Starflex Public Company Limited announced that referring to Starflex Company Limited (SFLEX)'s letter no. 084/2021 dated 30th September 2021, informing the Stock Exchange of Thailand (SET) in respect of a resolution of Board of Director's to approve an investment with Thai Union Graphic Co., Ltd. (TUG), to produce and sell flexible packaging and cooperate in the development of packaging in the future. The Company would like to update that Starflex Company Limited and its partner, Thai Union Graphic Company, carrying on servicing and manufacturing of printing and packaging business, has successfully to establish a new company for joint investment namely "Star Union
Packaging Co., Ltd". The details of this investment can be summarized below: Registration Date: April 28, 2022. Name of the company: Star Union Packaging Company Limited. Objective of Investment: Establish new joint investment company to carry on a manufacturing and distributing of flexible packaging and other related business including development of new packaging or products. Registered Capital: THB 1,000,000 comprised of 9,800 common shares; and 200 preferred-shares with par value of THB 100 per share.