Major Development Public Company Limited (the "Company") announced that the Board of Directors' Meeting No. 5/2023 held on 12 May 2023 resolved to approve the establishment of new subsidiary. Name of the Company: MJV5 Co.

Ltd. Date of Establishment: by June 2023. Registered Capital: THB 1,000,000 (One Million Baht) consists of 10,000 (Ten Thousand) ordinary shares with a par value of THB 100 (One Hundred Baht) each.