Movie Content Business

Thai film production. Established on 4 July 2019 and increased its registered and paid-up capital as per resolution of extraordinary shareholder meeting No. 1/2563 on 16 July 2020 of Tai Major Co., Ltd. (“subsidiary company”) from 30 million Baht (300,000 shares at a par value of 100 Baht/share) to 45 million Baht (450,000 shares with a par value of 100 Baht/share) by issuing 150,000 new ordinary shares at a par value of 100 Baht/share offering for sale to existing shareholders proportionally, thus increasing the number of shares held by the Company from 180,000 shares to 270,000 shares (60 per cent), and increasing the number of shares held by other small shareholders from 120,000 shares to 180,000 shares (40 per cent).

At the Extraordinary General Meeting of Tai Major Co., Ltd. (subsidiary) No.1/2022 on 26 December 2022, the shareholders express an intention to sell shares amounting to Baht 5.40 million (225,000 shares at the par value of Baht 24 each) to the Company. The acquisition of the shares by the Company resulted in change in shareholding interests of the subsidiary from 70.00% to 100.00%.

Production of Thai film entitling Hug Terd Tueng, not yet released, with investment amount of 18.00 million Baht under the agreement, divided as follows:

1. M Pictures Co., Ltd. invested 55%
   (9.90 million Baht)
2. Land of Smile Co., Ltd. invested 45%
   (8.10 million Baht)

Production of Thai film entitling Bikeman, released on 20 September 2018, with investment amount of 25.00 million Baht under the agreement, divided as follows:

1. M Thirtynine Co., Ltd. invested 70%
   (17.50 million Baht)
2. Thai Broadcasting Co., Ltd. invested 30%
   (7.50 million Baht)

Joint Venture Bikeman has registered its dissolution on 8 December 2022.

Production of Thai film entitling Bikeman 2, released on 23 October 2019, with investment amount of 25.00 million Baht under the agreement, divided as follows:

1. M Thirtynine Co., Ltd. invested 55%
   (13.75 million Baht)
2. Thai Broadcasting Co., Ltd. invested 45%
   (11.25 million Baht)

Joint Venture Bikeman has registered its dissolution on 8 December 2022.

Production of Thai film entitling E Rium Zing (released on 19 November 2020, and Meter Du Gan Tha Rieng Thong (released on 18 September 2019) with investment amount of 25.00 million Baht each under the agreement, divided as follows:

1. M Thirtynine Co., Ltd. invested 70% each
   (17.50 million Baht each)
2. Thai Broadcasting Co., Ltd. invested 30% each
   (7.50 million Baht each)

Produce Thai film entitling Sap Sanan Yanwang Happy New You, released on 30 December 2019, with investment amount of 23.50 million Baht under the agreement, divided as follows:

1. M Thirtynine Co., Ltd. invested 70% each
   (16.45 million Baht each)
2. Thai Broadcasting Co., Ltd. invested 30% each
   (7.05 million Baht each)

And Thai film entitling Juad Kathoei Bung Fai, not yet released, with investment amount of 15.50 Baht under the agreement, divided as follows:

1. M Thirtynine Co., Ltd. invested 70% each
   (10.85 million Baht each)
2. Thai Broadcasting Co., Ltd. invested 30% each
   (4.65 million Baht each)

Procure and distribute film copyrights for screening in Cambodia. Registered in Cambodia on 8 August 2018 with registered capital of USD 200,000 divided into 200,000 shares with a par value of USD 1/share. Co-investors include:

1. M Pictures Entertainment PC., investing 55% (110,000 shares amounting to USD 110,000 or approximately 3,630,000 Baht (exchange rate USD 1 = 33 Baht);
2. MVP Entertainment Pte. Ltd. (registered in Cambodia), investing 30% (60,000 shares); and
3. Sabay Digital Corp. Ltd. (registered in Cambodia), investing 15% (30,000 shares).

Entertainment business. Registered on 14 May 2020 with registered capital of 100 million Baht comprising 1 million ordinary shares with a par value of 100 Baht/share, 25 million Baht already paid up.

Co-investors include:

1. M Pictures Entertainment PCL, 20% investment (200,000 shares amounting to 20 million Baht);
2. Draconic Co., Ltd. (“DCN”), 20% investment (200,000 shares amounting to 20 million Baht);
3. T & B Media Global (Thailand) Co., Ltd. (“T&B”), 30% investment (300,000 shares amounting to 30 million Baht);
4. Search Entertainment Co., Ltd. (“SARCH”), 30% investment (300,000 shares amounting to 30 million Baht).

