The board of directors of Sherwood Corporation (Thailand) Public Company Limited meeting held on October 12, 2021, had the resolution to establishment of the subsidiary company with the objective to manufacture and market Plant Based Food which produced from plant protein in order to offer the new alternative for food consumption of the future. Moreover, it also helps reduce global warming caused by carbon emissions from livestock food. The details are as follows: Company's Name: Lotto Food (Thailand) Co. Ltd. Registered Capital Registered Capital THB 10,000,000 divided in to 1,000,000 shares at a par value of Baht 10 each Amount of Common Stock 699,999 shares Invested Value of Investment THB 6,999,990 Shareholding Proportion 70% of the registered capital Size of the Asset Acquisition: Maximum transaction size based on the total value of the consideration is 0.6% of total asset of the Company which based on the consolidated financial statements of the Company as of June 30, 2021.