The Board of Directors of PTT Oil and Retail Business Public Company Limited ("Company") at the special meeting No. 5/2022 held on 10th November 2022 and meeting No. 11/2022 held on 23rd November 2022 resolved to approve the appointment of Mr. Disathat Panyarachun as the Company's chief executive officer as proposed by the Chief Executive Officer Nomination Committee, as well as approved to the determination of the remuneration, special privilege and draft of employment contract for the position of the Company's chief executive officer consecutively.

Also the Ministry of Finance has already approved the remuneration, special privilege and draft of employment contract as abovementioned. The Company will sign the Company's chief executive officer employment contract and proceed to appoint Mr. Disathat Panyarachun to be the Company's chief executive officer in respectively.