The Board of Directors of Singapore Medical Group Limited announced that the Company had on 21 September 2018 incorporated a wholly-owned subsidiary in Singapore known as HiDoc Pte. Ltd. HiDoc was registered with an issued and paid-up capital of SGD 100 comprising 100 ordinary shares. The principal activities of HiDoc are that of the development of software/e-commence applications for medical related services. The investment of SGD 100 is funded through the Company's internal resources and is not expected to have any material impact on the consolidated earnings per share and/or net tangible assets per share of the Group for the financial year ending 31 December 2018.