Global Power Synergy Public Company Limited and ARUN PLUS Company Limited Establish Nuovo Plus Company Limited
industry in line with Thailand's automotive industry policy of promoting electric vehicles, and Energy Storage System, which is a system that facilitates the storage of electricity from renewable sources and can be used continuously and stably. This joint investment will leverage key strengths, expertise and financial capability of each partnership to enhance competitive advantage in battery business and synergy along electric vehicles' supply chain responding to growth opportunities. Together with ARUN PLUS, the Company will study the possibility of and prepare for the battery business. Once a business and/or investment plan is concluded, the Company will hold another board of directors'
meeting to approve the plan, ensuring maximum benefits to the Company.