Company Name : ORIENTAL HOLDINGS BERHAD Stock Name : ORIENT Date Announced : 16/11/2009 Type : Announcement Subject : GENERAL ANNOUNCEMENT - INCORPORATION OF A SUBSIDIARY COMPANY Contents : The Board of Directors of Oriental Holdings Berhad wishes to make the following announcement:- 1. INTRODUCTION The Board of Directors of Oriental Holdings Berhad (“OHB” or the Company) wishes to announce that the Company has incorporated a wholly-owned subsidiary company, known as Loh Boon Siew Education Sdn. Bhd. (“LBSE”). The Certificate of Incorporation dated 12 November 2009 has just been received from the Companies Commission of Malaysia. 2. BACKGROUND ON LBSE LBSE will be 100% owned by the Company with an initial authorised share capital of RM100,000/= and paid-up share capital of RM2/=. The issued and paid up of LBSE will be increased as and when necessary. The intended principal activities of LBSE are to provide all kinds of education programmes in the healthcare industry and to organise management development programmes and educational courses. 3. RATIONALE FOR THE INCORPORATION The incorporation of LBSE is in conjuction with the new milestone of the Group to diversify into healthcare industry division which in turn will enhance its long term value and profitability to the Group. 4. FINANCIAL EFFECTS 4.1 Earnings The incorporation is not expected to have any material impact on OHB Group’s earnings for the financial year ending 31 December 2009. 4.2 Net Assets The said incorporation will not have any significant effect on the consolidated net assets of OHB Group. 4.3 Share Capital The said incorporation will not have any effect on the issued and paid-up share capital of the OHB. 4.4 Substantial Stockholders’ Stockholding The said incorporation will not have any significant effect on the stockholdings of substantial stockholders. 5. APPROVAL No stockholders’ approval is required. 6. DIRECTORS’ AND MAJOR STOCKHOLDERS’ INTERESTS AND PERSON CONNECTED TO DIRECTORS AND MAJOR STOCKHOLDERS None of the Directors and/or major stockholders and/or persons connected with a director or major stockholder of OHB have any interest, direct and indirect in the establishment of LBSE. 7. SALIENT FEATURES OF AGREEMENT No agreement has been entered into. 8. STATEMENT BY THE BOARD OF DIRECTORS The Board of Directors is of the opinion that the said incorporation is a good investment opportunity for the Group as they expect this expansion to contribute to the future earnings of the Group.