The Board of Directors of Thomson Medical Group Limited announced that the Company has incorporated a new wholly-owned subsidiary in Singapore, known as Thomson X Pte Ltd. with an issued and paid-up share capital of SGD 100 comprising 100 shares. Thomson X aims to partner with leading HealthTech startups and international associations to deliver innovative health and wellness solutions globally. The partnership and ecosystem will drive growth for and partners and deliver health and wellness solutions to empower patients in the new environment. This will help to future-proof business model and extend the reach of the Group by leveraging on technology and connectivity. The incorporation of Thomson X is funded through internal resources and is not expected to have any material impact on the earnings per share and net tangible assets per share of the Group for the financial year ending 30 June 2021.