C.I. Group Public Company Limited announced of resolution of the Executive Committee Meeting held on August 14th, 2020, regarding establishment of a new subsidiary. Details are as follows: Subsidiary's Name is CIG BLUSOLUTIONS CO., LTD. Location is 1/1 Moo.7, Bangkoowad, Muang Pathumthani, Pathumthani. Establishment Date is August 14, 2020. Registered Capital is THB 1,000,000. Consisting of 10,000 ordinary shares at par value of THB 100. Paid-up Capital is THB 250,000. The Company Holds 99.97% shares of the subsidiary's registered capital. Types of Business is to provide research, development, production, assembly and distribution of air condition, parts of air conditioners and refrigeration including freezer, cold room and alike. The calculated transaction size does not cause the Company to fall within the disclosure requirement under the Notification of the Capital Market Supervisory Board.