The board of directors of Annica Holdings Limited announced that the Company has incorporated a new direct wholly-owned subsidiary in Singapore on 12 October 2023. Details of the subsidiary are as follows: Name: H2E International Pte. Ltd. ("H2EI"), Country of incorporation: Singapore, Issued and paid-up capital: SGD 1,000 comprising 1,000 ordinary shares, Shareholder: Annica Holdings Limited (100%) Principal activities: Investment holding, Operation of Generation Facilities that Produce Electricity Energy, Wholesale of Industrial Machinery, Equipment and Supplies. The incorporation of H2EI is funded through the internal resources of the Group and is not expected to have any material impact on the earnings per share or net tangible assets per share of the Company or the Group for the current financial year ending 31 December 2023. As at the date of this announcement, the directors of H2EI are as follows: (i) Ms. Sandra Liz Hon Ai Ling (Executive Director and Chief Executive Officer of the Company); (ii) Mr. Lim In Chong (Non-Independent and Non-Executive Director of the Company); and
(iii) Mr. Pek Seck Wei (director of certain subsidiaries of the Company, namely Industrial Engineering Systems Pte. Ltd., IES Engineering Systems Sdn. Bhd and Cahya Suria Energy Sdn. Bhd.).