The Board of Directors of Tan Chong Motor Holdings Berhad (“TCMH” or “the Company”) is pleased to inform that the Group has registered a wholly-owned subsidiary named Tan Chong Mekong Trading (Thailand) Co., Ltd (“TCMT”)  as a juristic person by virtue of the Civil and Commercial Code of Thailand as evidenced by a Certificate of Registration of Partnerships and Companies dated 17 January 2017 issued by the Department of Business Development, Ministry of Commerce, Thailand.

The principal activity of  TCMT is to carry on business as an International Trading Centre (“ITC”) with the objective to procure raw materials, components and parts for industries such as automobile etc. for domestic wholesale trade and export. The ITC investment promotion was approved by the Board of Investment of Thailand on 6 December 2016 and the investment promotion was duly accepted by the Group on 5 January 2017.

TCMT has a registered capital  of THB100,000,000/- (One Hundred Million Baht) divided into 1,000,000  shares with a par value of THB100/- each, and of which THB 25/- has been paid for each share.  The shareholders of TCMT are set out in the table attached below.

The registration of TCMT is not expected to have any material effect on the earnings, gearing or net assets of the Group for the financial year ending 31 December 2017.

None of the Directors and/or major shareholders of the Company or persons connected with them, has any interest, direct or indirect, in the registration of TCMT.

This announcement is dated 17 January 2017.                                .