T.M.C. Industrial Public Company Limited on February 22, 2023, had resolved to establish the subsidiary company to prepare for further investments in business other that the Company's current business. As of the present, such subsidiary has not yet operated, details are as follows: Objective of Investment: Generate more income from main business of company Registered Capital: 60,000,000 Baht. Paid-up Registered Capital: 15,000,000 Baht.

Shareholding Proportion: 99.99%. Source of Funds: Working capital of the Company. Size of the Asset Acquisition: Maximum transaction size based on the total value of the consideration received is 8.17% of the total asset of the Company, which is based on the financial statements of the Company as of December 31, 2022.

The establishment of subsidiary company is considered to be an acquisition of assets of the Company. According to the Notification of the Capital Market Supervisory Board No. TorJor.20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets (as amended) and Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition or Disposition or Disposition of Assets B.E. 2547 (as amended) (collectively referred to as "Acquisition or Disposition Notifications").

The maximum transaction size is 8.17% based on the total value of consideration, which is the maximum transaction size calculated from the financial statements of the Company that has been reviewed by the audited by auditor as of December 31, 2022. The transaction size is considered an asset acquisition transaction with the transaction size less than 15% and the Company has no other asset acquisition transactions that occurred during the past 6 months prior to the date of entering into the transaction. Therefore, it is not considered a transaction that requires disclosure under the Acquisition or Disposition Notifications.