The board of directors of Heatec Jietong Holdings Ltd. announced that the Company has, on 28 May 2021, through its direct wholly-owned subsidiary, Heatec Jietong Pte. Ltd. ("HJPL"), incorporated a wholly-owned subsidiary, JTY Engineering Pte. Ltd. ("JTYEPL") in Singapore (the "Incorporation"). The Incorporation is not expected to have any material impact on the consolidated net tangible assets and earnings per share of the Group for the financial year ending 31 December 2021. None of the Directors or substantial shareholders of the Company, as well as their respective associates, has any direct or indirect interest in the Incorporation, other than as disclosed above and/or through their respective shareholdings (if any) in the Company.