The Board of Directors of Kingsmen Creatives Ltd. announced that its 80% indirectly owned subsidiary, Kingsmen Xperience Inc. (Kingsmen Xperience), had incorporated a wholly owned subsidiary, namely CrayArt USA, LLC (CrayArt USA) in the United States of America. The issued and paid-up share capital of CrayArt USA upon incorporation is USD 500. The principal activities of CrayArt USA are the creation and ownership of
media/entertainment themed licenses and development and marketing of intellectual property for themed attractions and lifestyle parks and any related business.