Christiani & Nielsen (Thai) Public Company Limited announced Proposed Name of the Subsidiary: Christiani & Nielsen DCM Co. Ltd.; Country of Incorporation: Thailand; Registration Date: Within February 2023; Type of Business: Construction of High End Residential Villas, Hotels and Resorts; Registered Capital: THB 100,000. Par value: THB 100 each.

Source of funds: Company's internal cash reserves. Objective of the investment: To provide construction services of High End Residential Villas, Hotels and Resorts in Thailand and ASEAN Countries. Benefit of the investment: Financial returns and reputation.

Transaction size of the investment of the Company: The total value of the consideration of the investment of the Company is THB 79,900 which is 0.0013% of the net tangible assets value of the Company and its subsidiaries based on the latest audited consolidated financial statements ended September 30, 2022. Therefore, this transaction is not subject to the disclosure requirement under the Notification of the Stock Exchange of Thailand on Rules, Procedures and Disclosure of Information Relating to the Acquisition and Disposition of Assets of Listed Companies or the Connected Transactions of Listed Companies. Furthermore, as neither the Company nor its subsidiaries has entered into any acquisition transaction during the past six months, this transaction is not subject to the disclosure requirement per the above-mentioned Notification.