TVD Holdings Public Company Limited announced establishing a new company with Nasket Retail Company Limited (Joint Venture Company). The new company will operate development and service providing business through the Service Management Platform (SMP), which helps expand distribution channels for new products and services of the Company and its subsidiaries by using the fiber optic distribution system. The SMP serves as a source of quality services via smart screen, smart speaker, and IoT, which enables the residents of the building to have access to various services through convenient and safe technology, such as food ordering, purchase of products, insurance, air ticket booking, home services, emergency services, etc.

In this regard, the Company will hold 40% of total number of voting shares of the new company with the investment not more than THB 8.00 Million as before. Hence, the Company will further report the progress of the investment in the said project to the Stock Exchange of Thailand. Also approved to establish one more subsidiary of the Company (TVD Capital Company Limited or other names as determined by the Board of Directors), in which the Company will hold 100% of total number of voting shares with a total registered capital of THB 100.00 Million.

The new subsidiary shall perform business as a credit provider with real estate collateral. The transaction is considered an acquisition of assets with the highest size of 5.07% based on the total value of consideration with reference to the Company's financial statements for the six-month period, ended as at June 30, 2022.