Noble Group Limited announced that on 4 September 2018, the company has established a wholly-owned subsidiary, Noble Intermediate Hold Co Limited, in the British Virgin Islands which principal business is investment holding. As at the date of incorporation, the issued and paid-up share capital and the net tangible asset value and book value of Noble Intermediate Hold Co Limited is USD 100 comprising 100 shares at USD 1.00 each. The establishment was satisfied by cash and funded by internal resources.