Skipper Ltd Incorporates US Subsidiary SKIPPER GRIDTECH

Date: 30th October, 2026

Disinvestment / Strategic Actions

• Skipper Limited has incorporated a wholly owned subsidiary company named SKIPPER GRIDTECH Inc in Texas, USA.
• The subsidiary was incorporated on 26th October, 2026, with the business registration extract received on 30th October, 2026.
• The company has invested funds by subscribing to shares of the newly incorporated overseas company with a total investment of up to USD 50,000.
• Skipper Limited acquired 100% stake in the subsidiary company.
• The subsidiary is formed for any and all lawful business for which a for-profit corporation may be organized under the Texas Business Organization Code.
• The incorporation required approval from the Office of the Secretary of State of Texas.
• This constitutes a related party transaction as the subsidiary is wholly owned by Skipper Limited.