Osotspa Public Company Limited informed that the resolution of the Board of Directors Meeting No. 11/2021 held on 10 November 2021 on the collaboration between Osotspa and Yanhee Vitamin Water Co. Ltd. (Yanhee) (collectively referred as Parties) to establish a new company in Thailand.

This investment is consistent with OSP's overall herbal strategy to extend beverage portfolio into a new adjacent category to capture growth opportunity. Details are as follows: Company's Name: Osotspa Yanhee Beverage Company Limited; Business: To research, develop, and marketing beverage product(s), which compose, use, or consist of cannabis, or hemp, or cannabis/hemp extraction, which is subjected to license from the Food and Drug Administration and/or other relevant authorities to produce and sell products. Registered Capital: Not exceeding THB 200,000,000 (two hundred million baht) equivalent to the total of 2,000,000 common shares (two million shares) at par value of THB 100 per share (one hundred baht); Shareholding Structure: Osotspa holds 55% of shares through Osotspa Enterprise Company Limited (Osotspa's wholly owned subsidiary) and Yanhee holds 45% of shares.