The Board of Directors Meeting No.5/2023 of T.M.C. Industrial Public Company Limited held on August 9, 2023, had resolved to establish the subsidiary company to prepare for the Company's investment in the BCG Model business model is a holistic economic development that focus on the development of 3 economies simultaneously, namely, Bioeconomy, which aims to create added value of biological resources; Linked to the circular economy, considering the use of resources for the most cost-effective or long-lasting and green economy (Green Economy) Economic development with regard to resource and environmental
sustainability This is an economic development that does not focus only on economic development. But it must be developed in parallel with social development and environmental preservation in a balanced way to achieve stability and sustainability at the same time. As of the present, such subsidiary has not yet operated, details are as fllows: Company's name: On process; Type of Business: To operate environmental management businesses such as Waste and agricultural waste products; Objective of Inveatment: Generate more income from main business of company; Registered Capital: THB 5,000,000; Paid-up Registered Capital: Unpaid; Shareholding Proportion: T.M.C. Industrial Public Company Limited holds more than 51.00% shares; 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 0.68% of the total asset of the Company, which is based on the financial statements of the Company as of June 30, 2023.