Brief summary of Asia Brands Berhad [197501000740(22414-V)]

Early redemption of the Islamic Unrated Islamic Medium Term Notes of up to RM200.0 million in nominal value pursuant to an Islamic Medium Term Note Programme by Anakku Sdn. Bhd.

Trackland Sdn Bhd became a substantial shareholder of the Group. Dato’ Sri Tan Thian Poh was appointed as the Group Chairman. Mr Ng Chin Huat renounced from the role of Group Chairman and resumed the role of Group Managing Director. A one for one Rights Shares was issued in the same year.

Disposal of a principal subsidiary company, B.U.M. Marketing (Malaysia) Sdn. Bhd. [200001011715(514321-H)]

Hing Yiap Group Berhad was re-branded to Asia Brands Berhad [197501000740(22414-V)]to create a corporate identity which reflects the Company's core business, as well as aspirations and plans for international expansion.

6 companies from Asia Brands Corporation Bhd. [198701004485(163155-W)] was merged with Hing Yiap Group Bhd. namely Anakku Sdn. Bhd. [199201020319(251823-V)] , Audrey Sdn. Bhd. [198401015001(127557-H)] , Mickey Junior Sdn. Bhd. [199301011879(266617-P)] , Asia Brands Global Sdn. Bhd. [197601002576(28583-U)] , Asia Brands Asset Management Sdn. Bhd. [197801004420(41441-H)] and Asia Brands HR Services Sdn. Bhd. [199201020890(252394-M)]

Hing Yiap became a related company to Asia Brands Berhad [197501000740(22414-V)].
Asia Brands Berhad [197501000740(22414-V)] implemented Virtual Office (VO) for all staff.

Mr Cheah Yong Hock was appointed as the CEO in office.
Mr Ng Chin Huat renounced from the role of Group Managing Director and resumed the role of Group Chairman.

Asia Brands Corporation Berhad [198701004485(163155-W)] was privatized.

BOSS program was implemented to promote entrepreneurship amongst front end staff.

Audrey International (M) Berhad [198401015001(127557-H)] was rebranded to Asia Brands Corporation Berhad [198701004485(163155-W)] to signify the group's aspiration for multi brands

AIMB acquired Anakku Holding Sdn. Bhd.[199201020319(251823-V)] which was founded by the Ngam family in 1973 with a passion to create and facilitate expressions of love to babies.

Ng Chin Huat took over as Group Managing Director.

Relocation of headquarters to present building from Bukit Kemuning.

Audrey International (M) Bhd. [198401015001(127557-H)] was first among lingerie companies to be listed on the Kuala Lumpur Stock Exchange - 2nd board.

Audrey International (M) Sdn. Bhd. [198401015001(127557-H)] became Audrey International (M) Berhad.

New management team headed by Ms.Ng Siew Leng took over.

Audrey International (M) Sdn. Bhd.[198401015001(127557-H)] acquired Ocean Corporation as a wholly-owned subsidiary and later renamed as Audrey Body
Fashion Sdn Bhd.

Audrey (M) Sdn. Bhd. became Audrey International (M) Sdn. Bhd.[198401015001(127557-H)]

Before 1987
Audrey (M) Sdn. Bhd [198401015001(127557-H)] was established by two brothers Ng Tiong Seng and Ng Tiong Leng together with Taiwanese partner, Sincerity Foundation Mfg.Co.Ltd.The company was marketing the Audrey and Lillian Brand. The Lillian brand was marketed by Ocean Corporation Sdn. Bhd. (established in 1975) with Ng Tiong Leng as the Company's Managing Director.