Asset World Corp. Public Company Limited informed the Stock Exchange of Thailand that a new subsidiary of the Company has been set up on June 14, 2023, details as per below: Company Name: San Chaomae Majo Co. Ltd. Registered Capital: THB 100,000; The Objective: To manage Majo Shrine under the Project Lhong 1919 Riverside Heritage Destination in order to preserve value, the culture, historical heritage, and community's spirit.

Source of Fund: The Company's working capital; Registration date: June 14, 2023.