Chewathai Public Company Limited notified that the Board of Directors' Meeting No. 5/2023 held on August 10, 2023, has resolved to approve the establishment of new subsidiary. The details are as follows: Established Company's Name, Under consideration, Registered under the law, Laws of Thailand, Registration Date, Within quarter 3/2023, Type of Business, Factory for rent, Investment Objectives, To operate the business of factory space for rent, Registered Capital, THB 30,000,000 divided in 300,000 ordinary shares with a par value of THB 100, Shareholding Structure, CHEWA Renue (in which the Company directly holds 100% shares) holds 70% of shares of the newly established company (The remaining 30% are not connected persons of the Company), Directors Structure, Mr. Chartchai Panichewa, Mr. Boon Choon Kiat, Mr. Thanisorn Nitisaropas, Ms. Jirapat Chatpach, Source of Fund, Internal cash flow of the Company and loan.

The establishment of new subsidiary is not a connected transaction and this transaction is considered in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets (as amended) and Notification of the Board of Governors Re: Disclosure of Information and Other Act of Listed Companies Con concerning the Acquisition or Disposition of Assets B.E.2547 (as amended) which the transaction size in not subject to any disclosure under regulations on acquisition and disposition of assets of the listed companies.

However, the Company has a duty to report information on the basis that a listed company or its subsidiary company acquires investments in other companies, which results in such a newly established company becoming the joint venture company of the subsidiary company of the subsidiary company.