Delta Electronics (Thailand) Public Company Limited announced that at the board of directors meeting held on 27 October 2023, the board has approved the establishment of a new subsidiary in Indonesia with registered capital of IDR 10,000 million (approx. THB 23.11 million) and paid up capital of IDR 10,000 million (approx. THB 23.11 million).

Name of the company would be PT Delta Electronics Indonesia. Estimated completion of this new company is fourth quarter of 2023. Nature of the business of the new company is Trading and bid local projects.

The board also approved the construction of a building for Delta Energy Systems Property (Germany) GmbH (DES Property) in Soest, Germany, a 100% wholly owned subsidiary of the Company through Delta Energy System (Germany) GmbH (DES Germany), in the amount of ?24.90 million (approximately THB 964 million) to build a new laboratory and office buildings on the existing premises, aiming to facilitate the company's growth and expansion in the years ahead. The financing of the project will be covered by the available cash reserves of Delta Germany. It is expected to be completed by the end of 2025.