Ingress Industrial (Thailand) Public Company Limited ("INGRS") held on 8 October 2021, resolved to ratifying ongoing acquisition of assets in relation to the development of manufacturing plant in Indonesia ("the Project"). The acquisition includes the cost of procuring the property (land and factory building), machinery and production equipment, construction and renovation works and mechanical and electrical works. This assets acquisition is considered an asset acquisition of transaction pursuant to Notification of the Capital Market Supervisory Board an acquisition of assets transaction pursuant to Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering Into Material Transactions Deemed as Acquisition or Disposal of Assets. The transaction size, calculated based on the total value of consideration paid/payable is 22.57% of the Total Assets of INGRS, based on the consolidated financial statements of the INGRS for the period ended 31 July 2021, which have been reviewed by the external auditor of INGRS. The total consideration represents multiple acquisitions of assets which approximate total value for the Project since the approval from the Board of Directors of INGRS to enter into the transaction. The transaction size is classified as Class 2 transaction under the Acquisition or Disposal rule, i.e., a transaction value equivalent to 15% or more but lower than 50%. Consequently, INGRS is required to disclose an information memorandum regarding the acquisition of assets transaction by the subsidiary to the Stock Exchange of Thailand; and deliver such circular notice to INGRS shareholders within 21 days from the date of disclosure of the transaction. In addition, the transaction is not considered and regarded as a connected transaction of INGRS under the Notification of the Capital Market Supervisory Board No. TorJor. 21/2551 Re: Rules on Connected Transactions due to the transaction parties not considered as the related party with INGRS. The details of Information Memorandum on Ratification on Asset Acquisition in Relation to the Development of Manufacturing Plant in Indonesia are shown as in the enclosure.