The Board of Directors of Banyan Tree Holdings Limited ("BTH") wishes to announce that its subsidiary, Banyan Tree Gallery (Singapore) Pte Ltd has incorporated a wholly-owned subsidiary known as Lijiang Banyan Tree Gallery Trading Company Limited ("LBTG").
LBTG, which is incorporated in the People's Republic of China, has a registered and paid up capital of US$75,000. The principal activity of LBTG is that of trading and retailing of consumer goods in resorts.