Ch Chic Republic Public Company Limited had the resolution to approve the establishment of a subsidiary as following details: Company Name. BG Thailand Company Limited. Date of Incorporation.

By October 2023. Type of Business. Provide management services and lease of property.

Registered Capital. 6,500,000. Divided into 650,000 ordinary shares with par value of THB 10 per share.

Shareholding Structure. 60% held by Chic Republic Public Company Limited. The transaction of establishment of a subsidiary company is not considered as a related party transaction and it does not consider to be an acquisition of assets of the Company.

When considering the acquisition of assets of the Company in the past 6 months, there is no asset acquisition transaction. Therefore, the transaction is not related to the disclosure of information in the Notification of Acquisition or Disposal of Assets.