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Increase In Issued And Paid-Up Capital Of Subsidiary

The Board of Directors of HLN Technologies Limited (the "Company") wishes to announce that HLN Technologies Sdn. Bhd ("TSB"), a wholly owned subsidiary of HLN Micron Pte. Ltd. ("HLN Micron"), which is wholly owned by the Company, has increased its issued and paid-up share capital from MYR 6,200,000/- to MYR 7,000,000/- by the allotment and issue of an additional 800,000 ordinary shares of MYR 1/- each at par, for a total cash consideration of MYR 800,000/-.

The additional investment by HLN Micron in TSB is not expected to have any material effect on the earnings per share or net tangible assets per share of the Group for the current financial year.

No director or substantial shareholder of the Company has an interest, direct or indirect, in the aforesaid transaction.

By order of the Board



Wa Kok Liang
Executive Director