Subsidiaries and Associated Companies

Business Organisation and Corporate Structure of BTS Group as of 30 September 2020

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Mass Transit Business
Bangkok Mass Transit System Plc. BTS Infrastructure Services Co., Ltd. BTS Infrastructure Development Co., Ltd. Northern Bangkok Monorail Co., Ltd. Eastern Bangkok Monorail Co., Ltd. U-Tapao International Aviation Co., Ltd. BTS Rail Mass Transit Growth Infrastructure Fund Chao Phraya Express Boat Co., Ltd. BGSR 6 Co., Ltd. BGSR 81 Co., Ltd.

Media Business

VGI Plc.
VGI Advertising Media Co., Ltd.
888 Media Co., Ltd.
Point of View (POV) Media Group Co., Ltd.
BV Media Ads Limited
VGI AnyMind Technology Co., Ltd.
Demo Power (Thailand) Co., Ltd.
Aero Media Group Co., Ltd.
V-Click Technology Co., Ltd.
SLV Retail Co., Ltd.
Master Ad Plc.
Ads Chao Phraya Co., Ltd.
The ICON VGI Co., Ltd.
Supremo Media Co., Ltd.
VGI MACO (Singapore) Private Limited
VGI Global Media (Malaysia) Sdn Bhd
Kerry Express (Thailand) Plc.
Group Work Co., Ltd.

Property Business
The Community One Co., Ltd. The Community Two Co., Ltd. Kingkaew Assets Co., Ltd. Future Domain Co., Ltd. Majestic Park Co., Ltd. Yongsu Co., Ltd. DNAL Co., Ltd. U City Plc.

Services Business

Turtle 23 Co., Ltd.
Turtle 1 Co., Ltd.
Turtle 2 Co., Ltd.
Turtle 3 Co., Ltd.
Turtle 4 Co., Ltd.
Turtle 5 Co., Ltd.
Turtle 6 Co., Ltd.
Turtle 7 Co., Ltd.
Turtle 8 Co., Ltd.
Turtle 9 Co., Ltd.
Turtle 10 Co., Ltd.
RB Services Co., Ltd.
Rabbit Rewards Co., Ltd.
Bangkok Payment Solutions Co., Ltd.
HHT Construction Co., Ltd.
Man Food Holdings Co., Ltd.
BSS Holdings Co., Ltd.
RabbitPay System Co., Ltd.
RABBIT-LINE PAY Co., Ltd.
ATS Rabbit Special Purpose Vehicle Co., Ltd.
Rabbit Internet Co., Ltd.
ASK Direct Group Co., Ltd.
Rabbit Insurance Broker Co., Ltd.
Bangkok Smartcard System Co., Ltd.