BEST WORLD INTERNATIONAL LIMITED

Company Registration No. 199006030Z

INCORPORATION OF A WHOLLY-OWNED SUBSIDIARY

The Board of Directors of Best World International Limited ("the Company", together with its subsidiaries, collectively the "Group") is pleased to announce that the Company and its wholly-owned subsidiary in Hong Kong, Best World Lifestyle (Hong Kong) Company Limited ("BWLHK") has incorporated a wholly-owned subsidiary in Macau Special Administrative Region in the People's Republic of China, known as BWL Macau Company Limited 全美世 界(澳门)有限公司, BWL (Macau), Limitada. ("BWL Macau").

The capital of BWL Macau is MOP$25,000 comprising as follows: -

  • Best World International Limited (90%) - MOP$22,500; and
  • Best World Lifestyle (Hong Kong) Company Limited (10%) - MOP$2,500.

The principal activities of BWL Macau are the importation and distribution of cosmetics, skincare, nutritional supplements, personal care products and healthcare equipment.

The establishment of BWL Macau is funded by internal sources and is not expected to have any material effect on the consolidated net tangible assets and earnings per share of the Company and the Group for the financial year ending 31 December 2022.

None of the Directors (other than in his capacity as a Director or a shareholder of the Company and BWLHK, as the case may be) and controlling shareholders of the Company have any interest, direct or indirect, in the incorporation of BWL Macau.

On behalf of the Board Huang Ban Chin

Director and Chief Operating Officer 24 February 2022

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Best World International Limited published this content on 24 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 February 2022 13:35:08 UTC.