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Checkpoint Trends Limited's board, in its meeting on October 6, 2025, approved the incorporation of a wholly-owned subsidiary (WOS) in the United Kingdom to carry out FMCG and general trading business. The company will subscribe to 100% of the paid-up share capital on an all-cash basis, and the new entity is not a related-party transaction. The move is aimed at diversifying the business from domestic markets to international markets. The incorporation is subject to statutory approvals in the UK, and no turnover details are applicable as it is a newly incorporated entity.
This is an early-stage, purely cash-funded subsidiary creation in a new geography and business area (FMCG/trading), so there is no immediate material impact on shareholders or stock price, but it signals the company's intent to expand internationally and enter FMCG trade.