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Changes in Sub. S-hldr's Int (Section 138 of CA 2016) POWERWELL HOLDINGS BERHAD Particulars of substantial Securities Holder Name MR THAM KIEN WAI Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Details of changes No Date of change No of securities Type of Transaction Nature of Interest 22 Jan 2020 54,270,977 Others Direct Interest Name of registered holder Tham Kien Wai Description of "Others" Type of Transaction Offer for Sale Circumstances by reason of which change has occurred 1. Shares offered pursuant to the Offer for Sale in respect of Initial Public Offering 2. Direct shareholding reduced from 19.46% to 7.18% Nature of interest Direct Interest Direct (units) 41,704,567 Direct (%) 7.18 Indirect/deemed interest (units) 296,081,520 Indirect/deemed interest (%) 51 Total no of securities after change 337,786,087 Date of notice 22 Jan 2020 Date notice received by Listed Issuer 22 Jan 2020 Remarks : Deemed interest by virtue of his interest in PW Synergy Sdn. Bhd. Announcement Info Company Name POWERWELL HOLDINGS BERHAD Stock Name PWRWELL Date Announced 22 Jan 2020 Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016 Reference Number CS2-20012020-00021