ASPIAL CORPORATION LIMITED

(Incorporated in the Republic of Singapore)

(Registration Number: 197001030G)

INCORPORATION OF A SUBSIDIARY IN MALAYSIA

The Board of Directors of Aspial Corporation Limited (the "Company", and together with its subsidiaries, the "Group") is pleased to announce that the Company's wholly-owned subsidiary in Singapore, Niessing Asia Pacific Pte. Ltd., has incorporated a wholly-owned subsidiary in Kuala Lumpur, Malaysia, known as Niessing (Malaysia) Sdn. Bhd. ("Niessing Malaysia") with an issued and paid-up share capital of RM100 divided into 100 ordinary shares of RM1.00 each (the "Incorporation").

The principal activity of Niessing Malaysia is Retail Sale of Jewellery.

The Incorporation is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the financial year ending 31 December 2021.

None of the Directors or substantial shareholders of the Company has any interest, direct or indirect, in the Incorporation.

By Order of the Board

Lim Swee Ann

Company Secretary

10 June 2021

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Aspial Corporation Limited published this content on 10 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 June 2021 13:35:01 UTC.