Proud Real Estate Public Company Limited announced that the Board of Directors Meeting No.5/2023 held on 17 July 2023 has passed a resolution to establish a new subsidiary. The details are as follows: 1. Subsidiary registration date: In process. 2. Name of the subsidiary: The Estate 345 Company Limited.

3. Investment objectives: Real estate Development. 4. Registered capital: THB 1,000,000. 5. Number of shares: 10,000 common shares.

6. Par Value: THB 100 per share. 7. Investment proportion - Proud Real Estate Public Company Limited = 99.99 % - Ordinary Person = 0.01% 8. Nature of business: Real estate Development.