Announcements

The Board of Diectors of Hock Seng Lee Berhad (HSL) wishes to announce that the present authority for Share Buy-Back and Shareholder Mandate for recurrent related party transactions of a revenue or trading nature granted by the shareholders at the Annual General Meeting held on 25 May 2010 expires at the conclusion of the forthcoming Thirtieth Annual General Meeting.

The Company proposed to seek shareholder's approval for the following, at the forthcoming Thirtieth Annual General Meeting of the Company:-

i) Proposed renewal of the authority for Share Buy-Back to allow the Company to purchase up to ten percent (10%) of the issued and paid up capital; and

ii) Proposed Shareholder Mandate for the Recurrent Related Party Transactions of a revenue or trading nature, which are necessary for its day-to-day operations.

In addition, the Board of Directors proposed to amend the Articles of Association of the Company in the manner to provide for the implementation of an additional mode of payment of cash dividend by way of electronic means, through direct crediting of dividend into the bank accounts of the shareholders of HSL.

A circular to shareholders containing information on the above proposals will be despatched to shareholders in due course.