We, Thai Beverage Public Company Limited ("THBEV"), would like to announce that THBEV has incorporated a new wholly-owned subsidiary, ThaiBev Co., Ltd., in Thailand. THBEV holds 99.998% in ThaiBev Co., Ltd. while other two shareholders hold one share each.

ThaiBev Co., Ltd. has a registered capital of Baht 1,000,000 consisting of 100,000 ordinary shares with a par value of Baht 10. ThaiBev Co., Ltd. will be principally engaged in investment and services management for alcoholic and non-alcoholic beverages and food businesses.

The aforesaid investment was funded through internally generated funds and is not expected to have any material impact on the earnings per share and net tangible assets of THBEV for this financial year.

To the best knowledge of the directors of THBEV (the "Directors"), neither of the Directors nor substantial shareholders of THBEV have any direct or indirect interest (other than through their respective shareholdings in THBEV), in the aforesaid transaction.

Please be informed accordingly.

Yours faithfully,

Nantika Ninvoraskul
Company Secretary

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Thai Beverage pcl published this content on 20 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2022 13:48:01 UTC.