The Board of Directors of Christiani & Nielsen (Thai) Public Company Limited meeting held on 14 November 2022, has resolved to approve, as follows: The dissolution of the subsidiary which currently does not operate any business. Subsidiary Company: Christiani & Nielsen (Myanmar) Limited (CNM). Type of Business: Construction, engineering and related services.

Registered capital: USD 500,000 (500,000 ordinary shares of USD 1 each). Issued and fully paid-up capital: USD 400,000 (400,000 ordinary shares of USD 1 each). % shareholding: 99.999% of the registered capital.

Rationale for liquidation: The subsidiary has not been doing any business since a long time due to difficult economic conditions which are not expected to improve in the near future. However, the closure of the said business does not affect the Company's operations in any way. The Subsidiary shall proceed with further legal procedure regarding liquidation register.

The process is expected to be finished within year 2023.