Thoresen Thai Agencies Public Company Limited informed that the Company has established a new subsidiary company, details of which are as follows: Name of the Subsidiary: P80 Jet Co. Ltd. Country of Incorporation: Thailand. Date of Incorporation: 9 June 2022.

Type of Primary Business: Aircraft Charter Service Registered Capital: THB 250,000,000. Divided into 2,500,000 ordinary shares, with a par value of THB 100 per share. Issued and Paid-up Capital: THB 250,000,000.

Total Investment of TTA: THB 250,000,000. Holding Proportion by TTA: 100% of total issued and paid-up shares. Source of Fund: Internal cash accruals of the Company.