Floyd Public Company Limited informed the resolution of the Board of Directors' Meeting No.1/2022, held on 23 February 2022. The significant resolution is the approval for the establishment of a new subsidiary with details as follows: 1. Company's Name: The name is under the process of conclusion which will be further informed via the system of the Stock Exchange of Thailand. 2. Head Quarter: 31/4 Moo 2 Sol Wat Som Kliang, Kanjanapisak Road, Bangmaenang, Bangyai, Nonthaburi 11140.

3. Registration date: By March 2022. 4. Objectives: To generate addition income 5. Registered Capital: THB 1,000,000 (One Million) divided into 10,000 (Ten Thousand) shares, with a par value of THB 100 (One hundred) per share. 6.Shareholding Structure: The Company's held shareholding proportion 100% of register.: 7.Directors: Mr. Thosaporn Jittawera, Mr. Apirat Muangkasem, Mr. Prasit Thasanasukan, Miss Lukshmi Lertsupakul.

However, the establishment of a new subsidiary and entering the business of producing and distributing biomass pellets, the size of transaction does not fall under criterion which is required to comply with 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 and Notification of the Board of Governors of the Stock Exchange of Thailand.