We refer to our earlier letter dated 6th December 2024, wherein it was informed that Usha Martin Americas Inc.(hereinafter referred to as "UMAI"),a wholly owned subsidiary of the Company in the United States of America had entered into an Agreement to acquire 2.02% of the share capital of Usha Siam Steel Industries Public Company Limited(hereinafter referred to as "USSIL"),a subsidiary of the Company from Kobelco Wire Company Limited. The said acquisition has been completed today. Consequent to the aforesaid acquisition, USSIL has become a step down wholly owned subsidiary of the Company.