The Board of Directors of YHI International Limited announced that the Group has incorporated a new subsidiary in Malaysia known as YHI Logistics (Malaysia) Sdn. Bhd. The issued share capital of YHI Logistics (Malaysia) is MYR 1,000 divided into 1,000 ordinary shares. The principal activity of YHI Logistics (Malaysia) is the provision of logistics services. The incorporation of YHI Logistics (Malaysia) is funded by internal resources and is not expected to have a material impact on the Company's earnings per share and net tangible assets per share for the current financial year ending 31 December 2018.