Delta Electronics (Thailand) Public Co. Ltd. hereby notify the resolution of the board of directors No. 2/2021 held on 31 March 2021 regarding the dissolution of the joint venture company in Thailand. The meeting resolved to dissolve "Delta PBA Engineering Solutions Company Limited" a joint venture company, which the Company holds 51% shares through "Delta Energy Systems (Singapore) Pte. Ltd.", a wholly owned subsidiary of the company in order to reduce the management cost, as the company no longer has business transaction. The dissolution of the joint venture company will not affect the operations of the company in any way, and it is expected to complete the liquidation by July 2021.