Italian-Thai Development Public Company Limited announced that on July 19, 2023, the Company in the name of ITD - CREC No.10 JV (ITALian-THAI DEVELOPMENT PCL. - CHINA RAILWAY NO. 10 ENGINEERING Group Co.

Ltd. JOINT VENTURE), signed a contract with The State Railway of Thailand to proceed with The Cooperation between the Government of the Kingdom of Thailand and the Government of the People's Republic of China on Bangkok - Nong Khai High - Speed Railway Development for regional (Section I: Bangkok - Nakhon Ratchasima) Contract 3-1 Civil works for sections between Kaeng Khoi - Klang Dong and between Pang Asok - Bandai Ma. The details of the contract works are as follows: Description of works: The construction work of the railway structure total length 30.21 kilometers: At grade railway structures approximate length 10.18 kilometers, Elevated railway structure approximate length 20.03 kilometers; Construction of 9 buildings and structures to support the work of electric systems. Relocation existing rail and existing stations buildings, improvement and relocation existing road, construction of railway bridge and drainage system, removal and relocation of existing utilities and other works. Construction work continued from Contract 1-1 Civil works for sections between Klang Dong - Pang Asoke.

Construction of fences and maintenance of railway structures of the Department of Highways. Contract Value: THB 9,348,995,700 (Including VAT). Period of Work: 1,080 Days.

Portion of Work: ITD = 51% and CREC No.10 = 49%.