The board of directors of Coastal Greenland Limited announced that, the Company has incorporated a wholly-owned subsidiary, namely Coastal A.I. Solutions Limitedin Hong Kong. It is intended that Coastal A.I. Solutions would principally engage in artificial intelligence-related projects, being a new business segment of the Group currently in the initial phase of research and development. The Group would utilise its own funds to develop the new business segment and there is no certainty about the outcome of the development of the new business segment.