TOA Paint (Thailand) Public Company Limited announced that the resolution of the Board of Directors' Meeting No. 6/2021, held on August 13, 2021, approved of entering into a joint venture agreement with Hardware Expert Company Limited, which is not considered as the Company's connected party, to establish a joint venture company with the following details: Establishment Date: Within December 2021. Objectives: The establishment of the joint venture company is designed to operate a business related to the provision of hardware and tools from both domestic and foreign markets for distribution with the aim of bolstering up the Company's Growing-Beyond-Colors strategy and paving the way to sustainable value creation for shareholders. THB 300,000,000 divided into 3,000,000 shares, at the par value of THB 100 each, 100% paid up capital.