Acesian Partners Limited announced that the company has on 28 May 2024 incorporated a wholly-owned subsidiary in Singapore, Acesian Technologies Solutions Pte. Ltd. (ATS), with an initial issued and paid-up share capital of $100 divided into 100 ordinary shares. The principal activity of ATS is sales and distribution of coated stainless-steel ductworks, uncoated welded stainless-steel ductworks and other specialized exhaust system components, mainly to serve the overseas market segment which is in line with overseas market expansion plans.

The establishment of ATS was funded through internal resources and is not expected to have any material impact on the Group's consolidated earnings or net tangible assets per share for the current financial year ending 31 December 2024.