The Board of Directors of Advancecon Holdings Berhad announced that the company had on 26 March 2019 incorporated a new wholly-owned subsidiary, namely Advancecon Solar Sdn. Bhd. (Company No. 1319653-H). Advancecon Solar Sdn. Bhd. was incorporated on 26 March 2019 in Malaysia under the Companies Act, 2016 and is wholly-owned by Advancecon with an issued share capital of MYR 100.00 comprising 100 ordinary shares. The intended principal activity of Advancecon Solar is to carry on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.