According to Board of Directors meeting of Vanachai Group Public Company Limited ("company"), held on 21 June 2021, there is an agreement should be notified to the Stock Exchange of Thailand as follows; There is an approval to the company to establish Vanachai Logistics Enterprise Co. Ltd. in order to operate logistics service for the related companies. The company, therefore, approves Vanachai Logistics Co. Ltd. (company's subsidiary) to invest in ordinary share of Vanachai Logistics Enterprise Co. Ltd. in 4,897 shares, which is 48.97% of the registered capital at THB 100 per share (par value) in total of THB 489,700. Vanachai Logistics Enterprise Co. Ltd. will be located at 2/1 Wongsawang Road, Kwaeng Wongsawang, Khet Bangsue, Bangkok.