The board of directors of Wow Factor Public Company Limited meeting held on March 14, 2023, approved the establishment of a new subsidiary with the details as follows: Name of Subsidiary: In Progress; Date of Incorporation: By May 2023; Registered Capital: Registered Capital THB 10,000,000. 100,000 Ordinary Shares, Par Value of THB 100 per share; business of producing and distributing electricity from renewable energy and other types of energy; Shareholder Structure: The Company holds 99.98% of the Registered Capital; Source of Funds: Working Capital; and Expected Benefits: to increase business opportunities and business expansion avenues while increasing revenue sources for the Company.