Country Group Holdings Public Company Limited informed that the Board of Directors held on 13 January 2022 resolved to approve the establishment of new subsidiary with the following details: Company Name: Pi Ventures Company Limited; Date of Establishment: Within January 2022; Register Capital: THB 5,000,000 which divided into 500,000 ordinary shares, with the par value of THB 10 per share (Plan to increase registered capital to THB 500,000,000 within first quarter of 2022); Objective of Incorporation: Investment in potential business or digital technology to achieve the Company objective and focus on sustainability growth; Shareholder Structure: The Company hold 99.99% of the total shares of Pi Ventures Co. Ltd.; Source of Fund: Cash from working capital.