Nex Point Public Company Limited and Dayun Automobile Co. Ltd. has entered into a Passenger Car Strategic Cooperation Agreement regarding the cooperation on the development to manufacture the small electric vehicle in Thailand. In the initial phase, the Company will import the small electric SUV brand Yuehe (?Product?) for the purpose of marketing and test the consumer response to ensure the feasibility of investing further into the manufacture of the vehicles in Thailand for both domestic and oversee Right-Handed drive market.

The execution of the SCA will enhance the capability and competitive advantage of the Company and supports the government's policy to promote clean energy, as Thailand has committed to the targets to achieve carbon neutrality by 2050 and net-zero greenhouse gas emissions by 2065 at the COP27 conference. The Product is targeted the Eco Car segment which has approximate new registration around 100,000 vehicles per year. The Company is on the process of considering to comply with EV 3.5 policy support for the government to ensure the capability of selling the Product at the attractive price below THB 490,000.

The Company will get the Board Approval when the detail on the investment has been finalized and will inform the Stock Exchange of Thailand for further details.