Keong Hong : Response To Query From Singapore Exchange Securities Trading Limited (“SGX-ST”) On The Company’s Annual Report For FY2021 (“Annual Report”)

KEONG HONG HOLDINGS LIMITED

Incorporated in the Republic of Singapore

(Company Registration Number: 200807303W)

RESPONSE TO QUERY FROM SINGAPORE EXCHANGE SECURITIES TRADING LIMITED ("SGX-ST") ON THE COMPANY'S ANNUAL REPORT FOR FY2021 ("ANNUAL REPORT")

The Board of Directors of Keong Hong Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the query raised by the SGX-ST on 16 March 2022 and wish to respond as follows: -

SGX-ST's Query

1. Provision 9.2(b) of the Code of Corporate Governance 2018, which operates on a comply or explain basis, requires the issuer to disclose that the Board has received assurance from the CEO and other key management personnel who are responsible regarding the adequacy and effectiveness of the Company's risk management and internal control systems. The
   Company had only disclosed that it had received assurances from the Chairman and CEO and CFO that the Group's risk management and internal control systems remain effective. Please disclose whether the Board has received the required assurances from the CEO and key management personnel that the Company's risk management and internal control systems are adequate, or explain the variation to the requirements of this provision.

The Company's response:

The Board confirmed that it has received the required assurances from the Chairman and CEO, and key management personnel that the Company's risk management and internal control systems are adequate and effective.

BY ORDER OF THE BOARD

Lo Swee Oi

Company Secretary

18 March 2022