The Board of Directors of Blumont Group Ltd. announced that the Company has incorporated a wholly owned subsidiary, SAL Resorts & Development Pte. Ltd. ("SALRD"). Place of Incorporation is Singapore. Date of incorporation is 18 October 2021. Issued and Paid-Up Capital is $10,000, comprising 10,000 ordinary shares issued at $1.00 per share. The Company owns 100% of the shareholding interest in SALRD.