HO WAH GENTING BERHAD AND XIAMEN CHIEF TO ROLL OUT A DIVERSE RANGE OF EV INTO MALAYSIA

KUALA LUMPUR, 25 MARCH 2021 – Ho Wah Genting Berhad (“HWGB” or the “Company”) (Bursa Stock Code: 9601) to introduce XIAMEN CHIEF Electric Vehicle Co. Ltd (“Xiamen Chief”) series of electric vehicles (“Chief EV”) into Malaysia. Established on 19 June 2000, Xiamen Chief is principally engaged in the production, design, and development of electric vehicles and spare parts for electric tour buses, electric golf buggy cars, and others, and leasing of self-produced products.

Since its establishment 16 years ago, its products have been sold well in famous tourist attractions and resorts in major cities in China and even in SEA. Xiamen Chief mainly produces the Chief EV series of electric vehicles, which is suitable for tourist attractions, resorts, gated communities, urban pedestrian streets, large factories, stadiums, hospitals, and prisons. Xiamen Chief can also design and manufacture various special-purpose modified vehicles according to user’s needs. It introduces the most advanced electric vehicle manufacturing technology from the United States, with all its key components imported

The Chief EV offers many advantages, with its electric vehicle made from fiber-reinforced polymer (FRP) and has a high transmission efficiency with the appearance of the electric vehicle is not only attractive but also functional. Chief EV is a zero-emission vehicle that produces minimum noises, it has a speed range of 0 km/h to 35 km/h to ensure a smooth driving experience for the users. The comfort of the Chief EV is supported by its independent suspension structure and good stability and users can also have a peace of mind when driving the electric vehicle as it can travel continuously for 120 kilometers on a single charge. Equipped with imported electrical accessories that are hugely reliable with good durability and high-quality maintenance-free power battery with a large battery capacity, Chief EV will have a long service life for the users.

Chief Executive Officer of HWGB, Dato’ Aaron Lim said: “We have no doubt that the partnership with Xiamen Chief will definitely enhance HWGB’s competitiveness in production positioning of electric vehicle market in Malaysia. Xiamen Chief has strong technical capabilities with a stable supporting cast of staff and backed by its Chief EV that is simple in appearance and excellent in its performance, we have no doubt that this partnership will cement a strong footing for us in the Malaysian electric vehicle industry”.

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