Major Development Public Company Limited informs the Stock Exchange of Thailand that, on September 7, 2023, the Company entered into the Joint Venture Agreement with GS E&C Development (Thailand) Company Limited ("GSDT") (the "JVA") regarding MJV4 Co. Ltd. for the parties to participate, support and develop the real estate project of the Company. The Company will sell 9,800 ordinary shares in MJV4, a subsidiary of the Company, which representing 49% of the total issued shares of MJV4 to GSDT at THB 100 per share or THB 980,000 in total.

GSDT is not a connected person of the Company in accordance with the Notification of Capital Market Supervisory Board No.TorChor 21/2551 Re: Rules on Connected Transactions (as amended) and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Connected Transactions, 2003 (as amended).