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Increase In Issued And Paid-Up Capital Of Subsidiary

The Board of Directors of HLN Technologies Limited (the "Company") is pleased to announce the further subscription by HLN Micron Pte. Ltd. ("HLN Micron") and Ms Tay Mun Hwa ("Ms Tay") in HLN Metal Centre Pte. Ltd. ("HMC") for the increase in capital from S$2,000,000 to S$3,000,000.

HLN Micron and Ms Tay have today subscribed for 750,000 and 250,000 new ordinary shares in the capital of HMC respectively. Following thereon, HMC has an issued and paid up capital of S$3,000,000. There is no change in the percentage of equity held in HMC by HLN Micron.


By order of the Board



Wa Kok Liang
Executive Director