General Announcement::Change of Name of Subsidiary

WONG FONG INDUSTRIES LIMITED

Company Registration No.: 201500186D

(Incorporated in the Republic of Singapore)

CHANGE OF NAME OF SUBSIDIARY

The board of directors (the "Board") of Wong Fong Industries Limited (the "Company") wishes to announce that the name of the Company's subsidiary, HTMi Hotel and Tourism Management Institute Pte. Ltd., has been changed to "Educare Global Academy Pte. Ltd." with effect from 15 December 2021.

BY ORDER OF THE BOARD

Liew Ah Kuie

Co-Founder and Group Chief Executive Officer

15 December 2021

This announcement has been prepared by the Company and has been reviewed by the Company's sponsor, United Overseas Bank Limited (the "Sponsor"), for compliance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Mr Lim Hoon Khiat, Director, Equity Capital Markets, who can be contacted at 80 Raffles Place, #03-03 UOB Plaza 1, Singapore 048624, telephone: [phone].