LPN sends a subsidiary to invest in "PW Group Engineering", holding 60% of shares, increasing competitiveness.

L.P.N. Development Public Company Limited (LPN) informed the Stock Exchange of Thailand on 28 July 2566 regarding the Board of Directors' meeting No. 1/2566 held on 16 February. 2566 considered and resolved as follows:

1. Approval for LPS Project Management Company Limited (LPS), a subsidiary of LPN, to invest in PW Group Engineering Company Limited (PW Group). Main business Contractor for electrical, plumbing and air conditioning systems. Registered capital 5,000,000 million baht, consisting of 50,000 common shares with a par value of 100 baht per share, with registration established on 2 May 2567 and date of payment of shares 29 May 2566.

By the proportion of investment in LPS Project Management Company Limited (LPS), a subsidiary company By purchasing 30,000 common shares, representing a shareholding percentage of 60 percent, the investment objective is to increase competitiveness. Expand customer group Support business operations according to the company's strategic plan. and committee structure There are 3 directors representing LPS Company from a total of 4 directors.

2.Approved the establishment of a subsidiary company, PW Group Engineering Company Limited (PW Group). Registered capital 5,000,000 million baht. Company shareholding percentage Holds shares in the proportion of 60.00% with the objective of increasing competitiveness. Expand customer group Support business operations according to the company's strategic plan.

The Board of Directors has 3 directors representing LPS Project Management Company Limited (LPS), out of a total of 4 directors.