Planet Communications Asia Public Company Limited announced that the Board of Directors Meeting No. 1/2023 on 24 February 2023 has considered and approved to establish the Company's new subsidiary as following details: Name of the Company: Planet Systems Company Limited. Type of Business: Manufacture, buy, sell, export, consult, design, develop, and maintain all kinds of technologies, telecommunications, communications, and information technologies.

Address (Head Office): 157 Soi Ramindra 34, Ramindra Road, Kwang Tharang, Bangkok 10230. Registered Capital: THB 5,000,000 divided into 500,000 ordinary shares with the par value of THB 10 and THB 1,250,000 will be paid as initial paid-up capital equivalents to 25% of registered capital. Source of Fund: Company's working capital.

Objective of Investment: Long term investment as the Company's business plan. Benefits: Dividend and productiveness of businesses.