Namyong Terminal Public Company Limited announced that resolutions of the Board of Directors' Meeting on 19 September 2023 has been resolved to establish the new subsidiary company details as follows: Name to be registered: SINOPEC Namyong Transportation Co. Ltd. (On registration process). Type of Business: Transportation.

Expected benefits to the Company: Increase opportunity for the to realize revenue in Company the future and expand the business to other business apart from the terminal service and warehouse service.