Siam Global House Public Company Limited informed that the Board of Directors meeting convened on August 30, 2021 has resolved to approve the establishment subsidiary in China with the following details: Name of Subsidiary: Guangxi Global House International Trade Co., LTD. Country of Registration: China. Date of registration: To be completed within 2021. Business Objectives: To support the Company's business operations by procuring products from China. Registered Capital: Not exceeding RMB 3,500,000.00 or equivalent to THB 17,950,450.00 Reference exchange rate quoted by Bank of Thailand as of August 27, 2021 at RMB 1 = THB 5.1287. Shareholding Structure: Siam Global House Public Company Limited holds 100.00% of share. Source of Funds: The Company's working capital. Size of Transaction: The transaction value does not subject to the Notification of the Capital Market Supervisory Board No.Tor.Jor. 20/2551 Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets.