General Announcement::CHANGE OF NAME AND PRINCIPAL ACTIVITIES OF WHOLLY-OWNED SUBSIDIARY

KING WAN CORPORATION LIMITED

(Company Registration No. 200001034R)

(Incorporated in the Republic of Singapore)

CHANGE OF NAME AND PRINCIPAL ACTIVITIES OF WHOLLY-OWNED SUBSIDIARY

The Board of Directors ("Board") of King Wan Corporation Limited (the "Company" and together with its subsidiaries, the "Group") wishes to announce that with effect from 5 November 2021, its wholly- owned subsidiary, Gold Topaz Pte. Ltd., has changed its name to K & W Eco Plus Pte. Ltd. and has added the following as its new principal activities:

1. Wholesale trade of a variety of goods without a dominant product (SSIC Code: 46900)

K & W Eco Plus Pte. Ltd. will be offering high quality packaging products made from sugarcane and plants for the green economy and explores market opportunities in sustainable products.

This new business activity is not expected to have any significant impact on the earnings per share or net tangible assets per share of the Group for the financial year ending 31 March 2022.

BY ORDER OF THE BOARD

Chua Eng Eng

Managing Director

5 November 2021