Chayo Public : Share's purchase in subsidiary compay (555 Shopping Co., Ltd.)

Chayo Group Public Company Limited

44/499-504 Phahonyothin Rd, Khwaeng Anusawari, Khet Bang Khen, BKK. 10220

(Translation)

CGC 043/2022

22 July 2022

Subject:	Share's purchase in subsidiary compay (555 Shopping Co., Ltd.)
To:	The President
	The Stock Exchange of Thailand

Chayo Group Public Company Limited ("the Company") would like to report the resolutions of the Board of Directors Meeting No.6/2022 on 22 July 2022 as follows:

Approved to purchase 50,000 shares (or 25% of total paid up and issued shares) in 555 Shopping Company from the existing shareholders, who are not connected persons. The purchase price is 29 baht per share (Net Book Value as of 555 Shopping Co., Ltd as at 31 December, 2021 was at 29.29 baht per share, the par value is at 35 baht per share). The total amount used for the purchase of these shares was at 1,450,000 baht. After the purchase of such shares, the Company will hold 95% of paid up and issued shares in 555 Shopping Co.,Ltd. (Currently, 555 Shopping Company Limited has issued and paid up shares around 200,000 shares with the par value at 35 baht per share.).

The shares purchase as above is not a connected transaction according to the Notification of the Capital Market Supervisory Board and the relevant Notification of the Board of Governors of the Stock Exchange of Thailand. In addition, the maximum size of the asset acquisition transaction is 0.05%, which is calculated on the criteria Net Tangible Asset Value Criteria. (Based on the 1st quarter financial statements ending March 31, 2022). Therefore, when considering the size of these specific items is not categorized as a transaction requiring disclosure under the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Significant Transactions Qualified as Acquisition or Disposition of Assets dated August 31, 2008. and amendments and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Acts of Listed Companies Concerning the Acquisition or Disposition of Assets B.E. 2547 (2004) , dated on 29 October 2004 and its amended version (collectively, the Notification of Acquisition or Disposition of Assets). However, the Company and its subsidiaries have no other asset disposal transactions during the past 6 months. Therefore, the Company has no obligation to disclose information about the transaction to the Stock Exchange of Thailand. ("SET") or send a circular letter containing information to shareholders or seek approval for entering into the asset disposal transaction from the shareholders' meeting in any way.

Please be informed accordingly

Yours Faithfully

(Mr. Kitti Tungsriwong)

Deputy CEO

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