Willas-Array Electronics (Holdings) Limited — Share Issue/Capital Change 2018

Jul 27, 2018

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited and Singapore Exchange Securities Trading Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Singapore Exchange Securities Trading Limited assumes no responsibility for the correctness of any of the statements made, reports contained or opinions expressed in this announcement.

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WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED 威雅利電子(集團)有限公司

(Incorporated in Bermuda with limited liability) (Hong Kong stock code: 854) (Singapore stock code: BDR)

RECORD DATE IN RELATION TO THE PROPOSED BONUS ISSUE

The board of directors (the " Directors " and the " Board ", respectively) of Willas-Array Electronics (Holdings) Limited (the " Company ") refers to (a) the Company's announcements dated May 30, 2018 (the " May Announcement "), (b) the Company's circular dated June 26, 2018 (the " Circular "), and (c) the Company's announcement dated July 27, 2018 (the " Result of 2018 AGM Announcement "), relating to the proposed bonus issue on the basis of one (1) Bonus Share for every 10 existing Shares.

Unless otherwise defined, all capitalised terms used herein bear the same meanings as in the May Announcement, Circular and the Result of 2018 AGM Announcement.

NOTICE IS HEREBY GIVEN that, for the purpose of determining the entitlement of the Qualifying Shareholders to the Bonus Shares:

For Singapore Shareholders, the share transfer books and the Singapore Branch Register will be closed at 5:00 p.m. on Friday, August 10, 2018. Duly completed registrable transfers of Shares received by the Singapore Share Transfer Agent, Intertrust Singapore Corporate Services Pte. Ltd. at 77 Robinson Road, #13-00 Robinson 77, Singapore 068896, up to 5:00 p.m. on Friday, August 10, 2018 will be registered to determine the entitlements of Singapore Shareholders whose Shares are not deposited with CDP to the Bonus Shares. The entitlements of Singapore Shareholders whose Shares are deposited with CDP will be determined based on the number of Shares standing to the credit of their respective Securities Accounts as at 5:00 p.m. on Friday, August 10, 2018.

For Hong Kong Shareholders, the Hong Kong Branch Register will be closed from Monday, August 13, 2018 to Wednesday, August 15, 2018, both days inclusive. During this period, no transfer of Shares will be registered. In order to qualify for the Bonus Shares, the non-registered Hong Kong Shareholders must lodge all transfer documents accompanied by the relevant share certificates for registration with the Hong Kong Branch Registrar, Boardroom Share Registrars (HK) Limited, at Room 2103B, 21/F, 148 Electric Road, North Point, Hong Kong not later than 4:30 p.m. on Friday, August 10, 2018.

Any transfer of the Shares between the Hong Kong Branch Register and the Singapore Branch Register by way of deregistration from one branch Register of Members and registration on the other branch Register of Members has to be made not later than 4:30 p.m. on Thursday, August 2, 2018 for Hong Kong Shareholders and not later than 5:00 p.m. on Thursday, August 2, 2018 for Singapore Shareholders.

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The Bonus Shares will be allotted, distributed, issued and credited as fully paid at par by way of capitalisation of an amount equal to the total par value of the Bonus Shares standing to the credit of the share premium account of the Company as at the Record Date.

By Order of the Board Willas-Array Electronics (Holdings) Limited Leung Chun Wah Chairman and Executive Director

Hong Kong/Singapore, July 27, 2018

As at the date of this announcement, the Board comprises four Executive Directors, namely Leung Chun Wah (Chairman), Kwok Chan Cheung (Deputy Chairman), Hon Kar Chun (Managing Director) and Leung Hon Shing; and three Independent Non-executive Directors, namely Jovenal R. Santiago, Wong Kwan Seng, Robert and Iu Po Chan, Eugene.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

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