Clover Power Public Company Limited informed details on the incorporation of a new subsidiary as follows: Name of subsidiary: LB Modular Corporation Limited; Date of registration: 24 March 2022; Registered office address: No. 159 Soi Rama IX 57/1 (Wisetsuk 2), Phatthanakan, Suanluang, Suanluang, Bangkok 10250; Registered capital: THB 5,000,000; Shareholding: As at the disclosing date, Sbang Corporation Limited (a wholly owned subsidiary of the Company) has 70% shareholding and Mr. Niran Prawanrum has 30% shareholding; Source of fund: Working capital prefabricated construction of which the Company has viewed that the joint investment with Mr. Niran Prawanrum will build growth according to the planned goals. The purpose of the incorporation of this subsidiary is to identify the possibility of the business regarding building prefabricated construction of which the Company has anticipated that the final direction and business strategy will be determined by the first half of 2022 and it will be commercially operate this business after the second quarter of 2022.