Gunkul Engineering Public : Notification of the Establishment of a Joint Venture Company

No. GUNKUL_LT-OUT_65-065

10th August 2022

Subject:	Notification of the Establishment of a Joint Venture Company
To:	Managing Director of the Stock Exchange of Thailand

According to the resolution of the Board of Directors' meeting of Gunkul Engineering Public Company Limited ("the Company" or "GUNKUL") No. 8/2565 (2022), dated 10th August 2022, has resolved to approve G.K. Hemp Group Company Limited ("GKHG"), a subsidiary of GUNKUL, to establish a subsidiary with the objective of conducting hemp and cannabis business in the downstream segment with registered capital of 1,000,000.00 baht. The Company will hold 100% shares, which is considered an asset acquisition transaction. For the calculation of the transaction size according to the rules of the Notification of the Stock Exchange of Thailand in accordance with the calculation method on information disclosure and operations of listed companies in the acquisition or disposal of assets, B.E. 2547, equal to 0.002% of Total Assets of the Company, according to the latest consolidated financial statements periods ending on 30th June 2022, which has been reviewed by the auditor. This transaction is classified according to the method of calculating the transaction size by using the total value of the consideration paid compared to the total assets of the listed company. In this regard, when calculating the sum of consideration paid in the 6-month period (including the above items), the total value will be equal to 0.004% which not over than 15%.

In this regard, the said transaction size does not consider as a connected transaction according to the Notification of the Capital Market Supervisory Board No. TorJor. 21/2008 Re: Criteria for Connected Transactions of Listed Companies, and when calculating the size of the asset acquisition transaction does not reach the criteria required to be carried out in accordance with the Notification of the Capital Market Supervisory Board No. TorJor. 20/2008 Re: The Criteria for Entering into Material Transactions Deemed as Acquisition or Disposal of Assets (including the amended version). However, the said transaction is the acquisition of a subsidiary; therefore, the Company as a listed company must disclose this information to the Stock Exchange of Thailand according to the regulations of the Stock Exchange of Thailand Re: Criteria, Conditions and Methods for Disclosure of Information and Other Acts of Listed Companies B.E. 2560.

Please be informed accordingly

Sincerely Yours,

(Mr. Somboon Aueatchasai, Ph.D.)

Chief Executive Officer

Miss Chantra Jongjamareeseethong / Miss Tanawan Patana-anek

Office of Chief Executive Officer

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