Srinanaporn Marketing Public Company Limited at its Board of Directors Meeting No. 2/2022, convened on 21 February 2022 resolved to approve the establishment of a subsidiary to operate the business of manufacturing and distributing products under the Company's brand in Indonesia as follows: Registration date: Within September 2022. Registered Capital: Not exceeding USD 2,000,000.

Shareholding: SNNP International Company Limited held 85% of total shares (The Company's subsidiary held 99.99%). Type of Business: Manufacturing and distributing beverage. Objective of establishment: Business expansion and increase revenues.

Source of funds: The Company's cash flow.