Veranda Resort Public Company Limited announced that regarding the resolution of the Board of Directors Meeting No. 6/2023 held on 13 December 2023 to establish 2 subsidiaries. The details are as follows; Subsidiary 1: Name of Company: Veranda Realty One Co.

Ltd, Objective: To invest in Real Estate business, Registered Capital: THB 20,000,000, Shareholding Proportion: Veranda Resort PCL. holds 99.99% of shares, The sources of funds: The Company's Working Capital, Connected Nature,: This transaction is not a connected transaction in accordance with the Notification of the Capital Market Supervisory Board No. TorJor.

20/2551. Subsidiary 2: Name of Company: Veranda Realty Two Co. Ltd, Objective: to invest in Real Estate business, registered capital: THB 20,000,000, Shareholding Proportion: Veranda Resort PCL.

holds 99.99% of shares, The sources of funds: The Company's Working Capital, Connected Nature: This transaction is not a connected transaction in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 21/2551 and related regulations.