EA Founds 2 Subsidiaries to Operate Waste Disposal and Manufacture E-Vehicles and Bus

Energy Absolute Public Company Limited (EA) has announced the establishment of new subsidiary company as follows:

1) The establishment of Smart Waste Management Co., Ltd. (SWM), holding 99.99% with a registered capital of 1,000,000 baht, divided into 100,000 ordinary shares with par value of ฿10.00/share. The objective of this establishment is to operating waste disposal.

2) The establishment of EV Now Co., Ltd. (EV Now), holding 74.98% with a registered capital of 1,000,000 baht, divided into 100,000 ordinary shares with par value of ฿10.00/share. The objective of this establishment is to manufacture and distribute electric buses, trucks and other vehicles including public transportation business.