Gulf Energy Development Public Company Limited provided notification to the Stock Exchange of Thailand that on December 21, 2023, the Company established Gulf Power Generation Services Company Limited, the Company's wholly-owned subsidiary incorporated in Thailand with a registered capital of THB 20,000,000. The company has been established with the objective to provide operations and maintenance, engineering, financial, accounting and managerial services as well as other services to companies in the Group that engage in the power generation business and other related businesses. The aforementioned transaction size is not classified as a transaction under the Notification of the Capital Market Supervisory Board No.

Tor Chor. 20/2008 regarding Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets and is not considered a connected transaction. However, the Company is required to disclose the aforementioned information to the Stock Exchange of Thailand in accordance with the Regulation of the Stock Exchange of Thailand regarding Rules, Conditions and Procedures of Information Disclosure and Practices of Listed Company.