2021

14 May 2021: the significant resolution was the approval on the registration of a subsidiary to operate online platform business, namely SoMeWa Plaza Company Limited (SoMeWa), in which the Company holds 75% of the shares and was successfully registered on 14 June 2021 with the initial registered capital of THB 2 million. At present, its commercial income is not yet recognized because it is in the process of platform creation.

2 June: the Company issued and allocated warrants to purchase the Company’s ordinary shares for the 4^th time (ECF-W4) to existing shareholders, 191,894,988 units were allocated. The said warrants are valid for 3 years, ending on 2 June 2024, with the exercise ratio of 1 unit of warrant per 1 ordinary share to be purchased, with an exercise price of THB 2 per 1 ordinary share of the Company.

16 December 2021, the Board of Directors had a resolution to approve the investment in additional new businesses of a subsidiary, ECF Holdings Company Limited (“ECFH” or “Subsidiary”) as a subsidiary in which the Company holds 94.44% of shares, was approved to invest in new business in addition to the main business that is the distributor of furniture products for the company, the new business is the cryptocurrency mining business.

23 December 2021: The Board of Directors had a resolution to approve the registration of an additional subsidiary to operate the business of agriculture and crop distribution. That is V.V. Rich Company Limited. The Company will be the major shareholder in the proportion of 99.97%. At present, its commercial income is not yet recognized because it is still in the initial stage of investment.