The Board of Directors of China Haida Ltd. announced that the Company has incorporated wholly-owned subsidiary. The name of the subsidiary is AAAAA Holdings Pte. Ltd. in Singapore as Holding company of subsidiaries in China. The incorporation of 5A Holdings is funded through internal resources and is not expected to have any material impact on the earnings per share or net tangible assets per share of the Company for the financial year ending December 31, 2021. None of the Directors, controlling shareholders or substantial shareholders of the Company has any interest, director or indirect, in the incorporation of 5A Holdings, other than through their respective interests in the Company. Place of incorporation: Singapore, Issued Share Capital: SGD 20,000, Principal Activities: Holding company of subsidiaries in China.