Symphony Limited seeks to explore business opportunities in Brazil. Hence, the Company has incorporated a wholly owned subsidiary company in the name and style of "Symphony Climatizadores Ltda" in Brazil. The Company has incorporated a subsidiary company in Brazil to carry out trading activities in Air Coolers which is in line with the Main Object of the Company. The newly incorporated entity shall import coolers, spares etc. from Symphony Limited and other overseas subsidiaries of the Company located in China, Mexico and Australia.