GMM Grammy Public Company Limited announced the establishment of Joint Venture between the Company and YG Entertainment Inc. ("YG Entertainment Inc.", "YG"), a listed company in Korea Exchange (KRX), which the expertise in the development of idol artists. The Registered Capital in that Joint Venture is value of THB 200 million, which the Company holds a 51% shareholding, with details as follows: Name of subsidiary: YGMM Co. Ltd.;Company Objective: To engage in all kinds of entertainment businesses and provide advisory such as organizing concerts, stage plays, various performances.