(Translation)
No. 80000001/110
18 February 2021
Subject Establishment of PTT's subsidiary
To President The Stock Exchange of Thailand
PTT Public Company Limited ("PTT") would like to inform that Board of Directors of
Alpha Com Co., Ltd. ("Alpha Com") at the meeting No. 8/2563 on 18 September 2020 approved the establishment of On-I on Solutions Co., Ltd., a wholly owned subsidiary of Alpha Com, with the registered capital of Baht 30 million. Alpha Com is 100% indirectly owned by PTT. The objective of the company establishment is to operate and develope EV charging infrastructure network outside the retail fuel service stations such as in shopping centers, hotels, and office buildings, etc. as well as EV related products and services offering, for instance, supply and installation of EV charger for household, etc. The establishment of On-I on Solutions Co., Ltd. is in line with PTT's New S-Curve strategy. Subsequently, On-I on Solutions Co., Ltd. was completed its registration on 18 February 2021.
This transaction is not a connected transaction and the transaction size does not require any disclosure under regulations on acquisition and disposition of assets of the listed companies. However, this is a report that a listed company or its subsidiary company acquires or disposes of an investment in another company, which results in that other company becoming or ceasing to be a subsidiary company of the listed company or its subsidiary company. Therefore, this transaction resulted that On-I on Solutions Co., Ltd. is a subsidiary of PTT.
Please be informed accordingly.
Yours sincerely,
(Mr. Auttapol Rerkpiboon) President & Chief Executive Officer
Investor Relations Department
Tel +66 2537 3518
Fax +66 2537 3948
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PTT pcl published this content on 18 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2021 16:12:05 UTC.