Ananda Development Public Company Limited announced that on 19 March 2018, the Company has established a subsidiary with 3 investors who are not connected persons of the Company. The details of the subsidiary to be established is as follows: Company's name is Exponential Social Enterprise Co. Ltd. Type of Business is Bringing together a world-class collection of leaders through exhibition, seminar and knowledge hub to strive to better understand the future through exponential technologies, create meaningful connections among colleagues, and empower every individual to go out and build a better world - influencing the academic, society and economics of Thailand. Registered Capital: THB 1,000,000, divided into 10,000 ordinary shares, at the par value of THB 100 per share.

Directors of the subsidiary: Mr. Sermsak Khwanpuang, Ms. Patcharavalai Ruangkritya, Dr. John Leslie Millar and Mr. Lloyd Vatanakovarun.