Aapico Hitech Public Company Limited (the Company) discloses the establishment of joint venture company with Purem International GmbH (Purem). According to, the resolution of the board of directors' meeting held on February 28, 2022. The meeting has resolved to approve the establishment of joint venture company with the details as follows: Company Name: Purem Aapico Company Limited; Business Type: Automotive Parts Manufacturing Business; Registered Capital /Paid-up Capital: Limited to THB 220,000,000 (Comprising of ordinary share limited to 22,000,000 shares at Par Value of 10 THB/share); Shareholding Structure: 1) Purem International GmbH (51%), 2) AAPICO Hitech PCL.

(49%); Investment Value: Limited to THB 107,800,000 (proportion of the Company's investment); Investment Objective: To strengthen and boost potential growth in Automotive parts manufacturing business for global car manufacturers in Thailand; Location: Thailand; Source of Fund: Working Capital.