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Subscription Of Shares By Subsidiary Company In HLN Technologies Sdn. Bhd.

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 a wholly-owned subsidiary of the Company, has increased its authorized share capital from RM 5,000,000 to RM 10,000,000, and issued and paid-up share capital from RM 5,000,000 to RM 6,200,000, the issued share capital are by the allotment of 1,200,000 ordinary shares at RM1 each at par, fully paid, for a total non-cash consideration of RM 1,200,000.

The consideration paid by HLN Micron for the additional shares subscription was satisfied by capitalizing the amount RM 1,200,000 owing by TSB to the Company.

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
HLN Technologies Limited

Hein Ke Long
Executive Director