Osotspa Public Company Limited (the "Osotspa") would like to refer to the resolution of the Board of Directors Meeting held on 10 November 2021 on the collaboration between Osotspa and Yanhee Vitamin Water Co. Ltd. ("Yanhee") (collectively referred as "Parties") to establish a new company in Thailand. According to the process of company registration after the Board of Directors' approval, Osotspa would like to inform this investment to the Stock Exchange of Thailand that the registration of the new company was completed on January 7, 2022.

Company's Name: Osotspa Yanhee Beverage Company Limited Business: To research, develop, and marketing beverage product(s), which compose, use, or consist of cannabis, or hemp, or cannabis/hemp extraction, which is subjected to license from the Food and Drug Administration and/or other relevant authorities to produce and sell products Registered Capital: Not exceeding THB 200,000,000 equivalent to the total of 2,000,000 common shares (two million shares) at par value of THB 100 per share.