Lian Beng Group Ltd. Announces Incorporation of a Subsidiary Company in Singapore, Named Lian Beng Marine Pte Ltd

Lian Beng Group Ltd is a Singapore-based investment holding company. The principal activities of the Company are construction, dormitory, investment holding and property development. The Company has four segments. The construction segment is in the business of constructing residential, institutional, industrial and commercial properties, and civil engineering projects as the main contractor. This segment also engages in other construction-related activities. The dormitory segment is involved in the rental of dormitory units and the provision of dormitory accommodation services. The investment holding segment holds investments in properties and quoted and unquoted securities for long-term capital appreciation, and recurring income. The property development segment includes the development and sale of properties, including residential, commercial and industrial, provision of development management services, as a fund manager, as well as investment in the funds managed by fund managers.