Disposal of Upright Strategy Sdn. Bhd.

The Board of Directors of Regal International Group Ltd. (the “Company”, and together with its subsidiaries, the “Group”) wishes to announce that its indirect wholly owned subsidiary under the Group, Bellanova Sdn Bhd (“Bellanova”), has on 31 December 2019 entered into a sale and purchase of shares agreement (the “Shares Sale Agreement”) with Twin Revenue Sdn Bhd (“Twin Revenue”) for the disposal of Bellanova’s entire issued and paid-up share capital of Upright Strategy Sdn Bhd (“Upright Strategy”) to Twin Revenue (the “Disposal”).

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