We are pleased to announced that Freight Management Holdings Bhd [“FMHB”] has via Icon Line (Malaysia) Sdn Bhd [“ILM”], a wholly-owned subsidiary of FMHB has incorporated a new company by the name of FM Global Logistics (HK) Limited on 7 May 2013 under the Companies Ordinance (Chapter 32 of the Laws of Hong Kong).

FM Global Logistics (HK) Limited is a wholly-owned company of ILM with an initial issued paid-up share capital of HKD1.00 comprising 1 ordinary share of HKD1.00 each.

FMGLHK intends to carry out business as provider of freight services.

This announcement is dated 9 May 2013.