Sappe Public Company Limited announced According to the Board of Directors' Meeting of the Company held on June 22, 2023, the meeting has passed a resolution to approve the acquisition of assets for investment project for constructions of manufacturing plant and warehouse building, and installation of machinery for beverage production with yearly capacity of 66,000 tons and space for 2 additional production lines, totaling 3 production lines with total maximum production capacity of 242,500 tons per year. The new plant is located at Lam Luk Ka District, Pathum Thani Province on the land owned by the Company. The maximum investment in this new project is totaled at THB 1,630 million.

In entering into this transaction, the Company has considered the acquisition of assets according to the Notification of the Capital Market Supervisory Board No. TorChor 20/2551 "Rules on Entering into Material Transactions Deemed as Acquisition or Disposition of Assets" and the Notification of the Board of Governors of the Stock Exchange of Thailand ("SET"), "Disclosure of Information and other Act of Listed Companies concerning the Acquisition and Disposition of Assets B.E.2547. The total value of such transaction is THB 1,630 million equivalent to 32.39% according to the criteria of the total value of the consideration paid or received of the Company's reviewed consolidated financial statements ended 31 March 2023.

The Company has other asset acquisition transactions that occurred within the previous 6 months, the size of the acquisition at 13.91%, resulting in a total transaction size of 46.31%, which is classified as a transaction type 2 according to the Acquisition or Disposition of Assets for the transaction higher than 15% but less than 50% of total assets. Therefore, the Company shall proceed with the disclosure report of this transaction to the SET and send the circular notice to shareholders within 21 days from the notification date to the SET.