K. W. Metal Work Public Company Limited informed that the Board of Directors Meeting No.2/2021 held on March 18, 2021 at 14:00 hrs. has passed a resolution of the establishment of 2 Company's' subsidiaries. The details are as follows: Name of Company: LabActive Co. Ltd.; Date of transaction: March 18, 2021; Nature of Business: Extract and sell active ingredients from natural products for cosmetic industry; Registered Capital and Shares: THB 10,000,000, divided into 100,000 ordinary shares at a par value THB 100 per share; Ratio of Investment: KWM holds 51% of issued and paid-up share capital, equivalent to THB 5,100,000. Name of Company: KWM Cannabitec Co. Ltd.; Date of transaction: March 18, 2021; Nature of Business: Provide extraction service of Hemp/Marijuana; Registered Capital and Shares: THB 20,000,000, divided into 200,000 ordinary shares at a par value THB 100 per share; Ratio of Investment: KWM holds 99.70% of issued and paid-up share capital, equivalent to THB 19,940,000.