Siam City Cement Public Company Limited (SET:SCCC) and Sunrise Equity Company Limited proposed to acquire an additional 55.01% stake in Lanna Resources Public Company Limited (SET:LANNA) from Thai NVDR Co., Ltd., UBS AG, London Branch and other shareholders for THB 4.8 billion on August 23, 2024. A cash consideration valued at THB 16.5 per share will be paid by Siam City Cement Public Company Limited and Sunrise Equity Company Limited for 288,825,699 shares. The transaction will be financed through credit facilities from a financial institution. The transaction is expected to be completed by the fourth quarter of 2024. The transaction has been approved by the board of Siam City Cement Public Company Limited. On August 28, 2024, Siam City Cement together with Sunrise Equity have submitted to the Office of the Securities and Exchange Commission the Tender Offer for the Securities of the Lanna Resources. The Tender Offerors will make payment to the Offeree for the tendered shares within two business days from the end of the Offer Period, which falls on 4 October 2024 where the relevant acceptance forms submitted by the Offerees must be correct, complete, and valid. The Tender Offeree who is entitled to withdraw the Tender Offer can withdraw Tender Offer from the first business day to the 20 business days of the Tender Offer Period which falls on 29 August 2024 to 25 September 2024. In the case that the Tender Offerors shall make any material changes that are different from what is disclosed in the Tender Offer, including entry by the Tender Offerors into any material related party transaction with the Business, which requires approval from the Shareholders meeting of the Business, the Tender Offerors shall seek for an approval from the Board of Directors and/or the Shareholder meeting of the Business and other relevant approvals as required by applicable relevant rules, laws and regulations. The Offeror is obligated to make a Mandatory Tender Offer for all the remaining shares. On August 26, 2024, the Board of Directors Meeting of the Company resolved to distribute an interim dividend of THB 1.10 per share to ordinary shareholders. The deal is expected to close on October 2, 2024.

Kiatnakin Phatra Securities Public Company Limited is the Tender Offer Preparer to the offer and Baker & McKenzie Ltd. acted as legal advisor to Siam City Cement Public Company Limited. Jay Capital Advisory Limited acted as financial advisor to Siam City Cement Public Company Limited.