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Incorporation Of Subsidiary In Malaysia: N-Wave Telecoms (Malaysia) Sdn. Bhd.

TeleChoice International Limited ("TeleChoice") wishes to announce that its subsidiary, NexWave Telecoms Pte. Ltd. ("NexWave Telecoms") has incorporated a subsidiary in Malaysia known as N-Wave Telecoms (Malaysia) Sdn. Bhd. ("N-Wave Malaysia").

N-Wave Malaysia has an authorised capital of RM 5M, and an initial paid-up capital of RM 2.

NexWave Telecoms and N-Wave Malaysia are managed under TeleChoice's Telecommunications Services division.

Subject to compliance with applicable regulatory requirements, N-Wave Malaysia will engage in telecommunications services, investment holding and related business activities. The establishment of N-Wave Malaysia is in consonance with the ongoing expansion of TeleChoice's Telecommunications Services businesses into the region.