Raimon Land Public Company Limited announced that Mr. Patee Sarasin has resigned from the position of Independent Director and Audit Committee Member because he will be one of the Private Placement investors who will receive the offer to purchase the newly issued ordinary shares as per the resolution of the Board of Directors' Meeting No.1/2024, held on 7 February 2024. After the shares subscription, Mr. Patee Sarasin will hold shares for more than 1% of the shares after the capital increase, which exceeds the limit for the independent director. The resignation will be effective from 8 February 2024.

From the expertise and knowledge of Mr. Patee Sarasin, which will be beneficial to the Company's business, the Board of Directors' Meeting held on 7 February 2024 has approved to appoint Mr. Patee Sarasin as the Company's director. The appointment will be effective from 8 February 2024 onwards.