PROMOTION OF MR ONG ENG HOCK SIMON, A PERSON WHO IS A RELATIVE OF CERTAIN DIRECTORS AND/OR SUBSTANTIAL SHAREHOLDERS OF THE COMPANY, FROM GROUP FINANCE MANAGER TO CHIEF FINANCIAL OFFICER

ANNOUNCEMENT

The Board of Directors of Hwa Hong Corporation Limited (the “Company”) wishes to announce the promotion of Mr Ong Eng Hock Simon, a person who is a relative of certain Directors and/or substantial shareholders of the Company, from Group Finance Manager to Chief Financial Officer with effect from 1 July 2004.  Mr Ong Eng Hock Simon will, in addition to his current duties and responsibilities, assume the role and duties in the area of finance from Mr Ong Mui Eng, an Executive Director, who is currently overseeing the financial and administrative matters of the Group.

Mr Ong Eng Hock Simon is the son of Mr Ong Kwee Eng, a substantial shareholder of the Company, and the nephew of Mr Ong Choo Eng, Mr Ong Mui Eng and Dr Ong Hian Eng, Executive Directors and substantial shareholders of the Company.  He is also a cousin of Mr Ong Eng Loke, Alternate Director and a substantial shareholder of the Company, and Mr Ong Eng Yaw, a Manager and a substantial shareholder of the Company.

BY ORDER OF THE BOARD

Tan Mee Choo

Company Secretary

30 June 2004

Submitted by Tan Mee Choo, Company Secretary on 30/06/2004 to the SGX