Kaset Thai International Sugar Corporation Public Company Limited announced that the Board of Directors' Meeting No. 4/2019, which was held on May 13, 2019, has resolved to approve the investment in joint venture with Eurasia Light Industry Equipment Manufacturing Company Limited which is a manufacturer of pulp mold manufacturing machinery and a pulp mold distributor in the People's Republic of China in pulp mold manufacturing project, with a manufacturing capacity of 50 tons per day. In order to facilitate the implementation of the Project, the Board of Directors' Meeting has resolved to authorized the Chief Executive Officer or the Executive Committee or the person authorized by the Chief Executive Officer or the Executive Committee to negotiate, agree upon, set out, revised, change any details and/or conditions relating to the joint venture project and/or proceed with any necessary arrangements relating to the joint venture project, commencing from execution of contract, memorandum of agreement, and various documents, and contact with the relevant authorities or regulatory agencies, such as, the Department of Business Development, Ministry of Commerce, the Office of the Securities and Exchange Commission, the Stock Exchange of Thailand, as well as taking any arrangements as necessary and appropriate to the best interest of the Company. Such joint venture transaction is not regarded as a connected transaction, but an acquisition of assets under the Notification of the Capital Market Supervisory Board No. TorJor. 20/2551 Re: Rules on Entering into Material Transactions Deemed as Acquisition or Disposal of Assets dated August 31, 2008 and its amendment, and the Notification of the Board of Governors of the Stock Exchange of Thailand Re: Disclosure of Information and Other Acts of Listed Companies Concerning the Acquisition and Disposition of Assets B.E. 2547 (2004) dated October 29, 2004 and its amendment (the "Notifications on Acquisition or Disposition of Assets"). Upon calculation of the transaction size based on total value of consideration paid or received, the transaction value is equal to 5.2 percent, per the Company's consolidated financial statements ended March 31, 2019. The maximum value of the transaction, upon combination of other transactions on acquisition of assets over the past six months, based on total value of consideration paid or received is equal to 5.2%, which is an acquisition of assets worth lower than 15% pursuant to the Notifications on Acquisition or Disposition of Assets.