Chayo Group Public Company Limited disclosed the resolution of the Board of Directors' meeting no. 6/2022 on 22 July 2022, which approved the Company to enter into the office building lease agreement. The detail of the connected transaction are as follows: Date of Transaction: 1 August 2022.

Related Parties and Relationship with the Listed Company. Lessor: Mr. Thiti Yasasin, Assistant Finance Manager of Chayo Capital Company Limited (CHAYO holds 71% shares in Chayo Capital Company Co., Ltd). He is the son of Mr. Suksan Yasasin, Chief Executive Officer of CHAYO (Mr. Suksna holds 32.89% shares in CHAYO).

Lessees: Chayo Group Public Company Limited. Type of the Transaction: Rental of property (Office Building) not exceeding 3 years. Transaction Detail: Entering into a lease agreement of office space located at 44/547-554 Phahonyothin Road, Anusawari Sub-district, Bang Khen District, Bangkok 10220, totaling 8 booths (Total area is arpund 1,920 square meters) for a period of 3 years (from 1 August 2022 to 31 July 2025).

Transaction Objective: For Business's Operation of the Company and its' subsidiaries and for supporting the Business's expansion of the Group (currently supporting 5 companies). Rental Fee: THB 188,000 per month, approximately THB 98 per square meter (excluding utilities). Payment Term: Monthly basis.

Total Value of Transaction: THB 6,768,000. (for a three-year contract). Criteria to calculate the transaction value: The rental is defined by market price.

The market price was compared with the rental rate of other buildings nearbywhich the rental rate of these buildings were around THB 80 - THB 150 per square meter. Size of Transaction: Size of the transaction equal to 0.25% of the net tangible assets by calculating from the audited consolidated financial statement of the Company and its subsidiaries as at 31 March 2022.