PTT Global Chemical Public Company Limited and its Subsidiaries For the year ended 31 December 2023 PTT Global Chemical Public Company Limited and its Subsidiaries Notes to the financial statements For the year ended 31 December 2023 55 Material movements Consolidated financial statements Separate financial statements for the years ended 31 December Note 2023 2022 2023 2022 (in million Baht) Joint Ventures Increase capital in PTT MCC Biochem Co., Ltd. 906 - 906 - Increase capital in GGC KTIS Bioindustrial Co., Ltd. 188 54 - - Acquisition from transfers of businesses: - Revolve Group Limited - - - 270 Change in ownership interest in Thai Tank Terminal Limited 9 - 2,802 - 459 Change in ownership interest in GC Logistics Solutions Co., Ltd. 9 3,509 - 820 - Associates Increase capital in Kuraray GC Advanced Materials Co., Ltd. - 93 - 93 Purchase investment in Vinythai Plc. - 5,934 - 5,934 Purchase investment in AGC Vinythai Plc. - 2,144 - 2,144 Acquisition from transfers of businesses: - Dynachisso Thai Co., Ltd. - - - 294 Change in ownership interest in Eastern Fluid Transport Co., Ltd. - (16) - (2) Dispose investment in Thai Eastern Top Seeds Oil Co., Ltd. - - - - Dissolution of PTT Energy Solutions Co., Ltd. - - - - Reversal of (loss on) impairment of investment in PTT Energy Solutions Co., Ltd. 1 (3) - (11) PTT MCC Biochem Co., Ltd. On 16 November 2023, PTT MCC Biochem Co., Ltd., a direct joint venture of the Group, has called for an increase in paid-up capital of 90,604,050 shares at Baht 10 per share, totalling Baht 906.04 million. The amount was fully paid in November 2023. GGC KTIS Bioindustrial Co., Ltd. During the year ended 31 December 2023, GGC KTIS Bioindustrial Co., Ltd., an indirect joint venture of the Group, has called for an increase in paid-up capital totalling Baht 187.50 million from GGC Biochemicals Co., Ltd., a subsidiary of the Company. The amount was fully paid during the year ended 31 December 2023. On 8 April 2022, GGC KTIS Bioindustrial Company Limited, an indirect joint venture of the Group, has called for an increase in paid-up capital of 3,575,000 shares at Baht 15 per share, totalling Baht 53.63 million, from GGC Biochemicals Company Limited, a subsidiary of the Company. The amount was fully paid in May 2022. Kuraray GC Advanced Materials Co., Ltd. On 10 March 2022, Kuraray GC Advanced Materials Co., Ltd., a direct associate of the Group, has called for an increase in paid-up capital of 933,530 shares at Baht 100 per share, totalling Baht 93.35 million. The amount was fully paid in April 2022. 299 PTT GLOBAL CHEMICAL PUBLIC COMPANY LIMITED Form 56-1 One Report 2023
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