Millenium Group Corporation (Asia) Plc. had the resolution of the Board of Directors' Meeting No. 7/2023 dated 28 December 2023 which approved the framework of co-investment company with Arun Plus Group, a subsidiary company of PTT Group.

After that, the management reported the progress report to the Board of Directors' Meeting no. 1/2024 dated 27 February 2024, in such meeting, it resolved to approve the formation of subsidiary company namely MGC - Asia Greentech Co. Ltd. as a co-investment company with a subsidiary company of Arun Plus Group under the name Neo Mobility Asia Co.,Ltd. In this regard, the shareholding proportion of MGC - Asia GreentECH Co.Ltd. in Neo Mobility Asia Co.Ltd. shall be 49.999 of the registered capital.

Then, on February 29, 2024, the Company has executed the co-investment agreement with Arun Plus Co.Ltd. for operating integrated electric vehicle business and shall establish Neo Mobility Asia Co.L Ltd. later on. Such transaction shall be classified as the acquisition of an asset according to the Notification of the Capital Market Supervisory Board No. TorChor.

20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets, and the Notification of the Board of Governors of the Stock Exchange of Thailand.