Siamese Asset Public Company Limited announced that the Board of Directors' Meeting which was held on May 9, 2023, approved the establishment of a new subsidiary with the details as follows: Registered Name: Siamese Pravinia Company Limited; Registration Date: Within third quarter/2023; Objective: Conduct health and beauty business, produce and distribute of beauty and health products; Registered Capital: THB 1,000,000 Consisting of 10,000 Shares at the par value of THB 100; Shareholding: Siamese Asset Public Company Limited, 60%; Structure: Miss Praweenooch Kitiwatbumroong, 40%; Source of Funds: Working capital of the company. In this regard, Miss Praweenooch Kitiwatbumroong is not a connected person of the Company and when calculating the size of the transaction, it is not subject to the disclosure of information under the Notification of the Capital Market Supervisory Board No. TorJor.

20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets.