AJ Advance Technology Public Co. Ltd. reported the resolution of the Board of Directors' Meeting No. 1/2024 held on 12 January 2024.

The Board had a resolution to establish of new subsidiary which will to operate a selling chemical fertilizers. The details are as follows: New Subsidiary Name: AJ AKE KASET CO.,LTD. Date of Establishment: Within January 2024. Operation Commencement Date: Within quarter first quarter of 2024.

Business Type: Business of Chemical Fertilizer Manufacture and Distribution. Investment Objectives: To diversify into a business with sustainable growth which will strengthen the Company group and reduce the key business dependency risk. Source of Capital: The Company's working capital.