Production of Thai film entitling Sangkrasue, released on 14 March 2018, with investment amount of 35.00 million Baht under the agreement, divided as follows:

1. Transformation Film Co., Ltd. invested 40%
   (14.00 million Baht)
2. M Pictures Co., Ltd. invested 30%
   (10.50 million Baht)
3. CJ Major Entertainment Co., Ltd. and Northstar Co., Ltd. invested 15% each
   (5.25 million Baht each)

Production of Thai film entitling Khun Phaen Fah Fuen, released on 10 October 2019, with investment amount of 47.00 million Baht under the agreement, divided as follows:

1. M Pictures Co., Ltd. invested 51%
   23.97 million Baht)
2. Behemoth Co., Ltd. invested 40%
   (18.80 million Baht)
3. Monwork Co., Ltd. invested 9%
   (4.23 million Baht)

Production of Thai film entitling Tue Pai Duay Kan Na, released on 31 October 2019, with investment amount of 25.00 million Baht under the agreement, divided as follows:

1. CJ ENM Co., Ltd. (Korea) invested 51%
   (12.75 million Baht)
2. Slap Monster Co., Ltd. invested 35%
   (8.75 million Baht)
3. M Pictures Co., Ltd. invested 14%
   (3.50 million Baht)

Production of Thai film entitling Love Battle, released on 20 June 2019, with investment amount of 25.00 million Baht under the agreement, divided as follows:

1. CJ ENM Co., Ltd. (Korea) invested 51%
   (12.75 million Baht)
2. Slap Monster Co., Ltd. invested 35%
   (8.75 million Baht)
3. M Pictures Co., Ltd. invested 14%
   (3.50 million Baht)

Production of Thai film entitling Classic Again, released on 13 February 2020, with investment amount of 25.00 million Baht under the agreement, divided as follows:

1. CJ ENM Co., Ltd. (Korea) invested 51%
   (12.75 million Baht)
2. M Pictures Co., Ltd. invested 39%
   (9.75 million Baht)
3. Toh Gloam Television Co., Ltd. invested 10%
   (2.50 million Baht)

Production of Thai film entitling Kuen Yutti Tham, released on 12 August 2020, with investment amount of 19.00 million Baht under the agreement, divided as follows:

1. M Pictures Co., Ltd. invested 70%
   (13.30 million Baht)
2. Dreambox Co., Ltd. invested 15%
   (2.85 million Baht)
3. Monwork Production Co., Ltd. invested 15%
   (2.85 million Baht)

Production of Thai film entitling Dang Pra Ka Nong, released on 31 March 2022, with investment amount of 27.50 million Baht under the agreement, divided as follows:

1. M Pictures Co., Ltd. invested 55%
   (15.13 million Baht)
2. Media Studio Co., Ltd. invested 30%
   (8.25 million Baht)
3. Monwork Production Co., Ltd. invested 15%
   (4.13 million Baht)

Production of Thai film entitling Cracked, not yet released, with investment amount of 27.00 million Baht under the agreement, divided as follows:

1. CJ ENM Co., Ltd. (Korea) invested 80%
   (21.60 million Baht)
2. Major Cineplex PCL. invested 20%
   (5.40 million Baht)

Satellite broadcasting and film copyright distribution through cable TV M Channel. Being a joint venture between M Pictures Entertainment PCL and Kantana Group PCL, established on 27 January 2010 with registered capital of 40 million Baht, divided into 4,000,000 ordinary shares with a par value of 10 Baht/share. The subsidiary company held 1,799,996 shares, representing 44.99 per cent.

Meeting of Board of Directors of the subsidiary company held on 8 august resolved to approve additional investment based on original shareholding ratio, by purchasing 899,998 shares at a par value of 10 Baht/share, and the subsidiary held 2,699,994 shares while the shareholding ratio remained unchanged.

Film and video production including entertainments of all forms. Established in 2014 from co-investment with 4 companies: True O Content in True Group, Bangkok Film Studio, Matching Studio Plus and M Pictures Entertainment PCL at equal proportion i.e., 28.57% each, amounting to 50 million Baht each, and Matching Studio Plus invested 14.29%, amounting to 25 million Baht, totaling 175 million Baht. The Company had a goal to produce the first quality Thai film entitling “Tukkae Rak Pang Mak” (released on 28 August 2014).

