Wilmar International Limited announced the establishment of subsidiaries and associated company: Wilmar Oleo Industries Development (Lianyungang) Co. Ltd. (China Subsidiary) and Yihai Kerry (Qinhuangdao) Plant Protein Technology Co. Ltd. (China Associated Company). Wilmar Oleo Industries Development (Lianyungang) Co. Ltd. ("WOleo") is a direct wholly-owned subsidiary of Yihai Kerry Arawana Holdings Co. Ltd. ("YKA"), which is in turn, an indirect 99.99% owned subsidiary of Wilmar. WOleo has a registered capital of RMB 100,000,000. WOleo will engage in generating and providing electricity. Yihai Kerry (Qinhuangdao) Plant Protein Technology Co. Ltd. ("YK Qinhuangdao") is a direct 31% owned associated company of YKA. YK Qinhuangdao has a registered capital of RMB 15,000,000. The remaining 69% of the registered capital of YK Qinhuangdao is held by: Fanghui (Tianjin) Biotechnology Development Co., Ltd, a party not related to Wilmar (49%); and Jiafeng Yida (Tianjin) Industry Development Co., Ltd, company owned by certain employees of YKA (20%).