Eindec Corporation Limited announce that the Company has incorporated five indirect subsidiary companies in the People's Republic of China ("China") to grow its new e- commerce trading business in China ("Incorporations"). Each of these five subsidiary companies is principally engaged in the business of e-commerce trading on various social media platforms and online stores. Further details of the Incorporations are as follows: Name: Zanylen (Shanghai) Commerce AMD Trade Co.

Ltd, Country of Incorporation: China, Registered Capital: RMB 1 million, Effective Interest held by the Company: 100%. Name: Eadehealth Technology Co., Ltd, Country of Incorporation: China, Registered Capital: RMB 1 million, Effective Interest held by the Company: 40%. Name: Eadehealth Smart Home Appliances Co.,Ltd, Country of Incorporation: China, Registered Capital: RMB 100,000.00, Effective Interest held by the Company: 40%.

Name: Eadehealth E-Commerce Co., Ltd, Country of Incorporation: China, Registered Capital: RMB 100,000.00, Effective Interest held by the Company: 40%. Name: Eadehealth Fashion Accessories Co., Ltd, Country of Incorporation: China, Registered Capital: RMB 100,000.00, Effective Interest held by the Company: 69.40%. The Incorporations are not expected to have any material impact on the earnings per share or the net tangible assets per share of the Company and the Group for the current financial year ending 31 December 2023.