U City Public Company Limited announced that the Board of Directors' Meeting No. 6/2021 which held on 16 August 2021 has resolved to approve the formation of a new subsidiary in Thailand to conduct the property development business. The details of which are as: Registered Office: No. 21, Soi Choei Phuang, Viphavadi-Rangsit Road, Chom Phon, Chatuchak, Bangkok. Registered capital of THB 10,000,000, Number of Shares are 100,000 wit pare value of THB 100 per share. Paid-up capital is THB 10,000,000. Shareholding structure is (1) U City Public Company Limited in the amount of 99,998 shares (2) Ms. Soraya Satiangoset in the amount of 1 share (3) Mr. Veerapong Rodjanawarodom in the amount of 1 share.