PTT Public Company Limited announced that the board of directors, at the meeting held on 21 September 2023, approved the dissolution of PTT Energy Resources Company Limited ("PTTER") (a wholly owned subsidiary of PTT). The registration of dissolution is expected to be completed in December 2023. The dissolution of PTTER is aligned with PTT's policy to close down the dormant company.

This has no impact to PTT's business operation. 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, such disposition will result that PTTER ceasing to be the subsidiary of PTT.