President Bakery Plc. informed resolutions of the Board of Directors meeting No.10/2022 on October 17, 2022 was acknowledged and approved as follows: 1. Mr. Pipat Paniangvait has resigned from the Chairman of the Board of Directors but still remains as Director of the Company, Chairman of Nomination and Remuneration Committee, effective since October 17, 2022 onwards. 2. The Board of Directors' meeting was of the opinion that Mr. Pipat Paniangvait was the founder of the company and is a person who makes various benefits to the company making the company prosperously until the present.

Therefore, it was resolved to appoint Mr. Pipat Paniangvait as Honorary Chairman /Director, effective since October 17, 2022 onwards. 3. The Board of Directors meeting resolved to appoint Mr. Apichart Thammanomai as Chairman of the Board of Directors and Managing Director, effective since October 17, 2022 onwards.