BBGI Public Company Limited informd that, to expend company's business model from company's current business which is production of biofuel, into a high-value bioproduct business that implements synthetic biology technology or SynBio and adds value to the products and brings benefits to the quality of human life and environment, the Company has signed a joint venture agreement with Biom Co. Ltd. ("Biom") on 7 April 2022. In this joint venture, the Company will subscribe the newly issued shares of Biom in the amount of not more than 83 million Baht.

As a result, the Company will hold 20% and the group of Biom's existing shareholders will hold 80% of all newly issued and subscribed shares. The payment condition for the first payment of the subscription of shares value is THB 30 million and will be paid within 30 April 2022, and payment for the remaining balance will be paid according to the success of research operations of Biom's business plan. In addition, the Company as the first company, has obtained the right to take research results to commercially develop products to be more effective and bring value to the Thai society, especially the research on biological products that uses SynBio technology and other biological products.