Star Petroleum Refining Public Company Limited announced that the Company and two other business partners have established two new associated companies and registered them with the Department of Business Development, Ministry of Commerce with the details as follows: Star Fuels Holding Co. Ltd. the establishment of which was registered on 4 September 2023 with a registered capital of THB 10,200,000. The Company holds 49% of the total shares in SFHC while two other business partners who are not connected persons of the Company collectively hold 51% of the total shares of SFHC.

The main objective of SFHC is to invest in other juristic persons; and Star Fuels Land Co. Ltd. ("SFLC") the establishment of which was registered on 6 September 2023 with a registered capital of THB 20,000,000. The Company holds 49% of the total shares in SFLC while SFHC holds 51% of the total shares the total shares of SFLC.

The main objective of SFLC is to invest in land for use in the operation of the fuel business and rent out the properties. The establishment of two new associated companies above is a part of the implementation plan of the fuel business investment transaction, which has been approved by the Extraordinary General Meeting of Shareholders of Company No. 1/2023 held on 31 January 2023.