Hong Fok Corporation Limited at its AGM to be held on April 28, 2023, proposed declare a first and final 1-tier tax exempt dividend at 1 cent per ordinary share for the year ended 31 December 2022 (2021: 1 cent final). The Share Transfer Books and Register of Members of the Company will be closed at 5.00 p.m. on 12 May 2023 for the purpose of determining members' entitlements to the Proposed Dividend. Duly completed registrable transfers received by the Company's Share Registrar, B.A.C.S. Private Limited, 77 Robinson Road #06-03, Robinson 77, Singapore 068896 up to 5.00 p.m. on 12 May 2023 (the "Record Date") will be registered to determine members' entitlements to the Proposed Dividend.

Members whose securities accounts with The Central Depository (Pte) Limited are credited with the shares as at 5.00 p.m. on the Record Date will be entitled to the Proposed Dividend. The Proposed Dividend, if approved at the forthcoming Annual General Meeting to be held on 28 April 2023, will be paid on 23 May 2023.