The Board of Directors of Hua-An wishes to announce that Usaha Bumi Indah Sdn. Bhd., a wholly-owned subsidiary of Hua-An had on 17 August 2020 entered into an Exclusive Master Distribution Agreement with Guangxi Aerospace Beidou New Energy Industry Technology Co Ltd as the Exclusive Master Distributor of any and all of GABNEIT’s current or future products, in all countries globally, except for the People’s Republic of China, based on the salient terms and conditions agreed.

Please refer to the attachment for details of the announcement.

This announcement is dated 17 August 2020.

Please refer attachment below.