The board of directors of Union Gas Holdings Limited announced the incorporation of Union LPG Pte. Ltd., a wholly-owned subsidiary. The Subsidiary was incorporated and registered in Singapore on 9 January 2019. The Subsidiary has paid up capital of SGD 2.00 and its principal activities will be in the retail sales of liquefied petroleum gas to commercial customers. The incorporation of the Subsidiary was funded through internal resources of the Group and is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the current financial year ending 31 December 2019.