SUTL Enterprise Limited announced that on 29 June 2023, ONE15 Marina Holdings (Australia) Pty Ltd. a direct, wholly-owned subsidiary of the Company, was incorporated in Australia. The New subsidiary has an issued and paid-up capital comprising 10,000 shares at an issue price of AUD 1.00 per share, subscribed for and held by the Company. The proposed principal activity of the New Subsidiary would be that of investment holding.