Jutiphan Mongkolsuthree, Director and Managing Director of Gofive Co. Ltd., agreed to acquire 40% stake in Gofive Co. Ltd. from T.K.S. Technologies Public Company Limited (SET:TKS) for THB 2.4 million on December 20, 2019. Under the terms of the transaction, Jutiphan Mongkolsuthree will pay THB 6 per share to acquire 0.4 million common shares of Gofive Co. Ltd. Upon completion of the transaction, T.K.S. Technologies Public Company Limited will continue to own 60% stake in Gofive Co. Ltd. The transaction was approved and resolved by T.K.S. Technologies Public Company Limited board on December 20, 2019. The transaction is subject to the approval of the Board of Directors T.K.S. Technologies Public Company Limited.