Malayan Banking Berhad (“Maybank”) wishes to announce that Maybank Private Equity Sdn Bhd (“MPE), an indirect wholly-owned subsidiary of Maybank (through Maybank Asset Management Group Berhad) had convened an Extraordinary General Meeting on 12 November 2024, whereby it was resolved that MPE be wound up voluntarily.

The shareholder of MPE had on 12 November 2024 approved the appointment of Mr Victor Saw Seng Kee and Mr Surendran A/L Sathya Seelan of PWC Corporate Business Restructuring Service PLT, Level 10, Menara TH 1 Sentral, Jalan Rakyat, 50470 Kuala Lumpur as liquidators for the purpose of the winding-up of MPE.

MPE was previously an investment holding company and had been inactive. It was dormant prior to the date of the resolution as mentioned above.

The winding-up of MPE is in line with Maybank Asset Management Group Berhad ’s continual review and rationalisation of costs.

The winding-up of MPE will not have any material effect on the consolidated earnings or net assets of the Maybank Group for the financial year ending 31 December 2024.

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 winding-up.

This announcement is dated 20 November 2024.