Frasers Property Holdings (Thailand) Co., Ltd. entered into the Share Purchase Agreement to acquire Frasers Property Technology (Thailand) Co., Ltd from Frasers Property (Thailand) Public Company Limited (SET:FPT), Automation Asset Co., Ltd and Frasers Property Industrial (Thailand) Company Limited for THB 460 million on May 10, 2023. 43,722,475 shares representing 100% in FP TECH held by Frasers Property Holdings hold 43,722,471 ordinary shares, 2 ordinary shares held by Frasers Property Industrial (Thailand) Co., Ltd. and 2 ordinary shares held by Automation Asset Co., Ltd. Proceeds from the Transaction is to use as funding for core business of the Company. Financial statement dated September 30, 2022, FP TECH has total assets of THB 1.498 billion, total equity of THB 1.498 billion, Total revenue of THB 0.003 million and net loss of THB 0.069 million. According to the SPA, the ownership in all shares of FP TECH has already been transferred and the Company has received payment in full from the purchaser. Therefore, FP TECH ceases to be a subsidiary and STT GDC ceases to be an associated company of the Company since May 10, 2023. As on April 4, 2023, Board of Director has approved the transaction.

Frasers Property Holdings (Thailand) Co., Ltd. completed the acquisition of Frasers Property Technology (Thailand) Co., Ltd from Frasers Property (Thailand) Public Company Limited (SET:FPT), Automation Asset Co., Ltd and Frasers Property Industrial (Thailand) Company Limited on May 10, 2023.