The Practical Solution Public Company Limited announced that the Board of Director's meeting No. 5/2023, which was held on July 19, 2023, has passed a resolution approving the establishment of subsidiaries, details of which are as follows: Name of Subsidiaries: Applied Techne Company Limited; Establishment Date: Within August 2023; Location of Head Office: No.99 Soi Cement Thai, Rachadapisek Road, Ladyao, Chatuchak, Bangkok 10900; Types of Business: To provide consulting, distribution, installation, and maintenance of Railway Systems and all kinds of machinery; Registered Capital: THB 10,000,000, divided into 100,000 ordinary shares, at a par value of THB 100 each. Shareholding Structure: 65% held by TPS, 10% held by Mr. Bunsom Kitkasetsathaporn (Director of TPS), 5% held by Ms. Aumaporn Sengsui (Director of TPS), 20% held by Mr. Thomas Jarik (Third party is not a connected person); Directors: Mr. Bunsom Kitkaetsathaporn, Ms.AumapornSengsui, Mr. Thomas Jarik; Source of Funds: Working capital of the Company.
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