Asia Enterprises : Mandatory Cash Dividend/ Distribution

NOTICE OF RECORD DATE

NOTICE OF RECORD DATE FOR FIRST AND FINAL TAX EXEMPT (ONE-TIER) DIVIDEND

Reference is made to the Results Announcement on 17 February 2022 for the financial year ended 31 December 2021.

NOTICE IS HEREBY GIVEN that the Share Transfer Books and Register of Members of Asia Enterprises Holding Limited (the "Company") will be closed on 20 May 2022 for the purpose of determining the entitlements of the Company's shareholders (the "Shareholders") to a first and final tax exempt (one-tier) dividend of 0.8 cents per ordinary share.

For the avoidance of doubt, in the case where the registered Shareholder is the Central Depository (Pte) Limited ("CDP") the dividend warrants shall be issued to the CDP and credited to the depositors' securities accounts with the CDP in proportion to the number of shares of the Company standing to the credit of each depositor's securities account with the CDP as at 5.00 pm (Singapore time) on 19 May 2022.

Duly completed registrable transfers received by the Company's Share Registrar, In.Corp Corporate Services Pte. Ltd., 30 Cecil Street #19-08 Prudential Tower Singapore 049712 up to 5.00 p.m. on 19 May 2022 will be registered to determine entitlements to the said dividend.

Payment of the dividend, if approved by the Members at the Annual General Meeting to be held on 21 April 2022 will be made on 3 June 2022.

By Order of the Board

Siau Kuei Lian Company Secretary Singapore, 6 April 2022