MFEC Public Company Limited at its board meeting held on 7 April 2023 has approved the establishment of the new subsidiary for the purpose to invest in high growth potential business and related to core business of the Group's Company. Name of subsidiary: Synergy Group Ventures Co. Ltd., Register capital at the establishment date: THB 500,000,000 comprised of 5,000,000 ordinary shares at par value of THB 100 per share.