Penguin International Limited at the AGM to be held on 23 April 2024, proposed first and final tax exempt (one-tier) dividend of 3.42 cents per ordinary share for the financial year ended 31 December 2023. Share Transfer Books and Register of Members of the Company will be closed on 7 May 2024 at 5.00 p.m. for the purpose of determining members' entitlement. Duly completed transfers received by the Company's Share Registrar, Boardroom Corporate & Advisory Services Pte.

Ltd., 1 Harbourfront Avenue, #14-07 Keppel Bay Tower, Singapore 098632, up to 5.00 p.m. on 7 May 2024 will be registered to determine members' entitlement to the Proposed Dividend. Members (being depositors) whose securities accounts with The Central Depository (Pte) Limited are credited with ordinary shares of the Company as at 5.00 p.m. on the Record Date will be entitled to the Proposed Dividend. The Proposed Dividend, if approved at the 2024 AGM, will be paid on 20 May 2024.