proposed Acquisition of Vortex Residences"); and

(B) Leases held by Dato' Kho Eng Hue @ Koh Eng Hooi ("Vendor B") over 11 units of condominium located at Residensi Iskandar for a purchase consideration of RM7,842,000 from Vendor B to be settled via cash deposit of RM392,100 and issuance of 50,337,162 Consideration RCPS at an issue price of RM0.148 Per Consideration RCPS ("Proposed Acquisition of Residensi Iskandar") (Collectively Referred To As The "Proposed Acquisitions"); And

(II) Proposed Amendments To The Constitution Of HWGB ("Proposed Amendments")

dated 19 August 2022, 29 July 2022 and 15 June 2022, ("Earlier Announcements”), the Circular dated 30 August 2022, and the announcementsdated 23 and 27September 2022 ("Termination Announcement").

With reference to the Termination Announcement, the Board of Directors of Ho Wah Genting Berhad ("Company") wishes to announce that the resolutions as detailed in the Notice of Extraordinary General Meeting of the Company dated 30 August 2022 were not put forward for voting.

This announcement is dated 28 September 2022.

PROPOSED ACQUISITION BY HWG FINTECH PROPERTY SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HWGB OF 8 UNITS OF SERVICE APARTMENTS LOCATED WITHIN VORTEX SUITES & RESIDENCES @ KLCC AND PROPOSED ISSUANCE OF REDEEMABLE CONVERTIBLE PREFERENCE SHARES IN HWGB (RCPS) AT AN ISSUE PRICE OF RM0.148 PER RCPS AS PART OF THE SETTLEMENT OF THE PURCHASE CONSIDERATION (CONSIDERATION RCPS") IN RELATION THERETO (PROPOSED ACQUISITION OF VORTEX RESIDENCES)

PROPOSED ACQUISITION BY HWG FINTECH PROPERTY SDN. BHD., AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF HWGB OF THE LEASES HELD BY VENDOR B (AS DEFINED BELOW) OVER 11 UNITS OF CONDOMINIUM LOCATED WITHIN RESIDENSI ISKANDAR AND PROPOSED ISSUANCE OF THE CONSIDERATION RCPS IN RELATION THERETO (PROPOSED ACQUISITION OF RESIDENSI ISKANDAR)

PROPOSED AMENDMENTS TO THE CONSTITUTION OF HWGB TO FACILITATE THE ISSUANCE OF THE CONSIDERATION RCPS (PROPOSED AMENDMENTS)