Function International Public Company Limited announced that the Board of Directors Meeting No. 3/2023, held on June 28, 2023, has resolved to approve the Company to establish three subsidiaries under the laws of Thailand. By joining with 3 partners who are companies established under the law of the People's Republic of China that specializes in the production and assembly of parts and equipment for water filtration systems. The preliminary details are as follows: Company 1. Registered Capital: THB 5,000,000, divided into 50,000 ordinary shares with the par value of THB 100, Objective, To produce and assemble transformer for water filtration systems, and distribute both for the market in Thailand and oversea market., Shareholding Structure, Function International Public Company Limited 51.00% Representative from Jiangyin Runyang Electronic Co., 49.00% Ltd., Directors,: All directors are representatives of the company, Source of Fund: Working capital of the Company; Company 2; Registered Capital: THB 5,000,000 divided into 50,000 ordinary shares with the par value of THB 100; Objective: To produce and assemble transformer for water filtration systems, and distribute both for the market in Thailand and oversea market.

Shareholding Structure: Function International Public Company Limited 51.00% Representative from Jiangyin Runyang Electronic Co., 49.00% Ltd. Directors: All directors are representatives of the Company. Source of Fund: Working capital of the Company; Company 3: Registered Capital: THB 5,000,000 Baht divided into 50,000 ordinary shares with the par value of THB 100; Objective: To produce and assemble booster pump for water filtration systems, and distribute both for the market in Thailand and oversea market. Shareholding Structure: Function International Public Company Limited 51.00% Representative from Ningbo Aceboom Electric Motor Co.

Ltd. 49.00%; Directors: All directors are representatives of the Company; Source of Fund: Working capital of the Company. Incidentally, since the People's Republic of China has strict laws and regulations for the financial process of transferring money into or out of the country. The 3 partners therefore agreed to appoint representatives who were the major shareholders of the company as a joint venture shareholder in each subsidiary company.

The Company will benefit from the establishment of the subsidiary namely from lower production costs, increase skill and efficiency in the production process, and increase growth in business expansion both domestic and international. The Company will continue to notify the Stock Exchange of Thailand when the 3 subsidiaries have been established.