Energy Absolute Public Company Limited announced the establishment of new subsidiary. Name of new subsidiary: ENERGY ABSOLUTE INTERNATIONAL HOLDING PTE. LTD. Date of Establishment 3 MAY 2023 (Establish in Singapore).

Registered Capital: The registered capital of SGD 1,000,000.-, Divided into 1,000,000.- ordinary share with par value of SGD 1.- per share. % of shareholding 100% of registered capital held by Energy Absolute Public Company Limited. Main Objective HOLDING COMPANIES.

Source of funds The Company's cash flow. Size of transaction: Having considered the value of consideration (as of the consolidated financial statements ended 31 December 2022), the size of the above transactions is 0.02498% and the size of acquired transaction during the past of 6 months of 0.00629%. In this respect, this transaction is not required to disclose and not the connected transaction.