Thai Union Group Public Company Limited announced in respect of the signing of a new joint venture agreement with R&B Food Supply Public Company Limited ("RBF") and Srinivasa Cystine Private Limited ("SCPL"), an associate of Avanti Group, to distribute high quality food ingredients in the Indian market. Objective of Investment: Joint investment in order to distribute high quality food ingredients such as flavoring and coating, and over time, will potentially explore the setup of its own manufacturing facility in India. Investment Capital: Authorized capital in the amount of INR 100 million with issued and paid-up capital of INR 76 million (approximately USD 1 million).