Malayan Banking Berhad (“Maybank”) wishes to announce that FXDS Learning Group Pte. Ltd. (“FXDS”), an indirect wholly-owned subsidiary of Maybank (through Maybank International Holdings Sdn. Bhd. and Maybank Kim Eng Holdings Limited (“MKEH”)), had convened an Extraordinary General Meeting on 8 October 2019 whereby it was resolved that FXDS be wound up voluntarily.

The shareholder of FXDS had on 8 October 2019 approved the appointment of Mr Kon Yin Tong and Mr Aw Eng Hai of Messrs Foo Kon Tan LLP as liquidators for the purpose of the liquidation of FXDS.

FXDS was established to provide wealth education and consultancy services.

The liquidation of FXDS is in line with the MKEH Group’s continual review and rationalisation of costs.

The liquidation of FXDS will not have any material effect on the consolidated earnings or assets of the Maybank Group for the financial year ending 31 December 2019.

None of the Directors or major shareholders of Maybank and/or persons connected to them has any interest, direct or indirect, in the above voluntary liquidation.

This announcement is dated 8 October 2019.