Memiontec Holdings Ltd. announced that the Company has, on 27 October 2022, incorporated a wholly-owned subsidiary in Vietnam, Memiontec Company Limited ("Memiontec Vietnam"), a summary of which is set out below: Name: Memiontec Company Limited or CÔNG TY TNHH MEMIONTEC, Place of incorporation and operation: Vietnam, Principal activities: Construction of water supply and drainage system, Charter capital: VND 5,885,100,000, Percentage of shareholdings held: 100%. Mr. Tay Kiat Seng, Executive Director and Chief Executive Officer of the Company, has been appointed as the Legal Representative, General Director and Chairman of Memiontec Vietnam.