Asia Enterprises : Mandatory Cash Dividend/ Distribution

ASIA ENTERPRISES HOLDING LIMITED

(Company Registration No. 200501021H)

(Incorporated in the Republic of Singapore)

NOTICE OF RECORD DATE FOR

FIRST AND FINAL TAX EXEMPT (ONE-TIER) DIVIDEND

Reference is made to the Results Announcement on 13 February 2020 for the financial year ended 31 December 2019.

NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of Asia Enterprises Holding Limited (the "Company") will be closed on 24 July 2020 for the purpose of determining the entitlements of the Company's shareholders (the "Shareholders") to a first and final tax exempt (one-tier) dividend of 0.5 cents per ordinary share.

For the avoidance of doubt, in the case where the registered Shareholder is the Central Depository (Pte) Limited ("CDP") the dividend warrants shall be issued to the CDP and credited to the depositors' securities accounts with the CDP in proportion to the number of shares of the Company standing to the credit of each depositor's securities account with the CDP as at 5.00 pm (Singapore time) on 23 July 2020.

Duly completed registrable transfers received by the Company's Share Registrar, RHT Corporate Advisory Pte Ltd, 30 Cecil Street #19-08 Prudential Tower Singapore 049712 up to 5.00 p.m. on 23 July 2020 will be registered to determine entitlements to the said dividend.

Payment of the dividend, if approved by the Members at the Annual General Meeting to be held on 25 June 2020 will be made on 7 August 2020.

By Order of the Board

Chew Kok Liang/Teo Chia Hui

Company Secretaries

Singapore, 9 June 2020