Malayan Banking Berhad (“Maybank”) wishes to announce that two of its indirect wholly-owned subsidiaries, Ong & Company Private Limited (“Ongco”) and Ong Asia Limited (“OAL”), had convened their Extraordinary General Meetings on 6 October 2017, whereby it was resolved that Ongco and OAL be wound up voluntarily. Shareholders of Ongco and OAL had approved the appointment of Mr Kon Yin Tong and Mr Aw Eng Hai as liquidators for the purpose of the liquidations.

Ongco was established to conduct a stockbroking business and is wholly owned by OAL. Both Ongco and OAL had been inactive and were dormant prior to the date of the resolution as mentioned above.

The liquidation of OAL and Ongco is in line with the Maybank Kim Eng Holdings Limited Group’s continual review and rationalisation of costs.

The dissolution of Ongco and OAL will not have any material effect on the consolidated earnings or assets of the Maybank Group for the financial year ending 31 December 2017.

None of the Directors or substantial shareholders of Maybank or persons connected to them has any interest, direct or indirect, in the above voluntary liquidations.

This announcement is dated 6 October, 2017.