AP (Thailand) plc announced that regarding the resolution of board of directors' meeting held on 18 October 2022 to establish 7 subsidiary companies which details are as following: Registered name: HOMERUN PROPTECH Co. Ltd.; Type of business: Property development; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share. Registered name: RC 6 Co.

Ltd.; Type of business: Property; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share. Registered name: RC 7 Co. Ltd.; Type of business: Property; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share.

Registered name: RC 8 Co. Ltd.; Type of business: Property; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share. Registered name: RC 9 Co.

Ltd.; Type of business: Property; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share. Registered name: RC 10 Co. Ltd.; Type of business: Property; Ratio of share held by AP: 99.99%; Registered capital: THB 1,000,000, 100,000 ordinary registered shares, with the par value of THB 10 per share.