The Board of Directors of Starland Holdings Limited announced that its subsidiary, Jumbo Equity Group Limited, had on January 8, 2013 incorporated a wholly-owned subsidiary, named Starland Commercial Trading Pte. Ltd. in the Republic of Singapore. Starland Commercial Trading Pte.

Ltd. has an initial issued and paid up capital of SGD 1.00 comprising one ordinary share. The principal activity of Starland Commercial Trading Pte. Ltd. is to undertake investments, business and management consultancy services.

The investment is funded by the company's internal resources and is not expected to have any material impact on the net tangible assets per share and/or earnings per share of the group for the financial year ending September 30, 2013.