At the Board of Directors Meeting of Thai Nippon Rubber Industry Public Company Limited (the Company) held on 24 December 2020, the Company's Board of Directors resolved the establishment of a subsidiary in USA with the following details: Company name - TNR USA INC., Register date - Within 3 months and Investment objective - to import and distribute the Group`s products. Shareholding structure: Thai Nippon Rubber Industry Public Co., Ltd. holds 100% of shares Registered capital: USD 10,000 (10,000 shares at the par value of USD 1). Source of fund: the Company's working capital.