The Board of Directors of Best World International Limited announced that the Company and its wholly-owned subsidiary in Hong Kong, Best World Lifestyle (Hong Kong) Company Limited has incorporated a wholly-owned subsidiary in Macau Special Administrative Region in the People's Republic of China, known as BWL Macau Company Limited, BWL (Macau), Limitada. ("BWL Macau"). 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.