Hong Seng Consolidated Berhad's announcements made on 10 November 2021, 9 February 2022, 9 May 2022, 9 August 2022 and 9 November 2022 (Announcements) in relation to the MOU entered with UTAR to explore areas for cooperation in relation to the UTAR Hospital Project. The MOU is intended for the Parties to jointly co-operate to further spur the medical education for the future generations and to explore areas for cooperation in relation to the UTAR Hospital Project. Pursuant to the UTAR Hospital Project, the Parties intend to set up a molecular laboratory in a space allocated at UTAR Hospital where the laboratory designs and layout plans had been previously submitted to UTAR for finalisation and approval.

As at the date of this announcement, the said laboratory designs and layout plans are still pending approval from UTAR. Further announcement will be made by the Company in the event that the Parties conclude the collaboration agreement.