The board of directors of shopper360 Limited announced that the company has on the date hereof incorporated a new wholly-owned subsidiary (the "Subsidiary") in Singapore. The name of the Subsidiary was Shopperplus Singapore Pte. Ltd., with an Issued and paid-up share capital of SGD 1.00, comprising one share. The Principal activities of the business was In-store media advertising, sampling and event management, digital marketing as well as field force management.