Nava Nakorn Public Company Limited held the Board of Directors' Meeting No. 2/2022 on 22nd February 2022. The Meeting resolved to approve the establishment of a subsidiary company to support the expansion of future business.

The details are as follows: Name of the Company is NAVANAKORN DEVELOPMENT CO., LTD. Registered Capital is THB 5,000,000 divided into 500,000 shares at par value of 10 Baht. Paid 100% on the date of company establishment. Board of Director is Mr. Nipit Arunvongse Na Ayudhya Vice Chairman; Mr. Suthiporn Chandawanich as Chief Executive Officer and Mrs. Perayaluk Tangsunawan as Managing Director.