Fancy Wood Industries Public Co. Ltd. informed the resolution of the Board of Directors' Meeting No. 9/2017 which had been held on October 11, 2017 allowed to establish a joint venture with Asia Biomass Public Co.

Ltd. to joint investment in the business of supply raw materials and producing wood pellets products by establishing a joint venture company in Thailand. Therefore, the company is obliged to report such investment in accordance with the regulations of the Stock Exchange of Thailand regarding Rules, Conditions and Procedures for Disclosure of Information and Other Acts of Listed Companies. Name of Joint Venture Company is Fancy ABM Co.

Ltd. Registered Capital is THB 10,000,000 which divided into ordinary shares 100,000 shares with a par value of THB 100.