Carabao Group Public Company Limited at it's board meeting approved acknowledgment of resignation from the position of Chairman of the Board of Directors, namely Mr. Sathien Setthasit, effective date on May 14, 2022 onwards. After the resignation from the position of the Chairman of the Board of Directors, Mr. Sathien Setthasit continued to be a Director and Chief Executive Officer of the Company. The meeting resolved to appoint Ms. Nutchamai Thanombooncharoen to be the Chairman of the Board of Directors replacement the vacant position with the carefully consideration thorough of the qualifications and the appropriately suitability in various expertise where previously Ms. Nutchamai Thanombooncharoen has served as the Vice President of the Board of Directors, and being the founder of the company since the beginning, therefor she has a good business knowledge, effective date May 14, 2022 onwards.