Edvance International Holdings Limited announced that the Group plans to expand its existing operation in Singapore as its service hub, and in the longer run, to extend the DRC infrastructure from Hong Kong to Singapore. In view of this future development in the region and to streamline management structure, the Board announced that the company is in the process of establishing an indirect wholly-owned subsidiary in Singapore, namely, Green Radar (Singapore) Pte. Ltd. (subject to the final name as approved and registered by the relevant authority in Singapore). The Singapore Subsidiary will have a total issued and paid-up capital of SGD 100,000 which is expected to be paid up by the Group's internal resources. The Singapore Subsidiary will be principal y engaged in the provision of information technology security services. The Board considers that the establishment of the Singapore Subsidiary will reflect the Group's direction of future development in the region.