The Board of Directors of Singapore O&G Ltd. announced the incorporation of a direct wholly-owned Gleneagles) Pte. Ltd. ("CPG") and indirect wholly- subsidiary, SOG Children (Paediatrics-Gleneagles) Pte. Ltd. ("CPG") and indirect wholly- owned subsidiary, SOG Dermatology (Gleneagles) Pte. Ltd. ("DG") (collectively, the "Subsidiaries") in Singapore on 8 January 2019. The issued and paid-up share capital of each of the Subsidiaries consists of 1,000 ordinary shares of SGD 1 each. The principal activity of the CPG is that of the provisions of general paediatrics and paediatric respiratory medicine services, whilst that of DG is in the provision of general dermatology services. The incorporation of the Subsidiaries was funded through internal resources and is not expected to have any material impact on the earnings per share or net tangible assets per share of the Group for the financial year ending 31 December 2019.