Chonburi Concrete Product Public Company Limited announced that at the Board of Directors Meeting held on November 10,2022, which resolved to establish a new joint venture company as follows; Details of the establishment of a joint venture company. Date of the Board of Directors' resolution: November 10,2022 /within fourth quarter of 2022. Name: CHARLIE TOP LOGISTIC SOLUTION COMPANY LIMITED.

Investment Objectives: To add a wide range of business opportunities in renting and servicing warehouses, warehouses, areas to place and store all types of products with all types of delivery services. Registered Capital and Par Value (Par Value): Registered Capital is THB 10,000,000 with 100,000 common shares at par value per share THB 100. Director Structure: All 2 directors consist of: CCP able to nominate a person to hold the position of director for 1 person, name Mr. Artit Teeparkornsukkasem; WHALE able to nominate a person to hold the position of director for 1 person, name Mr. Teerajit Sonjaeng.

Business: Rental and service of warehousing, warehouse, storage of all types of goods and logistics. Source of fund: working capital. Transaction size: Acquisition of the above assets, the transaction size is 0.18% based on the total value of consideration criteria by referring to the consolidated financial statement of CCP for the 9-month period ended September 30, 2022.

The transaction of establishing a joint venture company is considered an acquisition of assets according to the Notification of the Capital Market Supervisory Board No.TorJor.20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (including amended) and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Others Acts of listed Companies Concerning the Acquisition or Disposition of Assets B.E.2547 (including amended). Upon calculation of the transaction size of acquisition of assets based on the total value of consideration criteria by referring to the consolidated financial statement of CCP for the 9-month period ended September 30, 2022. However, the Company has no asset acquisition transaction incurred during the past 6 months, the maximum of transaction size is 0.18.

Therefore, it does not qualify as an asset acquisition transaction that causes a duty to disclose information about the transaction to the Stock Exchange of Thailand. In addition, the CCP has a duty to report information because it falls into the case where a listed company or a subsidiary acquires investments in other companies as a result, other companies become subsidiaries of listed companies.