NFC Public Company Limited informed that The Board of Directors Meeting No.5/2023, held on 22 December 2023, resolved to approve the establishment of a Joint Venture Company. Establishment of a Joint Venture Company 1: Within January 2024, Company Name: N-P MARITIME CO., LTD. Type of business: Holding Company, Capital: Initial Registered Capital THB 2,000,000. Total registered capital not more than THB 152,000,000.

Investment value: Not more than THB 77,520,000. Investment proportion: The Company holds 51% of the shares and PSA Marine (Pte) Ltd., which not related to the Company holds total 49% of the registered ordinary shares of Joint Venture Company 1. Establishment of a Joint Venture Company 2: Within January 2024, Company Name: TSC MARINE CO., LTD. Type of business: Marine Services Provider in Thailand, Capital: Initial Registered Capital THB 4,000,000, Total registered capital not more than THB 303,000,000, Investment value: Not more than THB 151,500,000, directly and indirectly, Investment proportion: The Company holds 24.5% of the shares and N-P Maritime Co.,Ltd. (Joint Venture Company 1) holds 50% and PSA Marine (Pte) Ltd., which not related to the Company holds total 25.5% of the registered ordinary shares of Joint Venture Company 2.