Taxsa Bunnag signed an Information Memorandum to acquire an additional 51% stake in AI Soft Company Limited from Comanche International Public Company Limited (SET:COMAN) for THB 5 million on March 11, 2022. Under the terms, Taxsa Bunnag will acquire 153,000 shares, representing 51% of AI Soft's registered capital at THB 32.68 per share. The Company expects to enter into ordinary shares purchase and sales agreement and complete the transaction within Quarter 2/2022.

Currently, Comanche International Public Company Limited holds 51% stake, Taxsa Bunnag holds 39% stake and Maitree Sapphakitwatthana holds 10% stake in AI Soft Company. AI Soft Company reported total assets of THB 11.4 million, owner's equity of THB 5.8 million, Revenues of THB 22.7 million and net profit of THB 0.9 million. Comanche to utilize proceeds in better achieving more efficient business development, increasing its potential of higher operating profit in the future, and/or to utilize proceeds as liquidity reserve in investing in other companies, in accordance with the Company's investment policy, which would support the Comanche's core business or businesses which the Comanche holds expertise, and those which would generate continuous profits and good investment returns for shareholders in the long term going forward.

The transaction is approved by the board of Comanche and is expected to complete in second quarter of 2022.