Prime Road Power Public Company Limited approved the establishment of new subsidiary. Established Company's Name: Prime Waste Energy S3 Company Limited. Registered under the laws: Thailand. Registration Date: Within October 2022. Type of Business: Renewable Energy Consulting, Electricity Supply and General Investment Business. Investment Objectives: To operate the renewable energy business. Registered Capital: THB 1,000,000 dividend into 10,000 ordinary shares with a par value of THB 100. Shareholding Structure: Prime Waste Energy Company Limited (in which the Company indirectly holds 89.97% shares) holds 99.97% of shares of PWE S3. Director Structure: Mr. Somprasong Panjalak; Mr. Surachet Chaipatamanont. Source of Fund: Internal cash flow of the Company. The establishment of a new subsidiary is not a connected transaction and this transaction is
considered in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets (as amended) and Notification of the Board of Governors Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition or Disposition of Assets B. E.2547 (as amended) which the transaction size is not subject to any disclosure under regulations on acquisition and disposition of assets of the listed companies. However, the Company has a duty to report information on the basis that a listed company or its subsidiary company acquires investments in other companies, which results in such PWE S3 becoming a subsidiary company of the Company.