With reference to the Board of Directors of Asia Green Energy Public Company Limited (The "Company") has passed the resolution to approve to AGE Ventures Co. Ltd. establish the subsidiaries. The details are as follows:- Company name: AGE AV Plus Co.

Ltd. Objective: Providing Electric Vehicle rental services. Registered Capital: THB 20,000,000. Shareholding Proportion: AGE Ventures Company Limited (Former: AGE Leasing Co.

Ltd.) holds 100% of shares. Company name: AGE Auto Gallery co., ltd. Objective: Dealer of Combustion Cars and Electric Vehicle. Registered Capital: THB 20,000,000.

Shareholding Proportion: 1. AGE Ventures Company Limited (Former: AGE Leasing Co. Ltd.) holds 55% of shares. 2. Mr.Thammarat Poebaikhun holds 45% of shares (person who is not related of Company).