Meeting of Board of Directors of Transformation Film Co., Ltd. (“joint venture”) held on 10 July 2018 resolved to approve increase to registered capital of Transformation Film Co., Ltd. from 1.75 million ordinary shares with a par value of 100 Baht/share to 2.45 million ordinary shares with a par value of 100 Baht/share, amounting to 245 million Baht of new investment. M Picture Entertainment PCL (subsidiary company) (“M Picture”) paid the amount of 35.00 million for 350,000 new ordinary shares at the par value, causing the subsidiary company’s shareholding ratio to change to 850,000 shares, or 34.69 per cent of the registered capital of Transformation Film Co., Ltd. Said capital increase was registered with Ministry of Commerce on 23 July 2018.

Film distribution in Lao PDR. Established on 24 August 2015, being co-investment of the Company Group by M Pictures Entertainment PCL and MVP Entertainment Co., Ltd. Total initial investment was USD 125,000, divided into 10,000 ordinary shares with a par value of USD 12.5/share and investment ratios of 40 and 60 per cent, respectively, divided into the Company’s investment of 4,000 shares amounting to USD 50,000 or approximately 1,750,000 Baht (exchange rate USD 1 = 35 Baht as at 30 June 2015).

A resolution was passed on 7 August 2019 to make additional investment of 34,200 shares at a par value of 10,000 Kib, totaling 1,000,000,000 Kib proportional to shareholding ratio, divided into 100,000 ordinary shares, making the total investment to be 1,855,000,000 Kib, divided into 185,500 ordinary shares, and changing the investment ratio from 40,000 shares to 74,200 shares, while the shareholding ratio remained unchanged.

Entertainment business. Registered on 16 December 2021 with registered capital of 1 million Baht comprising 10,000 ordinary shares with a par value of 100 Baht/share.

Co-investors include:

1. M Pictures Entertainment PCL invested 45%
2. Tai Broadcasting Co.,Ltd invested 35%
3. Toh Gloam Television Co., Ltd. invested 30%

Production of Thai film entitling Attama Pha Phar, released on 6 April 2023,

on 23 May 2022, which the Company has percentage of interest 40% with respect to the joint investment agreement. The Company paid 100% of investment which calculated to Baht 11.32 million. The Company made a payment on 22 June 2022 amounting to Baht 10.19 million and on 24 June 2022 amounting to Baht 1.13 million. Total investment is 28.30 million baht.

Co-investors include:

1. Major Join Film Co.,Ltd. invested 40%
2. Tai Broadcasting Co.,Ltd invested 30%
3. T&B Media Global Co., Ltd. invested 30%

Production of Thai film entitling Buaphan Fun Yub, released on 23 November 2022,

on 23 May 2022, which the Company has percentage of interest 50% with respect to the joint investment agreement. The Company paid 100% of investment on 26 July 2022 which calculated to Baht 19.70 million. Total investment is 39.40 million baht.

Co-investors include:

1. Major Join Film Co.,Ltd. invested 50%
2. BEC World Co.,Ltd invested 50%

Production of Thai film entitling Khong Khaek, released on 25 May 2023,

on 1 June 2022, which the Company has percentage of interest 50% with respect to the joint investment agreement. The Company paid 75% of investment which calculated to Baht 4.50 million. The Company made a payment on 15 July 2022 amounting to Baht 1.50 million, on 27 July 2022 amounting to Baht 1.50 million and on 30 October 2022 amounting to Baht 1.5 million. Total investment is 12 million baht.

Co-investors include:

1. Major Join Film Co.,Ltd. invested 50%
2. Monwichit Entertainment Co.,Ltd invested 50%

Production of Thai film entitling Rak Dai Rang Oak ,released on 16 March 2023,

on 12 September 2022, which the Company has percentage of interest 50% with respect to the joint investment agreement. The Company paid 100% of investment on 16 November 2022 which calculated to Baht 6.39 million. Total investment is 12.77 million baht.

Co-investors include:

1. Major Join Film Co.,Ltd. invested 50%
2. Pai Roy Kor Production Co.,Ltd invested 50%

Production of Thai film entitling Long Live Love, released on 29 June 2023,

1 November 2022, which the Company has percentage of interest 73% with respect to the joint investment agreement. The Company paid 100% of investment which calculated to Baht 27.70 million. The Company made a payment on 29 November 2022 amounting to Baht 15.60 million and on 30 November 2022 amounting to Baht 12.10 million. Total investment is 37.70 million baht.

Co-investors include:

1. Major Join Film Co.,Ltd. invested 73.47%
2. AM WAHAHA Co.,Ltd invested 26.53%