Bangkok Chain Hospital Public Company Limited has signed a joint venture agreement with Bangkok Cancer Detection and Treatment Center Company Limited on February 24, 2023 for the purpose of establishing a new joint venture company, namely "Kasemrad Ari Cancer Rangsi Raksa Center Company Limited, which will be completed within March 2023 in accordance with the Board of Directors' resolution from the meeting no.1/2023 held on January 16, 2023. The JV Company is established with registered capital of THB 300,000,000 comprising of 30,000,000 ordinary shares with par value at THB 10 per share. The Company and the Research Company will hold 51 and 49 percent of the outstanding shares in the JV Company, respectively.

The JV Company shall pay 25 percent of registered capital with total value of THB 75,000,000 in the beginning and additional payment of the registered capital will be paid upon future capital requirement. The JV Company is established to operate as a specialized medical center for cancer treatment using radiotherapy. This collaboration between the Company, which have patient base under 15 affiliated hospitals, and the Research Company, which has specialized in medical operations and treatment of cancer using radiotherapy for over 37 years, would enhance the Company's capability of cancer treatment, reduce the referral costs to non-affiliated hospitals, and promote the Company to become a referral center for both general patients and patients under the Social Security Scheme.

This specialized cancer center is located nearby World Medical Hospital, Chaengwattana Road, Nonthaburi Province. Currently, the building is under renovation process to install medical equipment and is expected to start operation in the first quarter of 2024.