Thaifoods Group Public Company Limited announced that Board of Directors' Meeting of the company No.1/2022 held on February 24, 2022 has approved to establish a new subsidiary as name Thaifoods Renewable Company Limited. The purpose is generate electricity from renewable energy. Presently the Company has clear the business plan.

Registration Date is 15 March 2022. Registered Capital is THB 100,000,000 with ordinary share capital of 1,000,000 shares at par value of THB 100 per share and the paid-up registered capital of THB 25,000,000. The Company holds 99.9998% of share capital and individual 2 persons hold 0.0002% of share capital.

Source of fund is Working capital. Expected Benefit is to generate electricity from renewable energy and reduce global warming. The initiated project will be the waste from processing in wastewater treatment to generate electricity in its factory.