TEHO International Inc. Ltd. announced incorporation of indirect wholly-owned subsidiary ­ TEHO EuROPE Property B.V. TEHO EuROPE B.V., a wholly-owned subsidiary of the Company incorporated in The Netherlands, has on 29 June 2022 incorporated a wholly-owned subsidiary in The Netherlands known as TEHO EuROPE Property B.V. TEPBV was incorporated with an issued and paid-up share capital of EUR 120 (approximately SGD 175) comprising of 120 shares at EUR 1 per ordinary share. The principal business of TEPBV is the buying and selling of real estate. The incorporation of TEPBV was funded by internal resources and is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the financial year ended 30 June 2022.