Power Solution Technologies Public Company Limited (the "Company") announced that at its Board of Directors meeting held on 25 January 2023, to approve Global Solar Energy Company Limited ("GSE"), a subsidiary of the Company (the Company holds 100% of the shares), to establish its new subsidiary, which details are as follows: Name of the subsidiary: PSTC1 Company Limited. Establishment date: Within February 2023. Objective: Electricity generating and distributing business.

Registered Capital: THB 50,000,000 divided into 500,000 ordinary shares with the par value of THB 100 each. Shareholding: Global Solar Energy Company Limited (100% of the shares held by the Company) holds 100.00% of shares. List of Directors: Mr. Thanat Pawarawipulyakorn; Mr. Suradaj Malaithong; Ms. Yuwaporn Pumprasert.

Source of fund: The Company's working capital.