Asia Biomass Public Company Limited announced that Alpha G Venture Co. Ltd., a subsidiary of the Company, on November 11, 2022 resolved to approve the establishment of 3 new indirect subsidiaries. The Company announced that the Company has registered the establishment of an indirect subsidiary of the Company.

New Subsidiaries No. 1: Company Name: Thun Tham Dee Co.,Ltd. The establishment: December 6, 2022. Paid-up registered capital: THB 4,000,000 consists of 40,000 ordinary shares at par value of THB 100 per share.

Shareholding Proportion: The Company holds shares in the proportion of 99.99%, representing an investment of approximately THB 4 million. Source of investment funds: The Company's working capital. Business type: Loan business with real estate as collateral.

Expected Benefits: To expand business channels and increase the source of income. New Subsidiaries No. 2: Company Name: PKS Intertrade Co.,Ltd. The establishment: expected to be completed by December 15, 2022.

Paid-up registered capital: THB 5,000,000 consists of 50,000 ordinary shares at par value of THB 100 per share. Shareholding Proportion: The Company holds shares in the proportion of 99.99%, representing an investment of approximately THB 5 million. Source of investment funds: The Company's working capital.

Business type: Distribution products from agricultural products. Expected Benefits: To expand business channels and increase the source of income. New Subsidiaries No.

3: Company Name: PKS Agri Trade Co.,Ltd. The establishment: expected to be completed by December 15, 2022. Paid-up registered capital: THB 5,000,000 consists of 50,000 ordinary shares at par value of THB 100 per share. Shareholding Proportion: The Company holds shares in the proportion of 99.99%, representing an investment of approximately THB 5 million.

Source of investment funds: The Company's working capital. Business type: Distribution products from agricultural and related products. Expected Benefits: To expand business channels and increase the source of income.