- Translation-

Registration No. 0107546000431

Our Ref 422/2022

August 15, 2022

Subject:

Establishment of New Subsidiary Companies

Attn:

Director and Manager

The Stock Exchange of Thailand

Areeya Property Public Company Limited ("the Company") would like to inform you the resolutions of the Board of Directors Meeting No.4/2022 held on August 15, 2022 resolved to approve the establishment of a new subsidiary company with the following details :

1. Name of the Company :

A Ren Co., Ltd.

Objectives :

To accommodate the real estate development project for sale

Registered and Paid-up Capital:

Baht 1,000,000 (Baht one million) consists of 10,000 shares

Ordinary shares with a par value of Baht 100 (Baht one hundred) each.

Shareholding Structure:

Name of Shareholders

No. of Shares

%

1.

Areeya Property Public Company Limited

9,997

99.97

2.

Other minority shareholders - Directors

3

0.03

Total

10,000

100.00

Source of Fund:

Working capital of the Company

In case, the Company has additional information will be informed later. The establishment of new subsidiary company is not connected transaction. However, the Company is obliged to disclose the information on the establishment of a new subsidiary company to the Stock Exchange of Thailand according to the regulations of the Stock Exchange of Thailand No. BorJor/Por 11-00 Re: Rules, Conditions and Procedures Governing the Disclosure of Information or any Act of a Listed Companies (B.E. 2560) (and its amendments).

Please be informed accordingly.

Sincerely yours,

(Mr. Anat Pinrat)

Company Secretary

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Areeya Property pcl published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 12:02:25 UTC.