The Board of Directors of Tan Chong Motor Holdings Berhad (“the Company”) is pleased to inform that the Group has incorporated a new wholly-owned subsidiary named Agensi Pekerjaan Bijak (Sabah) Sdn Bhd [“APB (Sabah)”] under the Companies Act, 1965 on 8 October 2013. APB (Sabah) is a wholly-owned subsidiary of Agensi Pekerjaan Bijak Sdn Bhd, which in turn is a wholly-owned subsidiary of Tan Chong & Sons Motor Company Sdn Bhd (“TCM”). TCM is a wholly-owned subsidiary of the Company.

APB (Sabah) has an authorised share capital of RM400,000/- divided into 400,000 shares of RM1/- each and an issued and paid-up share capital of RM50,000/-. Its principal activity will be provision of employment agency services.

The incorporation of APB (Sabah) has no material effect on the earnings, gearing and net assets of the Group for the financial year ending 31 December 2013.