The Board of Directors of Eneco Energy Limited and together with its subsidiaries announce that the Company has on 02 July 2020 applied to the Accounting and Corporate Regulatory Authority ("ACRA") to strike off its indirect wholly-owned subsidiary incorporated in Singapore, RichLand Commercial Properties Pte. Ltd. ("RCP") under Section 344A of the Companies Act, Cap 50. RCP had ceased operations on 14 May 2018 because the Group chose not to renew thehead lease for the warehouse facility located in Bedok as RichLand Logistics Services Pte Ltd. had secured a new operational hub in Tuas. RCP was the holding company of the head lease for Bedok which had run for 10 years and became commercially unsustainable.