The Board of Directors of The Straits Trading Company Limited announced that the following subsidiary has been incorporated in Singapore on August 17, 2018. The subsidiary is SRE Australia 12 Pte. Ltd. Issued and paid up share capital is SGD 1.00. The incorporation of the subsidiary is not expected to have any material impact on the net tangible assets and earnings per share of the Company for the financial year ending 31 December 2018. The principal activity of new company is investment holding.