Siam Global House Public Company Limited approved the establishment of new subsidiaries and replacement of the executive director, with details as follows: 1) Approved the establishment of 2 new subsidiaries by details as below; 1. Name of Subsidiary: Under consideration, Registered Country: Thailand, Business Description: Import and distribute consumer goods, Business Objectives: To increase source of income, Registered Capital: Not exceeding THB 1,000,000, Shareholding Structure: Siam Global House Public Company Limited holds 100% of share, Source of Fund: The Company's working capital. 2. Name of Subsidiary:Under consideration, Registered Country China, Business Description Sourcing products from China, Business Objectives To support the business operations of the Company, Registered Capital: Not exceeding RMB 1,000,000.00 RMB or equal to THB 5,001,200.00, Referring to the exchange rates of the Bank of Thailand as of, January 31, 2024 at 1 RMB = THB 5.0012 ., Shareholding Structure Siam Global House Public Company Limited holds 100% of share, Source of Funds: The Company's working capital.
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