Libra Group Limited, together with its subsidiary announced that the Company has incorporated a wholly-owned subsidiary, C & E Pioneer Trading Pte. Ltd. Place of Incorporation is Singapore. Date of Incorporation is 24 November 2021. Percentage of shareholding is The Company owns 100% of the shareholding interest in C & E Pioneer Trading Pte. Ltd. Principal Activities is Supply of building materials and supplies. The incorporation of C & E Pioneer Trading Pte. Ltd. is to further the Group's current principal line of business as a service provider in the Singapore construction industry. The incorporation of the subsidiary was funded through internal resources and is not expected to have any material impact on the net tangible assets per share and earnings per share of the Group for the current financial year ending 31 December 2021. The subsidiary will be seeking to raise working capital for its new business through its operations and financing.