Ho Bee Land Limited announced the establishment of a wholly-owned subsidiary in the United Kingdom: Name of entity: Ho Bee Land (UK) Ltd. Registered capital: £50,000.00 comprising 50,000 ordinary shares Shareholding: 100% held by Ho Bee Land Limited. The above entity is established for the purpose of the Group's ongoing business development. The establishment of the above subsidiary is not expected to have a material impact on the consolidated net tangible assets or earnings per share of the Group for the financial year ending 31 December 2024.