CapitaLand Limited announced the establishment of the following wholly owned subsidiary incorporated in the British Virgin Islands ("BVI"): Name: Resplendent Pearl Investments Limited ("RPIL"). Principal Activity: Investment holding Issued and Paid-up: USD 1 comprising one ordinary share issued at a price of USD 1 Share Capital. RPIL and an unrelated party have each subscribed for one ordinary share in the following company established in the BVI: Name: Brilliant Pearl Investments Limited ("BPIL"). Principal Activity: Investment holding. Issued and Paid-up: USD 2 comprising two ordinary shares issued at a price of Share Capital USD 1 each. Through its interest in RPIL, CapitaLand holds a 50% interest in BPIL, and BPIL has become an associated company of CapitaLand. RPIL and BPIL have been established to acquire approximately 70% of the area of Pufa Tower, an operational office property located in Shanghai, China. The establishment of RPIL and BPIL (the "Establishment") is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2019.