Reference is made to the announcements made on 4 March 2020 and 22 June 2020 in relation to the Memorandum of Understanding entered into between Hua-An's wholly-owned subsidiary, Wavetree Technologies Sdn. Bhd. (formerly known as Fancy Celebrations Sdn. Bhd.), Top Fruits Sdn. Bhd. and Mybeecop Sdn. Bhd., the Board of Directors of Hua-An wishes to announce that there has been no material development since the previous announcement dated 22 June 2020.

This announcement is dated 28 August 2020.