Asset World Corp. Public Company Limited announced that a new subsidiary of the Company has been set up, detail as per below: Company Name: Phuket Collections Property Company Limited. Registered Capital: THB 100,000 (Divided into 10,000 ordinary shares with the par value of THB 10 each).

The Objective: To support the investment in the Westin Siray Bay Resort & Spa Phuket. Source of Fund: The company's working capital and loan from the company.