According to the Board of Directors meeting no.14/2023 of Thai Coconut public company limited ("Company") on 29th September 2023, the meeting has approved the investment in the project of maximising production capacity of coconut water packed with UHT PRISMA machine. The investment value is approximately THB 384.70 million to support the rising demand of coconut water products of customers. After investing, the maximum production capacity will increase from 218,000 tons per year to 310,000 tons per year.

The investment to maximise production capacity of coconut water packed with UHT PRISMA machine is considered as the asset acquisition based on the announcement of the office of capital market Tor Jor no.20/2008: the principles in making a significant transaction, which is the acquisition or disposal of assets. Including, the amended announcement, and the announcement of the committee of Stock Exchange of Thailand: the disclosure of information and actions of publicly listed company in acquiring or disposing of assets in 2004 ("the announcement of acquiring or disposing"). The details are as follows: The project of maximising the production capacity of coconut water packed with UHT PRISMA machine will have investment in the Aseptic Filing sized 330 ml.

for 4 machines, the Aseptic Filing sized 1,000 ml. for 2 machines, and other related equipments. This investment will cause the rising production capacity of coconut water of company, which increase from 218,000 tons per year to 310,000 tons per year.

The company expects that this investment can earn commercial revenue at the first quarter of 2024.