The Board of Director' Meeting No. 4/2023 of Grand Prix International Public Company Limited ("Grand Prix"), held on August 7, 2023 has approved the establishment of a joint venture company between Grand Prix International Public Company Limited and Tri- League (Thailand) Company Limited. The details are as follows: Company Name: Grand Prix Tri-League Entertainment; Registered Date: October 20, 2023; Business Nature: Sports Organizing Activities; Registered capital: 1,000,000 THB; Shareholding structure: 1) Grand Prix holds 49% of shares, 2) Tri-League (Thailand) Co. Ltd. holds 49% of shares 3) Mr. Peeraphong Eamlumnow holds 1 % of shares 4) Mr. Kobkiat Sangwanich holds 1 % of shares. The source of fund: Fund obtained from the Company's operation. Although the shareholders, holding shares with less than 10% of the associate companies, are the same group of shareholders with power assertion within the main company, these participants are exempted and are not to be bound with restrictions of Power Assertion within the associate
companies due to small shares holding and have no influences or power in making decision within the companies. This complies with SEC issued SEC Announcement TorJor. 21/2521 on connected transaction rules for the listed companies to abide by.