Function International Public Company Limited informed that on May 23, 2023, the Company has signed 3 Memorandum of Understanding (MOU) to study the feasibility of a project to establish a joint venture company to produce and assemble parts and equipment for water filtration systems between the Company and 3 business partners with the following detail: Business partner No.1: Shanghai Lyuden Environment & Technology Co. Ltd., incorporated under the People's Republic of China laws, with expertise in the production of filters for water filtration systems. Objective: To study the feasibility of joint investment in production and assembly of filters for water filtration systems, which may lead to a joint investment in a new established in Thailand. Cooperation model: - Joint venture to establish a private limited company under the laws of Thailand - The Company holds share in joint venture company in the proportion of more than 50% The period of MOU: 180 days from the date of singing MOU or until the completion of the new company registration.

Business partner No.2: Jiangyin Runyang Electronic Co. Ltd., incorporated under the People's Republic of China laws, with expertise in the production of transformer for water filtration systems. Objective: To study the feasibility of joint investment in production and assembly of transformer for water filtration systems, which may lead to a joint investment in a new established in Thailand. Cooperation model: - Joint venture to establish a private limited company under the laws of Thailand - The Company holds share in joint venture company in the proportion of more than 50% The period of MOU: 180 days from the date of singing MOU or until the completion of the new company registration.

Business partner No.3: Ningbo Aceboom Electric Motor Co. Ltd., incorporated under the People's Republic of China laws, with expertise in the production of booster pump for water filtration systems. Objective: To study the feasibility of joint investment in production and assembly of booster pump for water filtration systems, which may lead to a joint investment in a new established in Thailand. Cooperation model: - Joint venture to establish a private limited company under the laws of Thailand - The Company holds share in joint venture company in the proportion of more than 50% The period of MOU: 180 days from the date of singing MOU or until the completion of the new company registration.