With reference to the disclosure made by Thai Wah Public Company Limited regarding the resolution of the Board of Directors' Meeting, which was held on November 8, 2022, that had approved the establishment of a new subsidiary in the USA. The Company would like to inform the progress of the establishment of a new subsidiary, details as follows: Date of incorporation: April 7, 2023; Name of subsidiary: Thai Wah International (USA) Corp; Type of business: Sales, marketing, distribution of tapioca, bioplastic and agri-food related products; Registered capital: THB 5 million (approximately USD 146,541.61).