The Board of Directors of Fututech Berhad ("Company") is pleased to announce the incorporation of its wholly-owned subsidiary namely, FutuProp Sdn. Bhd. (“FutuProp”) on 28 August 2013.

The authorised share capital of FutuProp is RM400,000 divided into 400,000 ordinary shares of RM1.00 each with a total issued and paid-up share capital of RM2.00 comprising 2 ordinary shares of RM1.00 each.

The intended business activity of FutuProp is investment holding.

The aforesaid incorporation would not have a material effect on the Group's earnings and net assets for the financial year ending 31 December 2013.

None of the Directors and substantial shareholders of the Company and persons connected to the Directors and substantial shareholders of the Company has any interest, direct or indirect, in the abovesaid matter.