The board of directors of Industronics (IB) announced that the company had on 13 February 2019 incorporated a new wholly-owned subsidiary, namely ECGO International Limited. The company is currently dormant. ECGO was incorporated in Hong Kong on 13 February 2019 under the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) with an issued share capital of HKD 1 divided into 1 ordinary share. The incorporation of ECGO is not expected to have any material effect on the earnings or net assets of IB for the financial year ending 31 December 2019.

The sole Director of ECGO is Ms. Liu Wing Yee, Amy.