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OUTCOME OF ALL
RESOLUTIONS PUT FORWARD AT THE FIFTY-FIRST ANNUAL GENERAL MEETING HELD ON
23 APRIL 2004 ANNOUNCEMENT Pursuant to Rule 704(14) of
the Listing Manual of the Singapore Exchange Securities Trading Limited, Hwa Hong Corporation Limited (the “Company”) wishes
to advise that at the Fifty-First Annual General Meeting of the Company
held on 23 April 2004 at 11.00 a.m. (the “AGM”), all resolutions relating
to matters as set out in the Notice of AGM on pages 61 to 64 of the 2003
Annual Report of the Company, were duly passed by the shareholders
present and voting at the AGM. The shareholders present and
voting at the AGM have also approved the payment of a final ordinary
dividend of 1 cent per share (or 4%), less 20% tax (as set out under item
and Resolution 2 in the Notice of AGM of the Company dated 7 April 2004). The reduced corporate rate of 20% is in
line with the Budget 2004 announcement on 27 February 2004 which had
reduced Singapore corporate tax rate from 22% to 20% for the Year of
Assessment 2005. The final
ordinary dividend had been approved for payment on 21 May 2004 to members
registered at the close of business on 6 May 2004. BY
ORDER OF THE BOARD Tan Mee Choo Company
Secretary 23
April 2004 Submitted by Tan Mee Choo, Company Secretary on 23/04/2004 to the SGX |