A Brown Company, Inc. advised that, further to disclosure dated 17 January 2023, the Securities and Exchange Commission has approved the incorporation of the Company's new subsidiary, Surigao Greens Agri Corp. ABCI has subscribed to 12,500,000 common shares representing 100% of SGAC's outstanding capital stock at incorporation. SGAC has the following primary purpose: To engage in the business of processing, milling and refining palm oil to manufacture crude palm oil, Refined Beached Deodorized Palm Oil, Palm Olein, and other products and to distribute such products on a wholesale or retail basis, provided that the Corporation shall not solicit accept or take investments/placements from the public and neither shall it issue investment contracts.