The Board of Directors Avi-Tech Holdings Limited announced that the Company's wholly-owned subsidiary, Avi-Tech Electronics Pte. Ltd. has incorporated a wholly-owned subsidiary on 29 June 2022. The details of the subsidiary are as follows: The incorporation of Avi-Tech Suzhou is funded through internal resources and is not expected to have any material impact on the net tangible assets and earnings per share of the Company and Group for the financial year ended 30 June 2022.