In November 2017, the Group incorporated a 51% owned subsidiary, Camsing Healthcare (Fuzhou) Medical Instrument Co., Ltd (“Camsing Fuzhou”), in the People's Republic of China. The remaining 49% equity in Camsing Fuzhou is owned by Fuzhou Zhongxing Baokang Trading Co. Ltd, a medical products trading company that has in-depth knowledge and vast business network in China's healthcare industry. The principal activities of this subsidiary are to distribute and trade in medical instrument and medical supplies, and provide logistic services to the healthcare industry in China. The incorporation of Camsing Fuzhou enables the Group to leverage on its partner's expertise and network so as to capitalise on the opportunities in the healthcare industry of China. The Group will continue to explore new business opportunities that are adjacent to its core business so as to achieve sustainable growth in the long term.