The Board of Directors of Metech International Limited announced that dated 22 April 2020 on the joint venture agreement between Mr. In Nany Sing Charlie ("Charlie") and the Company to incorporate a joint venture company in Singapore. Further to the Previous Announcement, the Company informed that the joint venture company known as Asian Agritech Pte. Ltd. (the "JV Company") has been incorporated on 30 June 2020 with an issued and paid-up capital of SGD 100.00 divided into 100 shares. The principal activities of the JV Company is to carry out circular economy marketing, advisory and management services in relation to recycling and trading in Singapore and PRC. The incorporation of the JV Company is funded through internal resources and is not expected to have any material impact of the earnings per share or net tangible assets per share of the Group for the current financial year ending 30 June 2020.