The Board of Directors of HEB wishes to announce that the Company intends to seek for approval of its shareholders for the Proposed Amendments at the forthcoming Sixth Annual General Meeting (“AGM”) of the Company.

The Proposed Amendments are made mainly to provide greater clarity, enhance administrative efficiency and ensure compliance with the relevant statutory and regulatory requirements so as to update in accordance with the latest development of governance.

The details of the Proposed Amendments will be set out in Appendix A of the Notice of AGM to be circulated to the shareholders of the Company in due course.

This announcement is dated 16 April 2021.