Khee San Berhad announced that pursuant to Section 4.6 of the announcement dated 23 August 2023, KSFI and Wellspire Global Trading are still in the midst of negotiating on the exclusive distribution agreement(s), in which the registration of KSFI?s intellectual property (including but not limited to trademarks, service marks, trade names, patents, know-how, copyrights, designs and software if applicable) (?Intellectual Property?) for the purpose of distributing the Products in Thailand will take approximately up to eighteen months for completion, before entering into the exclusive distribution agreement(s). The Strategic Cooperation Agreement dated 23 August 2023 remains effective.
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