The Board of Directors of Fragrance Group Limited (the "company", and together with its subsidiaries, the "Group") announced that the Group has incorporated the following subsidiaries in the United Kingdom: Fragrance UK Investment Limited with a initial paid up capital of GBP 5,000,000. The principal activity of the company is investment holding company. The company incorporated Fragrance UK-Blackpool Limited with a initial paid up capital of GBP 1,000,000. The principal activity of the company is property investment holding company. The company incorporated Fragrance UK Hotel Management Limited with a initial paid up capital of GBP 100,000. The principal activity of the company is hotel management company.