Summary:

• Hiap Seng Industries Limited has incorporated a wholly owned subsidiary, Hiap Seng Energy Technology Pte. Ltd. (HSET), in Singapore on 2 January 2026

• HSET will operate as a general contractor for building construction, including major upgrading works, and will undertake engineering design and consultancy activities

• The new entity has an initial issued and paid-up capital of S$2.00 comprising 2 ordinary shares, funded entirely from internal resources

• The incorporation is not expected to have any material impact on Hiap Seng’s net tangible assets or earnings per share for the financial year ending 31 March 2026, and no directors or substantial shareholders have interests beyond their existing shareholdings and directorships