The Board of Directors of the Company wishes to announce that the Company proposes to obtain shareholders' approval for a Proposed Renewal of Authority for the
Company to purchase its own ordinary shares of up to ten percent (10%) of its total number of issued shares ("Proposed Renewal Share Buy-Back") at the forthcoming
Eighteenth Annual General Meeting of the Company.

At the Seventeenth Annual General Meeting of the Company held on 16 June 2021, the shareholders of the Company had granted a mandate for the Company to
purchase up to 10% of its own ordinary shares.

A Statement to Shareholders containing details in relation to the Proposed Renewal of Share Buy-Back and the Annual Report of the Company for the financial year ended 31 December 2021 will be made available to the shareholders in due course.

This announcement is dated 26 April 2022.

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