The Board of Directors of LFE Corporation Berhad announced that it has incorporated a 60% owned subsidiary known as LFE Development Sdn Bhd ("LFEDSB"). LFEDSB is a company incorporated in Malaysia under the Malaysia Companies Act, 2016 on 2 August 2021, having its registered office at Level 2, Tower 1, Avenue 5, Bangsar South City, 59200 Kuala Lumpur and one hundred (100) ordinary shares have been issued and fully paid-up.