Major Development Public Company Limited announced that the Board of Directors' Meeting No. 10/2023 held on September 27, 2023, resolved to approve the establishment of new subsidiary with the following details: Name of the Company: 39 RESIDENCE Co. Ltd., Date of Establishment: by October 2023, Objectives: To accommodate the real estate development project, Registered Capital: THB 1,000,000 consists of 10,000 ordinary shares with a par value of THB 100 each.