BTS Group Holdings Public Company Limited announced that the establishment of 2 new subsidiaries as follows: Name: Thitid Holdings Company Limited (?Thitid Holdings?); Type of Business: To invest in other companies; Shareholding Structure: Turtle 4 Company Limited (?Turtle 4?) holds 100% of preferred shares or equivalent to 45% of the total issued shares, representing 55% of the total voting rights of Thitid Holdings. It is deemed that Turtle 4 has a controlling power over Thitid Holdings, which results in such company becoming a subsidiary of the Company. Other shareholder holds 100% of ordinary shares or equivalent to 45% of the total issued shares, representing 45% of the total voting rights of Thitid Holdings.

Source of Fund: Working capital of the Company; Board of Directors' Structure: 3 directors, with 2 directors are nominated by Turtle 4. Name: Formation 5 Company Limited; Type of Business: To operate a golf driving range business and retail businesses that supplement the golf driving range business; Source of Fund: Working capital of the Company; Board of Directors' Structure: 3 directors, with 2 directors nominated by the Company.