Minor International Public : Notification of investment of MINT subsidiaries (Food Theory)

-Translation-

August 7, 2018

Subject: Notification of investment of MINT subsidiaries (Food Theory)

To: The President The Stock Exchange of Thailand

Minor International Public Company Limited ('the Company', 'MINT') would like to inform the investment of its subsidiaries as following details:

1.

MFG International Holding (Singapore) Pte. Ltd., a 100% holding by MINT's subsidiary, acquired shares of The Food Theory Group Pte. Ltd. from an existing shareholder.

Date of transaction	Quarter 2, 2018
Buyer	MFG International Holding (Singapore) Pte. Ltd.
Seller	Mr. Soh Chin Hua

Mr. Soh Chin Hua neither have a relationship with the Company as a major shareholder nor a director; therefore, it is not subject to the disclosure as per the Notification of the Stock Exchange of Thailand Re: Rules, Procedures and Disclosure of Information Concerning the Connected Transaction of Listed Companies B.E. 2546.

Transaction

MFG International Holding (Singapore) Pte. Ltd. acquired 50% of shares of The Food Theory Group Pte. Ltd. from the existing shareholder: Mr. Soh Chin Hua as follows:

Information of The Food Theory Group Pte. Ltd.

Shareholding Structure	Before acquire	After acquire
MFG International Holding (Singapore) Pte. Ltd.	50%	100%
Mr. Soh Chin Hua	50%	-
Board of Directors	Mr. Soh Chin Hua	Mr. Lee Wei Hsiung

Total Registered Capital	SGD 300,000, comprising of 300,000 ordinary shares, fully paid
Type of business	Sales of food and beverage
Investment value	SGD 3.27 Million or equivalent THB 79.86 Million
Source of funds	Bank Loan
Objective of the investment	Restructuring of ownership of Singapore business
Benefit to the company	Consolidation of Singapore business for expansion and synergies

In this regard, this transaction is classified as asset acquisition transaction according to the Notification of the Capital

Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets. In addition, the transaction value is 0.07% of total assets of the Company's consolidated financial statement ended March 31, 2018, thus, the transaction is not classified to disclose according to the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other

Acts of Listed Companies Concerning the Acquisition and Disposition of Asset, 2547. And the transaction is not classified as a connected transaction.

2.

Minor Food Group (Singapore) Pte. Ltd., a 100% holding by MINT's subsidiary, increased its capital for the allotment of 26,086 shares to Mr. Soh Chin Hua.

Date of transaction

Quarter 2, 2018

Transaction

Minor Food Group (Singapore) Pte. Ltd. increased its capital in the amount of SGD 3,270,000 for the allotment of 26,086 new shares to Mr Soh Chin Hua.

Information of Minor Food Group (Singapore) Pte. Ltd.
After capital increased
Total Registered Capital SGD 300,000, comprising of	SGD 3,570,000, comprising of
300,000 ordinary shares, fully paid	326,086 ordinary shares, fully paid

Before capital increased

Sales of food and beverage
Allotment value by Mr. Soh Chin Hua	SGD 3.27 Million or equivalent THB 79.86 Million
Objective of the capital increase	Restructuring of ownership of Singapore business
Benefit to the company	Consolidation of Singapore business for expansion and synergies

Shareholding Structure
Board of Directors	1. William E. Heinecke	1. William E. Heinecke
2. Paul Charles Kenny	2. Paul Charles Kenny
3. Patamawalai Ratanapol	3. Chaiyapat Paitoon
4. Soh Chin Hua	4. Soh Chin Hua
5. Stephen Chojnacki	5. Stephen Chojnacki
Type of business

*Primacy Investment Limited is a 100% subsidiary of The Minor Food Group Pcl. which is 99.73% held by MINT.

Primacy Investment Limited 100%Primacy Investment Limited* 92%Mr. Soh Chin Hua

8%

In this regard, this transaction is classified as asset disposal transaction according to the Notification of the Capital Market Supervisory Board No. TorChor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets. In addition, the transaction value is 0.2% of net tangible assets of the Company's consolidated financial statement ended March 31, 2018, thus, the transaction is not classified to disclose according to the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Asset, 2547. And the transaction is not classified as a connected transaction.

3.

In order to restructure the ownership of the Singapore business to consolidate the multiple brands under a single company and management in order to facilitate synergies or expansion, MFG International Holding (Singapore) Pte. Ltd., disposed its investment in The Food Theory Group Pte. Ltd. to Minor Food Group (Singapore) Pte. Ltd. at the value of SGD 3.27 Million or equivalent THB 79.86 Million.

Current shareholding of The Food Theory Group Pte. Ltd.	Before	After
MFG International Holding (Singapore) Pte. Ltd.	100%	-
Minor Food Group (Singapore) Pte. Ltd.	-	100%

Minor Food Group (Singapore) Pte. Ltd. and MFG International Holding (Singapore) Pte. Ltd. are 100% held by Primacy Investment Limited which is a 100% subsidiary of The Minor Food Group Pcl. which is 99.73% holding held by MINT.

Please be informed accordingly.

Sincerely yours,

- Signed - ----------------------------------(Mr. Pual Charles Kenny) Director