NR Instant Produce Public Company Limited informed that Board of Director's meeting No. 3/2023 dated 27 February 2023 passed a resolution to establish a subsidiary company of NRF Consumer Limited, which is a wholly owned subsidiary of NR Instant Produce Public Company Limited with details as follows: A newly established company, a limited liability company incorporated in the United Kingdom. The Company shall inform of the details and names after completing the establishment.

Expected to be completed within the 1st quarter of 2023. The Company aims to establish the subsidiary to support investment and expansion plan into retail and wholesale of ethnic food in United Kingdom. The expansion will help support the growth in the ethnic food market, increase consumer access, and heighten brand awareness for NRF's produced products.

Additionally, the Company can further utilize its production capacity and competitive advantage in this product category. As a food manufacturer, the direct-to-consume approach allows the Company to unlock and gain direct access to consumer data, allowing it to analyze, understand, and respond more rapidly and accurately towards the consumer demands, which eventually help the Company to develop new products in the future. Therefore, the Company foresee the opportunity to utilize its existing production capacity and increase competitive advantage in a global market.

Registered capital: GBP 100,000 (or approximately THB 4.2 million).