The Board of Directors of Karin Technology Holdings Limited announced the following transactions occurred during the second half year ended 30 June 2023 pursuant to Rule 706A of the Listing Manual of Singapore Exchange Securities Trading Limited ("SGX-ST"): Incorporation of a Subsidiary Company: Name of company: Kepro Australia Pty Limited, Country of incorporation: Australia, Issued and paid-up capital: AUD 100.00, Shareholding: 100%, Principal activities: IT software development and data consulting services.