Taokaenoi Food and Marketing Public Company Limited reported that on April 26, 2021, the Company has entered into a Memorandum of Agreement on Product Development Collaboration with TWZ Corporation Public Company Limited ("TWZ"), as the other party, whereby TWZ, which will invest in Kanyarak Co. Ltd., will supply and distribute raw materials containing hemp and/or cannabis as ingredients, and the Company will produce and provide distribution channels for food products or other products to be mutually approved, and both parties wish to proceed with formula development, production and distribution to be agreed upon. In addition, such Memorandum of Agreement shall be subject to the conditions of agreements relating to product development collaboration, in respect of which both parties will consider and negotiate the relevant conditions and may further sign additional agreements, and apply for registration of production and distribution of such products with the relevant authorities.

In this connection, the Stock Exchange of Thailand shall be kept updated on any development of such arrangements in due course. The memorandum is for a period of 3 years from the date of signing the memorandum.