Function International Public Company Limited announced that the board of directors' Meeting held on October 12, 2023, resolved to approve the establishment of 1 subsidiary company with a registered capital of THB 160,000,000. The company holds shares in the proportion of 99% with the objective of entering into a contract to purchase land, Invest in construction of the company's product manufacturing plant. using the remaining space to operate a factory rental business, and the creation of a free zone area (FREE ZONE) in the future.

The details of the subsidiaries are as follows: Company Name: In the process of reserving a name; Address: No. 313 Charoen Phatthana Rd., Bang Chan, Khlong Sam Wa, Bangkok. Objective: Purchasing land and investing in construction of the company's production factory, using the remaining space to operate a factory rental business in the future and creating a free zone area (FREE ZONE).

And the company has approved a newly established subsidiary to enter into an asset acquisition transaction by purchasing 9 plots of land, area 40 rai 69 square wa, with a total value of THB 156,345,000.