Thanulux Public Company Limited

The board of directors of Thanulux Public Company Limited, or TNL, has resolved to propose to the extraordinary general meeting of shareholders No. 1/2569 the approval of the disposal of two assets to Saha Pathana Inter-Holding Public Company Limited, or SPI, which is a connected person as it is a major shareholder of TNL. The first item is the disposal of investment property comprising 16 plots of land and buildings, divided into three groups, located on Nonsi Road, Yannawa District, Bangkok, with a total area of 8,085 square wah and a total sale value of 814 million baht. Group 1, valued at 403.43 million baht, will have ownership transferred within 2569, while Group 2, valued at 224.82 million baht, and Group 3, valued at 185.76 million baht, will be transferred within 2571, and the buyer has the right to extend the period to 2572. The second item is the disposal of an investment in ordinary shares of President Bakery Public Company Limited, or PB, totalling 3.50 million shares, representing 0.78% of registered and paid-up capital, at 47 baht per share, for a total value of 164.50 million baht, to SPI through the Stock Exchange of Thailand's Big Lot system, expected to be completed by 31 December 2569. The two items have a combined value of 978.50 million baht, representing 8.95% of the company's net asset value, and constitute a connected transaction requiring shareholder approval by a vote of not less than three-quarters of the shareholders attending the meeting and entitled to vote, excluding shareholders with an interest. The company has scheduled the extraordinary general meeting of shareholders No. 1/2569 for 9 November 2569 at 1:00 p.m. via electronic media, set a record date of 12 October 2569, and appointed Silom Advisory Company Limited as an independent financial adviser. The proceeds received will be used to enhance liquidity, as working capital, as reserves to support future business expansion, and to reduce investment in businesses unrelated to the core business.